HKMA Fintech Adoption in Banking
On May 20, HKMA issued report on fintech adoption and usage.
- Issued report on fintech adoption and innovation in the Hong Kong banking industry.
- Based on industry-wide survey to assess status of fintech adoption in banking industry and understand banks’ views on prospect of fintech development in the next 10 years.
- HKMA senior executive director Edmond Lau said that it is encouraging that banks see fintech development more as an opportunity than a threat to their business operations.
- 86% of banks have adopted or plan to adopt fintech solutions in financial services.
||PR 5/20/2020; Fintech
||Financial; Operations; Technology
|Reg. Last Update
Last substantive update on 05/21/2020