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47 Results from "Hong Kong Monetary Authority"

/crypto

Hong Kong and Thai central banks report back on digital currency trials

The Hong Kong Monetary Authority and the Bank of Thailand have completed a working prototype of a cross-border digital currency payment system.

/payments

MAS blockchain payment project moves into fifth phase

The Monetary Authority of Singapore says it has engaged with more than 40 financial and non-financial firms to determine the commercial viability and value of its blockchain-based prototype for multi-currency payments.

/ai

WeLab becomes first homegrown player to get Hong Kong virtual banking license

Mobile lender WeLab has become the fourth - and first homegrown - applicant to be granted one of Hong Kong's new virtual banking licenses.

/regulation

Hong Kong doles out first virtual banking licences

The Hong Kong Monetary Authority (HKMA) has unveiled the first batch of virtual banking licenses, the latest in a series of moves to help spark innovation in the city and strengthen Hong Kong’s position as an international financial hub.

/retail

Hong Kong faster payment platform goes live

Hong Kong has joined the faster payments club, launching a system that lets users send money nearly instantly to recipients using a mobile number or email address as an account proxy.

/retail

Hong Kong Monetary Authority embraces Open APIs

The Hong Kong Monetary Authority has released an Open API framework, paving the way for bank data sharing with third party vendors.

/payments

Hong Kong plans September go-live for blockchain-based trade finance

A coalition of leading transaction banks in Hong Kong are plotting a September go-live date for a blockchain-based trade finance platform, supported by the territory's central bank.

/retail

Standard Chartered applies for virtual banking licence in Hong Kong

Standard Chartered is to set up a digital banking operation in Hong Kong.

/retail

Hong Kong brings lending decisions into the digital age

The Hong Kong Monetary Authority (HKMA) is looking to bring lending into the digital age, allowing banks to forgo traditional credit checks on some personal loans in favour of big data analysis.

/regulation

Hong Kong sets out guidelines for new virtual banks

Hong Kong's efforts to encourage a wave of new digital banking providers advanced today when the island's central bank published a set of revised guidelines for new entrants.

/wholesale

Hong Kong and Singapore joins forces on blockchain trade finance platform

Hong Kong and Singapore have dumped decades-old rivalry for trade flows in South East Asia and signed a fintech co-operation deal to foster the development of innovative financial technology across the region, beginning with a cross-border linkage of DLT-based trade finance platforms.

/regulation

Hong Kong prepares for a new era of 'smart banking'

The governor of Hong Kong's central bank has spelled out a series of up-and-coming reforms - from the introduction of faster payments to open API standards - intended to prepare the territory for a revolution in retail banking services.