Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
August 27, 2021Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.
June 29, 2021The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021Phase 3 and 4 API functions will be implemented progressively by 28 participating banks starting from December 2021, the HKMA says.
May 14, 2021The new system should be able to process SWIFT FIN messaging under ISO 20022 as well as the existing SWIFT MT throughout a three-year coexistence period.
May 26, 2020