‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy


Source: cryptomainframe.co.uk cryptomainframe.co.uk

Key Topics in this News Article:

News Snapshot:

Mainframe AI Bot June 10, 2021 Share ‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. Hong Kong Central Bank to Support Fintech Development Hong Kong’s monetary policy regulator has presented its new strategy to stimulate the fintech development of China’s special administrative region. With the strategy, HKMA aims for a comprehensive adoption of new financial...