Thales has announced that Wing Lung Bank has deployed its SafeSign to enable token-based two-factor authentication for its retail e-banking customers. As one of the first local banks in Hong Kong to deploy token-based two-factor authentication, Wing Lung Bank now meets the Hong Kong Monetary Authority directive that states that single-factor authentication for high-risk transactions is no longer adequate in the face of rising online security threats. Based on the SafeSign architecture and Vasco hand-held tokens, Thales worked with the bank to design and implement the two-factor authentication system within six months.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.