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First Online-Only Bank Opens In Hong Kong

PYMNTS

The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. ZA Bank’s offerings include a deposit account with an interest rate of 1 percent yearly, and competitive lending. Many of the digital banks, Like ZA Bank, will offer high introductory rates for deposits.

Banking 54
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Beyond the pandemic: How finance continues or kick-starts RPA implementation

Future CFO

Zakir Ahmed (ZA): This pandemic has created an environment of necessity for many organisations to adopt a 100 percent work-from-home model. ZA: A clearly defined strategy and roadmap enables CFOs to know which processes to tackle first. ZA: Executive leadership influences the change in mindset.

Finance 52
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Trending Sources

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What Do You Believe? Why?

Barry Ritholtz

Let’s start with this story in The Guardian about New York Za: Rightwingers say ‘pink-haired liberals’ are killing New York pizza. One involves pizza, the other involves COVID, both are classic examples of how easily we can be misled if our thought process isn’t precise and our information sources are “unhygienic.”

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Hong Kong’s First Neobank Lures Consumers With High Deposit Rates

PYMNTS

ZA Bank will pay a select depositors more than 3 percent above other banks, such as HSBC and Standard Chartered, according to Bloomberg. The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for deposits. Hong Kong is experiencing other business challenges.

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Luxury Brands Add Eateries In China To Attract More Customers

PYMNTS

Zwilling ZA Henckels is a German high-end kitchenware company, and it has a restaurant on top of its store in Shanghai. Luxury brands like Mercedes and Tiffany & Co. are adding restaurants and eateries to their locations to attract a new generation of customers, according to a report by the South China Morning Post.

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More High-End China Retailers Add Eateries

PYMNTS

Zwilling ZA Henckels is a German high-end kitchenware company, and it has a restaurant on top of its store in Shanghai. Luxury brands like Mercedes and Tiffany & Co. are adding restaurants and eateries to their locations to attract a new generation of customers, according to a report by the South China Morning Post.

Retail 52
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Grab And ZhongAn Unit To Sell Insurance In Southeast Asia

PYMNTS

ZA International, the unit of ZhongAn that is working with Grab, is providing the back-end technological assets for the new insurance platform. Users will be able to access the insurance products via the Grab mobile app, with the service expected to be launched in Singapore in the first half of this year.