Tag "Hong Kong Monetary Authority"
Cyberport Granted HK$6.1 Million for Fintech Scheme, Now Open for New Applications
Hong Kong digital tech park Cyberport has announced that the application stage for the first phase of its Fintech Proof-of-Concept Subsidy Scheme has closed and received over 80 applications. The scheme was commissioned by the Financial Services and the Treasury
Read MoreHKMA Unveils New Data Strategy During Hong Kong Fintech Week
During his opening speech at the Hong Kong Fintech Week 2020, the city’s flagship fintech event, Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue announced that the HKMA is exploring a new data strategy and considering building a new financial
Read MoreHong Kong’s Central Bank is Now Working with France to Cultivate Fintech Innovation
The Hong Kong Monetary Authority (HKMA) and Autorité de Contrôle Prudentiel et de Résolution (ACPR), France’s central bank, entered into a Memorandum of Understanding (MoU) on 5 July 2019 to help each other grow their fintech. Under the MoU, the HKMA
Read MoreNeat Reveals One Key Problem With HKMA’s Virtual Banking License and Why They Won’t Bother
The Hong Kong Monetary Authority (HKMA)’s decision to set up the virtual license is often seen as a strategic move, if a tad overdue. Reportedly, the regulator saw over 29 applications, which rumour has it, includes companies like Ant Financial,
Read MorePing An’s $US 15 Billion R&D Budget Could Help Them Stay Ahead in Healthtech
Ping An Group expects to invest $US 15 billion in technology R&D in the next decade in an attempt to stake out a lead in the financial services industry for next 10 years Each year the Group invests one percent
Read MoreSurvey: Exploring Mobile Payment in Hong Kong
Hong Kong Internet Registration Corporation Limited (“HKIRC”) announced the results of the “Mobile Payment: Digital Transformation from Customers to Merchants” survey, exploring the market prospects of electronic mobile payments in Hong Kong. The survey measured public perceptions of the development of
Read MoreHKMA Launches Open API in Hong Kong, Leads by Opening Their Data
After a long deliberation and hearing from 41 different respondents, the Hong Kong Monetary Authority (HKMA) has just published the Open Application Programming Interface (API) Framework for Hong Kong’s banks. The API is one out of the seven initiatives announced
Read MoreAbu Dhabi and Hong Kong Advance Fintech Cooperation
Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority signed a co-operation agreement to jointly promote and enable financial services innovation, and accelerate cross-border FinTech business opportunities in Hong Kong and the
Read MoreHong Kong Fintech Week 2017 – Day 1 Highlights
Hong Kong Fintech Week, organised by Invest Hong Kong (InvestHK), got off to busy start on Monday with a packed main hall and two separate well-attended workshops running concurrently as delegates heard about the latest developments in blockchain, the overarching theme
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