Regulatory Alerts2021-06-18
Added · Updated
HKMA Fintech 2025 Tech Baseline Assessment
The Hong Kong Monetary Authority requires all licensed banks with significant operations in Hong Kong to participate in a Tech Baseline Assessment under its Fintech 2025 strategy. Banks must submit a Three Year Plan detailing their current and future fintech adoption, including specific action plans for budget, talent, and governance, by 31 December 2021. This initiative aims to identify underdeveloped technology areas and support the all-round digitalization of banking operations from front-end to back-end.
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