Tag "Hong Kong Monetary Authority (HKMA)"

Hong Kong Enters a New Phase of Open Banking

The Hong Kong Monetary Authority (HKMA) announced the implementation plan for the third and fourth phases of its Open API framework. The next steps in the framework are account information for phase 3 and transactions for phase 4. Following the

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HKMA Partners Bank of Japan to Unveil Cross-Border Delivery-Versus-Payment Link

The Hong Kong Monetary Authority (HKMA) announced the launch of the delivery-versus-payment (DvP) link for cross-currency securities transactions between the Hong Kong dollar (HKD) CHATS and the Bank of Japan Financial Network System for Japanese Government Bond (BOJ-NET JGB) Services.

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Hong Kong Monetary Authority Launches Global Regtech Challenge

The Hong Kong Monetary Authority (HKMA) announced today the launch of its Global Regtech challenge which they described as a competition designed to raise the Hong Kong banking industry’s awareness of the potential of Regtech adoption and to further grow

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Central Banks of China and UAE Joins Hong Kong-Thailand’s Digital Currency Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced in a joint statement that the central banks of China and the United Arab Emirates will be joining them for the second phase of their central bank

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6 Ways Hong Kong Banks are Using Regtech to Combat Financial Crimes

A new report published by the Hong Kong Monetary Authority (HKMA) looks at six ways banks in the region have used regtech tools for anti-money laundering and combating the financing of terrorism (AML/CFT) purposes. The report, produced in collaboration with

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HKMA Urges Financial Institutions to Leverage New Digital Identity Platform iAM Smart

Hong Kong’s Office of the Government Chief Information Officer (OGCIO) has launched iAM Smart which provides all Hong Kong residents with a single digital identity and authentication to conduct government and commercial transactions online. All Hong Kong residents can apply

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HKMA Highlights 4 Regtech Uses Cases During COVID-19 Pandemic

  As the COVID-19 pandemic continues to profoundly disrupt the financial services landscape, technology holds to key to overcoming the operational challenges caused by the public health crisis, according to Hong Kong Monetary Authority (HKMA). In HKMA’s fifth issue of

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Hong Kong Fintech Week 2020 Closes on a High Note With 1.2 Million Viewers

The Hong Kong FinTech Week 2020 came to a close last Friday on the 6th November with reportedly 1.2 million viewer tuning in for the fully virtual event. The three-day main conference and over 30 satellite events featured important announcements,

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Hashkey Wins Prize at HKMA Trade Finance Challenge

HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, was announced as one of the winners of the “Digitising Trade Finance Tech Challenge” hosted by the Hong Kong Monetary Authority (HKMA). Announced at the Hong Kong Fintech

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ConsenSys Bags the Lead for the Second Phase of HKMA’s Digital Currency Study Project

US-headquartered blockchain firm ConsenSys has been granted the lead for the second phase of Project Inthanon-LionRock, a cross-border payment network study project by the Hong Kong Monetary Authority (HKMA). Previously, HKMA and the Bank of Thailand (BOT) had signed a

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