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CRIF and Know Your Customer announce strategic partnership with PAOB to further enhance the digital onboarding experience for SME customers

HONG KONG SAR – Media OutReach – 19 July 2023 – CRIF and Know Your Customer have announced the partnership with Ping An OneConnect Bank (Hong Kong) Limited (“PAOB”) to further enhance the digital onboarding process for its small and medium enterprise (“SME”) clients. The partnership is setting the foundations to support PAOB meeting the increasing demand for quick-to-access banking services by local SMEs through the provision of a highly scalable and cloud-native solution.

The new system, developed by CRIF and Know Your Customer, leverages real-time registry connections to automatically retrieve documents and map shareholders. This provides a centralised solution that integrates data from multiple official sources into one place, allowing PAOB to streamline the SME onboarding process and facilitate the customer due diligence process whilst reducing costs and manual work.

CRIF and Know Your Customer’s joint offering provides digital banks and financial institutions with a one-stop solution that addresses their client onboarding and on-going monitoring requirements. The solution draws on unique strengths from both sides to empower digital banks and financial institutions with all the compliance tools they need. CRIF offers an extensive portfolio of business data and intelligence, including credit data; open banking; and Environmental, Social and Governance data. Meanwhile, Know Your Customer provides unmatched coverage of real-time registry connections, Ultimate Beneficial Owner mapping across borders, and modular workflow capabilities.

Jamie Anderson, Global Head of Sales at Know Your Customer, said, “We have seen time and time again how the modular design and unique set-up of our solutions are especially compatible with the needs of virtual and digital banks in Hong Kong and globally. We are delighted to be working with our partner CRIF to support PAOB’s vision of outstanding SME onboarding and next-generation digital compliance and we look forward to supporting their growth in Hong Kong and across the APAC region.”

Ivan Chow, Head of Strategy & Partnerships of PAOB, is pleased with this partnership, “Since our successful launch in 2020, we have been thriving our virtual banking services for local SMEs and we significantly expedited the bank account opening and loan approval processes. And this is well-received from our SME customers, especially when the SME sector was generally impacted most amidst the pandemic. Given Hong Kong is now opening up, we believe the SMEs would be benefited from the economic rebound and recovery, and the demand for operating capital financing is likely increased. The partnership with CRIF and Know Your Customer will further enhance our customer-centric experience to the SME customers.”

With over 360,000 SMEs representing more than 98% of total businesses in the city, SMEs are of crucial importance to the development of the economy in Hong Kong.
Hashtag: #regtech #kyb #kyc #hk #smebanking #banking #virtualbank #fintech

The issuer is solely responsible for the content of this announcement.

CRIF

CRIF is a global company specializing in credit & business information systems, analytics, outsourcing and processing services, as well as advanced digital solutions for business development and open banking. The mission that drives CRIF is to create value and new opportunities for consumers and businesses by providing reliable information and solutions, allowing more powerful decisions and accelerating digital innovation.

CRIF is currently the leading credit information banking group in continental Europe and a major player in the global market for integrated business & commercial information and credit & marketing management services. Through continuous innovation, the use of state-of-the-art technology and a strong information management culture, CRIF supports financial institutions, credit unions, insurance companies, telco, media, utility and energy companies, businesses, and consumers. In addition, as part of its end-to-end solutions, CRIF has developed a line of services for individuals and SMEs dedicated to financial well-being and the prevention and protection against fraud and cyber risks, while CRIF Ratings, a credit rating agency authorized by ESMA and recognized as an ECAI, provides ratings on non-financial companies based in the EU. In addition, in 2019 CRIF expanded its coverage as an AISP to 31 European countries where the PSD2 directive for open banking is applicable.

Currently over 10,500 banks and financial institutions, more than 600 insurance companies, 80,000 companies and 1,000,000 consumers currently use CRIF services in 4 continents.

Know Your Customer

Know Your Customer is an award-winning RegTech company specialised in next generation digital onboarding solutions for financial institutions and regulated organisations worldwide.

For teams that are struggling with inefficient corporate onboarding processes, Know Your Customer provides a modular compliance solution that combines the most intuitive digital workspace on the market with unmatched real-time registry data, seamless integrations and smart automation to transform the essence of the compliance function at its core. The products’ modular design enables efficient customisation, as clients can select and implement only the functionalities they really need, all available via Rest API. For more information visit or follow Know Your Customer on or.

Ping An OneConnect Bank (Hong Kong) Limited

Ping An OneConnect Bank (Hong Kong) Limited (“PAOB”), a wholly-owned subsidiary of OneConnect Financial Technology Co., Ltd. (“OneConnect”) (HKEx:6638; NYSE:OCFT) and a member of Ping An Insurance (Group) Company of China Ltd. (“Ping An”) (HKEx:2318; SSE:601318), is committed to establishing a virtual banking ecosystem by optimising customer-centric services through its innovation and sophisticated technology. PAOB was granted a virtual banking licence by the Hong Kong Monetary Authority in May 2019. PAOB is developing diverse business segments including retail banking and SME banking.

JC PROcruit C offering close to 1,000 traineeship opportunities for first-time-job-seekers and graduates with non-professional background to embark on a new career journey

HONG KONG SAR – Media OutReach – 19 July 2023 – Created and funded by The Hong Kong Jockey Club Charities Trust, Phase 2 of the JC PROcruit C programme welcomed more than 500 first-time-job-seekers onboard. JC PROcruit C, a one-year professional traineeship programme, was launched in December 2020. The two phases altogether have successfully matched close to 1,000 first-time-job-seekers with career opportunities in four professional sectors, namely Creativity, Technology, Business and Healthcare, enabling them to realise their career goals.

