HONG KONG -- Leading companies in Hong Kong's finance sector are launching projects revolving around financial technology, marking a step forward in a region where conventional banking still dominates.
AIA Group, an insurer boasting more than 3 million customers in Hong Kong, on Tuesday rolled out iShop, an online marketplace letting consumers buy health or life insurance in just 3 minutes. A prospective customer can choose a product on the website and answer basic questions to receive a quote. If the user opts to buy a policy, AIA sends documents to confirm the purchase via email.
