All domestic and foreign banks are asked to integrate APIs in their workflows for reporting financial statements from January 2023.
March 23, 2022The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.
February 3, 2022HKMA's Eddie Yue said the combined power of the three infrastructures will pave the way for digitalising cross-border trade across APAC.
January 28, 2022The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.
December 24, 2021Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.
December 23, 202117 FIs and fintechs are piloting the API-based MyData service starting today (1 December), ahead of a full launch on 1 January.
December 1, 2021A four-year transformation programme will introduce a "modern and intuitive user interface" and high-speed channels for file uploads, among other changes.
September 29, 2021The APIs aggregate financial statement data and make corporate disclosures quicker and easier for developers and third-party services to use
August 23, 2021The revised guidelines enhance consumer data protections. MyData businesses will begin offering services via standardised APIs from 1 December 2021.
August 5, 2021AI and machine learning make it easier for firms to spot suspicious behavior and reduce false positives, but adoption is not without challenges, says Ashish Rai.
August 2, 2021