Regulatory Alerts2022-06-23
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Results of the Tech Baseline Assessment
The Hong Kong Monetary Authority (HKMA) issued this report following a Tech Baseline Assessment of 63 authorized institutions to evaluate their Fintech adoption plans through 2025. The assessment reveals strong industry commitment to increasing financial and talent investment, with Regtech, Paytech, and Lendingtech expected to lead adoption while Greentech and Legaltech show significant growth potential. Consequently, the HKMA will formulate a detailed roadmap to promote further development in Investech, Wealthtech, Insurtech, Greentech, AI, and DLT through targeted initiatives such as awareness campaigns, technical training, and industry competitions.
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