Hong Kong accelerates open banking ambitions

The Hong Kong Monetary Authority (HKMA) has released its Open Application Programming Interface (API) framework to prepare the region for open banking.

“One small step for a bank …”

This will follow from September 2017, when HKMA presented its “Open API”, one of seven initiatives to improve its banking scene.

In the final chapter, the HKMA says that Open API can help “ensure the competitiveness of the banking sector, encourage more parties to …

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