HSBC officially launched "Smart Safe Deposit" and successfully intercepted nearly 70% of fraudulent funds for clients in the first half of this year

HSBC held its first anti-fraud event "Anti-Fraud Summit" today (17th), bringing together industry leaders and community partners to build a stronger defense against financial fraud.

The Anti-Fraud Summit is HSBC's third large-scale anti-fraud education event, supported by the Hong Kong Monetary Authority, the Investor and Financial Education Council, the Hong Kong Youth Association, and Tung Wah Group of Hospitals.

At the event, HSBC officially launched "Smart Safe Deposit." "Smart Safe Deposit" is the latest anti-fraud measure introduced by the Monetary Authority, allowing eligible customers to deposit funds into an independent and protected account. Customers can only transfer funds to "Smart Safe Deposit" through a same-name HSBC account via digital channels or branches.

Eddie Wu, CEO of HSBC Hong Kong and General Manager of Retail Banking and Wealth Management, stated that HSBC successfully intercepted nearly 70% of fraudulent funds for customers in the first half of this year. However, "teaching people to fish" is essential for providing the most comprehensive protection for customers. As a community bank in Hong Kong, protecting over 1.8 million customers, including the elderly, is HSBC's top priority. While the launch of "Smart Safe Deposit" certainly helps achieve this goal, the bank cannot do it alone. Therefore, this event aims to harness community power, share successful experiences, and contribute to building a safer community