Tag "Hong Kong Monetary Authority (HKMA)"
Here Are the 5 Strategies Outlined in HKMA’s Fintech 2025 Plan
The Hong Kong Monetary Authority (HKMA) has unveiled “Fintech 2025”, its new strategy for driving fintech development in Hong Kong which includes further testing of Central Bank Digital Currencies (CBDCs). According to a statement by HKMA, the new fintech strategy
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Airstar Bank Pilots Corporate Banking Services for SMEs Through HKMA Sandbox
Airstar Bank, one of Hong Kong’s eight virtual banks, has launched a pilot trial of corporate banking services for SMEs through the Fintech Supervisory Sandbox administered by the Hong Kong Monetary Authority (HKMA). At this stage, the pilot trial aims
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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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