Digital Banking & Payments

Open-banking models possess the potential to enhance competition, foster innovation, and improve accessibility to financial services for consumers and small businesses. They also empower customers by granting them control over the sharing of their data, enabling them to determine when, how, and why it is shared.

The Hong Kong Monetary Authority (HKMA) released on the 27th April 2022, a discussion paper on retail central bank digital currency (CBDC), titled “e-HKD: A Policy and Design Perspective”.

As we approach the anniversary on 24th March1 of the launch of the first of eight new virtual banks offering convenience, competition, and innovation to individuals and small businesses, The FinTech Association of Hong Kong would like to thank Quinlan & Associates and welcome this timely report focused on the outlook for Hong Kong’s virtual banks.

Hong Kong - March 2018 - FTAHK welcomes the HKMA’s proposed revision of the “Guideline on Authorization of Virtual Banks”, a key deliverable within its New Era of Smart Banking Initiatives. 

The FinTech Association of Hong Kong (“FTAHK”) welcomes the Hong Kong Monetary Authority’s (“HKMA”’s) New Era of Smart Banking Initiatives announcement made on 29 September 2017, and re-enforced during HKMA...