HKB Technology Excellence Awards 2023 Winner: The Bank of East Asia, Limited

Listen to BEA’s Nixon Cheng, Section Head and Senior AML Compliance Manager of Financial Crime Compliance Department, & Tammy Kwok, Section Head of Data Solutions, Data Science and Governance Department, as they talk about their adoption of innovation-led strategies which are crucial for banks to stay ahead of evolving tactics and safeguard clients’ interests.

Harnessing cutting-edge technologies such as data mining and analytics, BEA proactively combats financial crime. Preventive initiatives involves behavioural analysis and pattern recognition, enabling swift identification of anomalies and bolstering annual crime prevention measures. Internally, BEA is dedicated to nurturing a culture of data and innovation, offering targeted training to empower staff with skills in data and fostering enthusiasm for the adoption of artificial intelligence (AI).

BEA envisions to become a trusted banking partner in Greater China and beyond. The success at the HKB Technology Excellence Awards, particularly in the Analytics - Banking and Big Data - Banking categories, reinforces BEA's status as a pioneer in leveraging technology for effective fraud detection and prevention.