Open Banking

51% in Hong Kong Willing to Give 3rd Party Access to Their Financial Data

According to a study conducted by Accenture, 51% Hong Kong’s populace are willing to let third-parties access their financial data in order to get more personalised banking services at higher returns. Accenture opines that this underscores some potential for open banking solutions

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13 Banks Signs on to Hong Kong’s First Open API Exchange Platform

The banking consortium JETCO announced that 13 banks and popular e-service providers, including OpenRice, Price.com.hk and MoneyHero.com.hk, have signed on to JETCO APIX, Hong Kong’s first open API (application programming interface) exchange platform, that will commence operation in January 2019. This initiative signals that

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Neat First to Join Xero’s New Open Banking API for Accounting

Xero, a cloud-based accounting software platform geared for SMEs, announced the launch of its open banking API in Hong Kong, which would link up banks, fintechs and financial institutions. Xero has 1.6 million subscribers in over 180 countries including Hong

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Open Banking Hong Kong — How Open is Open?

Following the rollout of Open Banking regulations in the UK and the launch this year of the EU’s Payment Services Directive 2 (PSD2), countries across the Asia-Pacific region are following suit to establish their own frameworks to enable banks to

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Open Banking in Hong Kong to Fuel The City’s Fintech Ambitions

Open banking is gaining traction globally fueled by regulations like the EU’s P2D2 and the UK’s CMA Open Banking, a combination of banks’ internal efforts and market initiatives. Open banking refers to the use of open Application Programming Interfaces (APIs)

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