Hong Kong consumers say fintechs are as trustworthy as banks: survey

The vast majority of consumers in Hong Kong believe fintech companies and the services they provide are as trustworthy as traditional banks, according to a survey. Seven in every ten (70%) Hong Kongers said to have the same level of trust between fintech and banks, the study from MHP Communications revealed.However, this number drops dramatically if the question is different, as only 8% believe that fintech deserve their trust more than their own banks whilst 22% admit that fintech companies are less trustworthy than their tried-and-tested financial services providers. Banks occupy fo...