Regulatory Alerts2020-12-29
Added · Updated
Launch of iAM Smart
The Hong Kong Monetary Authority issued this circular to inform Authorized Institutions and Stored Value Facility licensees of the Office of the Government Chief Information Officer's launch of the iAM Smart digital identity initiative. The document encourages financial sector adoption of iAM Smart to facilitate remote customer on-boarding, enhance online authentication, and support the development of Hong Kong's fintech ecosystem. It further details available sandbox programmes and provides contact information for institutions wishing to test applications or discuss potential use cases with regulators.
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