Open Banking

HKSTP and HSBC Team Up to Drive Open Banking Innovation in Hong Kong

Hong Kong Science and Technology Parks Corporation (HKSTP) has teamed up with HSBC today to drive open banking innovation for start-ups and technology ventures. HSBC will be the lead partner in the API EcoBooster (Programme) to mentor and co-create API

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APAC Banks Are Backing Open Banking, but What Does ‘Open’ Really Mean?

A survey launched this week by Finastra revealed that close to 100% of financial institutions in Singapore and Hong Kong think Open Banking is important, with two thirds in Singapore calling it a “must have”. Open Banking has not only

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Unlocking the Value in Payments Data With Technology and Partnerships

Over the years, banks have been creating exponentially growing mountains of data – much of it with huge potential value. However, despite their ability to create it, banks have not always been good at making the best use of it.

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One In Two Hong Kongers Are Open To Try Virtual Banks

One in two Hong Kongers are likely to open an account with a virtual bank with a tenth saying they will definitely do so, according to a study by Visa. The Future of Commerce: Consumer Payment Attitudes Study by Visa

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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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