Tag "Hong Kong Monetary Authority (HKMA)"

HKMA Explores Suptech, The Overlooked Missing Piece of The Smart Banking Picture

It is often said that fintech is one of the most regulated tech sectors in the world, and for good reason. There are dire consequences to any developing tech going wrong (Facebook’s recent privacy scandal comes to mind), but straits

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Virtual Banks to Shake up Hong Kong Banking Landscape

Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The

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Abu Dhabi and Hong Kong Advance Fintech Cooperation

Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority signed a co-operation agreement to jointly promote and enable financial services innovation, and accelerate cross-border FinTech business opportunities in Hong Kong and the

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Hong Kong Monetary Authority Appoints Colin Pou to Build the Fintech Ecosystem

The Hong Kong Monetary Authority (HKMA) announced today recently that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Mr Colin Pou as Executive Director (Financial Infrastructure) with

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Shenzhen-Hong Kong Fintech Award Winners

Mr Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA), together with Mr Ai Xuefeng, Deputy Mayor of the People’s Government of Shenzhen Municipality, and Mr He Xiaojun, Director-General of the Office of Financial Development Service (OFDS), met

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Guidelines for Fintech in Personal Lending in Hong Kong

The Hong Kong Monetary Authority (HKMA) issued guidelines to banks on Credit Risk Management for Personal Lending Business. The guidelines allow banks to adopt innovative technology to manage credit risks related to personal lending business, in a bid to improve

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Hong Kong Reveals Guideline on Authorization of Virtual Banks

The Hong Kong Monetary Authority (HKMA) published today a revised Guideline on Authorization of Virtual Banks for public consultation. As part of the package of initiatives announced in September 2017 to bring Hong Kong into a New Era of Smart

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Switzerland And Hong Kong Strengthen Their Cooperation In Financial Markets

Federal Councillor Ueli Maurer and Mrs Carrie Lam, Chief Executive of Hong Kong SAR, met in Bern to strengthen bilateral cooperation in the area of financial markets and to exchange views on international financial and tax matters. Authorities and private

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HKMA Launches Industry Consultation on Open API Framework

The Hong Kong Monetary Authority (HKMA) issued a consultation on Open API framework, setting out the HKMA’s intended approach to Open Application Programming Interfaces (API) for the banking industry in Hong Kong. The HKMA now invites relevant parties in the

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Fintech in Hong Kong: All You Need to Know

In Hong Kong, banks, entrepreneurs and the government itself have joined hands to make the city a hotbed for fintech innovation and a pioneer in digital finance. The fintech industry has significantly grown in recent years aided by initiatives from

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