Regulatory Alerts2023-08-15
Added · Updated
Pilot Programme of Interbank Account Data Sharing Initiative
The Hong Kong Monetary Authority issued this directive to selected licensed banks, requiring their participation in the Interbank Account Data Sharing pilot programme. The initiative enables customers to securely share bank account data with other institutions subject to consent, aiming to digitalize operations and strengthen risk management. Participating banks are expected to complete all necessary preparations by the end of the year to facilitate the examination of use cases and implementation standards.
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