Tag "The Hong Kong Monetary Authority (HKMA)"
HKMA’s Fintech Roadmap Propels Hong Kong Towards Future Financial Innovation
In recent years, the fintech landscape in Hong Kong has emerged as a transformative force, driving the evolution of the global financial services industry. Its impact extends beyond convenience, as fintech solutions have empowered financial institutions to expand their product
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HKMA Calls for Improved Mobile Payment Security, Deadline Set for May 31
The Hong Kong Monetary Authority (HKMA) has issued new requirements for authorised institutions (AIs) to enhance security controls when binding payment cards to contactless mobile payment services, such as Apple Pay, Google Pay, and Samsung Pay. This move comes in
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Year in Review: Hong Kong’s Top 5 Most Important Fintech Stories In 2022
Hong Kong’s emergence as a fintech hub is no secret as the city has long been at the forefront of adopting new technologies and developing innovative financial products and services. In recent years, Hong Kong has seen a surge in fintech
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Hong Kong and Singapore Leads The Way in Green Fintech Development
Hong Kong and Singapore are leading the five economies in Asia-Pacific Economic Cooperation (APEC) in green fintech development, according to a joint paper by ESG and sustainability education firm, GoImpact, and the Chinese University of Hong Kong’s Business School (“CUHK
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Rise of The Neo-Banks: Hong Kong Issues New Guidelines for Virtual Banks
The Hong Kong Monetary Authority (HKMA) published today a revised Guideline on Authorization of Virtual Banks (the Guideline) following the completion of a public consultation. During the public consultation, the HKMA received submissions from a total of 25 respondents, including
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