Regulatory Alerts2023-08-25
Added · Updated
New Roadmap to Promote Fintech Adoption in Financial Services Sector
The Hong Kong Monetary Authority issued this circular on August 25, 2023, to introduce a new roadmap aimed at accelerating the adoption of financial technology within the financial services sector. The document outlines strategic initiatives and sound practices for Authorized Institutions to enhance smart banking and supervisory technology capabilities. It serves as a directive for all regulated entities to align their technological development with the regulator's vision for a more innovative and resilient financial ecosystem.
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