Tag "Hong Kong Monetary Authority (HKMA)"

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

Read More

Hong Kong reveils 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

Read More

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

Read More

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

Read More

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

Read More

Thomson Reuters Partners to support Hong Kong FinTech Innovation Hub

Thomson Reuters is partnering with the Hong Kong Applied Science and Technology Research Institute (ASTRI) to help accelerate the development of FinTech innovation by bringing technology, tools and content to the Innovation Hub launched jointly by ASTRI and the Hong

Read More

A Fintech Supervisory Chatroom for Hong Kong

The Hong Kong Monetary Authority (HKMA) launched a Fintech Supervisory Chatroom . The Chatroom is a new feature of the Fintech Supervisory Sandbox 2.0.  It seeks to provide supervisory feedback to authorized institutions (AIs) and technology firms at an early

Read More

Hong Kong Fintech Week 2017 Highlights

This year’s Hong Kong Fintech Week was all about cutting-edge technologies, enabling greater collaboration, and strengthening Hong Kong’s position on the global fintech scene. One of this year’s key topics was blockchain and cryptocurrencies. Participants and experts were unanimous on

Read More

Hong Kong Welcomes New Fintech Regulations And Initiatives

Hong Kong is ramping up its support for fintech and insurtech innovation with new rulings and bold initiatives that are intended to accelerate development and facilitate collaboration. Many of these initiatives are being undertaken by the Hong Kong Monetary Authority

Read More

A New Era of Smart Banking in Hong Kong

The Hong Kong Monetary Authority (HKMA) unveiled a number of initiatives that prepare Hong Kong to move into a New Era of Smart Banking. In a keynote speech delivered during the Annual Banking Conference of the Hong Kong Institute of

Read More