Open Banking

gini’s Study Reveals That 80% of Bankers in Asia Sees Themselves as Open API Losers

gini, the Hong Kong based data-driven banking solutions provider reveals a recent survey on Open APIs readiness among Asian fintech industry professionals. Only 20% of bankers saw themselves as the winners from Open APIs, even though 70% said sharing customer

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OpenLegacy Eyes Hong Kong Expansion After Raising US$ 50M

OpenLegacy a provider of microservices-based API integration and management for core and legacy systems, announced that it has raised a total funding of US$ 50 Million to date with the latest round being led by Hong Kong based Silverhorn Investment

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SWIFT and HSBC to Define Industry Standard for APIs in Hong Kong

SWIFT and HSBC announced today they are joining forces to define a common industry-standard JSON for APIs, re-using ISO 20022 components, the initiative will see the Hong Kong banking community working together to review and agree on this standard. In

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CoverGo Teams up with Jetco to Build Car Insurance Open API Platform

Joint Electronic Teller Services Limited (“JETCO”) today announced its collaboration with  insurtech provider CoverGo to build car insurance API platforms that will offer price comparison, online applications, claiming and a range of other innovative features based on JETCO APIX, an

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Hong Kong’s Regulator Shares its Progress in Implementing Open Banking So Far

The Hong Kong Monetary Authority (HKMA) unveiled today in a media statement, the progress of its Open API framework and its future plans. The HKMA introduced the Framework in July 2018, which aims to facilitate the development and wider adoption

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A Snapshot of Fintech in Hong Kong in 2019

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of investments. According to Accenture, this was due to new measures

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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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