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07
April
2022
| 12:00 Asia/Hong_Kong

Fraudsters in Hong Kong Increasingly Targeting Communities Like Online Dating Sites Where the Rate of Digital Fraud Increased 72.6% from 2020 to 2021

TransUnion finds communities, travel & leisure, and financial services were top three industries in Hong Kong with the highest year-over-year increase in rate of digital fraud attemptsTransUnion releases global report on annual digital fraud trends, …
10
March
2022
| 12:00 Asia/Hong_Kong

In Q4 2021 Hong Kong’s Consumer Credit Market Continued its Growth Trajectory Towards Pre-Pandemic Levels

Consumer preferences for type of credit shifted as growth was observed for all major consumer credit products, except for credit cards Increasing participation from younger generations (Gen Z) drove credit growth Lenders increased their risk …
19
January
2022
| 12:00 Asia/Hong_Kong

Survey Shows Hong Kong Consumers Increased Openness to Lending in 2021

Impact of the pandemic on household income reduced by 13 percentage points from Q3 to Q4 2021, with 70% of Hong Kong consumers saying their household income was currently unaffectedChanging macroeconomic environment and consumer habits redefine …
12
January
2022
| 11:18 Asia/Hong_Kong

TransUnion Hong Kong Appoints Sunny Cheung as Independent Non-Executive Director of TUCIS

Hong Kong, January 12, 2022 – TransUnion (NYSE:TRU), a leading global information and insights company, today announced the appointment of Sunny Cheung as Independent Non-Executive Director of TransUnion Credit Information Services Limited (TUCIS), …
20
December
2021
| 12:00 Asia/Hong_Kong

Suspected Digital Holiday Shopping Fraud Coming From Hong Kong Decreases 29% Compared to Last Year

TransUnion analyzes early holiday e-commerce fraud attempt ratesTransUnion (NYSE: TRU) released new findings today around global e-commerce fraud trends that occurred during the busiest period of the 2021 holiday shopping season. The analysis found …
08
December
2021
| 11:00 Asia/Hong_Kong

Strong Resurgence in Unsecured Lending in Hong Kong Consumer Credit Market

Lenders showed an increased risk appetite, with strong growth in new accounts opened (originations) within prime and below consumersUnsecured revolving lines recorded strongest increase in originations, after a second consecutive quarter of …