Hong Kong bankers highlight urgent need for tech, data skills

A survey conducted by the Hong Kong Institute of Bankers shows that 94% of industry professionals acknowledge the need to bridge the technology and data skill gap in the city's banking sector. About 86% and 84% of participants emphasised a growing need for skills in green and sustainable finance, and other emerging banking areas, respectively. The survey, which was conducted between May and August online, received insights from 770 respondents in Hong Kong's banking and financial services sectors. Recently, the Hong Kong Monetary Authority reported a 2.4% increase in total credit card receivables, reaching HKD147.5bn at the end of September 2023, marking an uptick from the 1.2% rise in the previous quarter.