All posts tagged "Faster Payment System"
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709FeatureHKMA Chief of Ten Years Set to Retire in September
Norman Chan will leave behind a healthy banking industry with strong capital ratios and low bad debt levels. A selection panel will identify the HKMA's next chief.
February 22, 2019 -
533Capital RegulationIMF Commends Hong Kong for Strong Buffers, Robust Policy Frameworks
Years of prudent macroeconomic policies and robust financial regulation and supervision will help Hong Kong weather possible domestic and external shocks, the IMF says.
December 12, 2018 -
752AML / KYCHKMA Refines Bank-to-SVF Direct Debit Process to Prevent Fraud
Banks and stored value facility operators are asked to adopt a 'refined process' in setting up direct debit authorisations to top-up e-wallets following last week's fraud reports.
October 29, 2018 -
571Fintech / Regtech
HKMA Suspends E-wallet Auto Top-Up Service Amid Fraud Reports
Approximately HKD 180,000 was stolen from customers just three weeks after the launch of a service allowing automatic top-ups of e-wallets by direct debit from bank accounts.
October 26, 2018 -
1.6KAML / KYC
HKMA Outlines Regtech Initiatives – Speech
The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.
September 28, 2018 -
338FeatureHong Kong Work Plan Includes Incentives for Fund Industry
Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.
April 20, 2018
