Regulatory Alerts2022-06-23
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Results of the Tech Baseline Assessment
The Hong Kong Monetary Authority issued this letter to announce the completion of the Tech Baseline Assessment and the publication of its final report regarding Hong Kong banks' Fintech adoption. The assessment reveals that the banking industry is supportive of the HKMA's Fintech drive, with banks planning significant financial and talent investments to achieve adoption objectives by 2025. Consequently, the HKMA will formulate a detailed roadmap to promote developments in specific business areas and technology types while engaging with other local authorities for cross-sectoral collaboration.
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HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
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