Banks with material SME business are expected to complete their technical connection to the CDI and [email protected] before the end of this year.
February 16, 2023The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.
October 25, 2022Vice chairman Kim So-young said the FSC will remove barriers that prevent financial services firms from making use of big data and AI technology effectively.
August 9, 2022The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.
June 14, 2022Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.
June 5, 2022Two banks and two bill finance companies have not been compliant with regulations aimed at limited credit flows to the real estate sector.
March 28, 2022New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
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, 2021The FSC will adjust the evaluation criteria it uses to assess banks' tech financing performance to promote more lending to innovative SMEs.
December 1, 2021The fine against Chongqing Fumin Bank was the largest ever against a privately owned bank. Two others were also penalised.
October 15, 2021