After receiving encouraging results and positive feedback from trainees, employers and sector practitioners, Phase 2 of the programme has been scaled up to offer more traineeship opportunities. Apart from degree and sub-degree holders, it has also been extended to holders of the Hong Kong Diploma of Secondary Education (HKDSE) or equivalent qualifications in order to benefit more first-time-job-seekers. Despite the competition of talent persists after the pandemic, the unique traineeship programme still managed to attract over 500 trainees in phase 2 to embark on their new career journey by joining the one-year full-time traineeship programme

JC PROcruit C encourages employers to adopt a strength-based talent-matching model that values job seekers’ “VASK” (Values, Attitudes, Skills and Knowledge). Trainees can acquire entry-level jobs in the four chosen emerging and promising sectors and contribute to society without being limited by lack of work experience or academic qualifications. As well as breaking from the traditional recruitment approach, the programme provides trainees with pre-onboarding bootcamp, professional career coaching, continuous on-the-job learning and social innovation training opportunities to prepare them for work and future employability. The programme also aims to create a better cohort experience with strong peer support.

Talent and Sector Development is one of the priority areas of the Club’s Charities Trust. The Club believes young people have different goals and aspirations for their career development journeys. The programme provides hands-on experience for them to explore their own unique rhythm and pathways. Trainees are also encouraged to actively participate in the pre-onboarding bootcamp and get to know more peers of similar backgrounds to share the joys and challenges of work, strengthen resilience and grow together.

Technological advancement is driving continuous innovation within many sectors, which brings new challenges but also opportunities in terms of talent demand and emerging skill sets. The programme collaborates with industry convenors from the four emerging sectors and over 250 caring and forward-looking employers to offer 16 future-oriented, human-centric professions for first-time job seekers from different academic backgrounds to start their careers in caring professions.

In the future, the programme will share relevant resources and achievements in its online resource hub for reference. Through the inspiring and impactful stories of employers and trainees, the programme aims to further promote its mission and adoption of the traineeship framework to different sectors, to benefit more young people and employers.

Hashtag: #JCPROcruitC

The issuer is solely responsible for the content of this announcement.

About JC PROcruit C

JC PROcruit C is a one-year professional traineeship programme created and funded by The Hong Kong Jockey Club Charities Trust. Together with industry convenors including Cyberport, The Good Lab, Hong Kong Science & Technology Parks, YWCA, Po Leung Kuk, New Life Psychiatric Rehabilitation Association and Tung Wah Group of Hospitals, and over 250 committed and forward-looking employers, the programme offers on-the-job training, career coaching and professional network building facilitation for first-time job seekers, with a one-year traineeship opportunities in 16 future-oriented job roles across four emerging sectors, namely Creativity for Good, Technology for Good, Business for Good and Healthcare for Good, helping dedicated and motivated young graduates to develop their work readiness and carve out their professional pathways.

The Club’s support for this programme, like all of its charity donations, is made possible by its unique integrated business model through which racing and wagering generate tax and charity support for the community.

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Lao PM Calls for ‘De-dollarization’ and Further Regulation of Foreign Currencies

Mr. Sonexay Siphandone, the Prime Minister of Laos.

Prime Minister Sonexay Siphandone signed a seven-page order on 14 July to ensure that foreign exchange earned through exports and foreign investments, enters the country through its banking system.

Khammouane Provincial Hospital Faces Medicine Shortage

Hospital (Freepik)

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Thai Constitutional Court Suspends PM Candidate Pita Limjaroenrat from House of Representatives

Leader of Move Forward Party Pita Limjaroenrat leaves after speaking to media at Move Forward Party headquarters in Bangkok, Thailand, Sunday, May 14, 2023. Thailand's main opposition party took an early lead in a vote count from Sunday's general election, touted as a pivotal chance for change nine years after incumbent Prime Minister Prayuth Chan-ocha first came to power in a 2014 coup. (AP Photo/Sakchai Lalit)
Leader of Move Forward Party Pita Limjaroenrat (AP Photo/Sakchai Lalit)

The Constitutional Court has suspended Pita Limjaroenrat, the leader of the Move Forward Party and a prime ministerial candidate, from his elected position in the House of Representatives.

Laos Vows to Expand Nationwide Mobile Phone Coverage by 2025

A woman takes a photo of a person in a temple in Laos. (Photo: Teng).

Lao Ministry of Science and Technology has pledged to increase mobile phone coverage in the country, especially in rural areas by 2025. 

Lao Central Bank Governor Urges Curbing Luxury Imports to Tackle Inflation

Laos Governor Urges National Assembly to Curb Luxury Imports as Measure to Tackle Inflation
FILE: This image is used only for representational purpose (photo: The Diplomat)

The Governor of the Bank of Lao PDR, Mr. Bounleua Sinxayvoravong, presented a bold proposal to the National Assembly, calling for stringent limitations on luxury imports as a key strategy to combat inflation in Laos.

National Assembly Wraps Up 5th Ordinary Session with Focus on Economic Development

Photo Credit: KPL

The National Assembly of Laos concluded its 5th Ordinary Session of the 9th Legislature on Tuesday, with key discussions centered around economic challenges and the introduction of new laws.