Hong Kong Monetary Authority Releases New Fintech Promotion Roadmap for Next 12 Months with Focus on 5 Businesses: Wealthtech, Insurtech, Greentech, A
Hong Kong | Leading Financial Centre in Asia Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion. 
Hong Kong Monetary Authority Releases New Fintech Promotion Roadmap for Next 12 Months with Focus on 5 Businesses: Wealthtech, Insurtech, Greentech, Artificial Intelligence & Distributed Ledger Technology 1st September 2023 | Hong Kong
The Hong Kong Monetary Authority (HKMA) has released a new Fintech Promotion Roadmap for the next 12 months with focus on 5 businesses – Wealthtech, Insurtech, Greentech, Artificial Intelligence (AI) & Distributed Ledger Technology (DLT). HKMA: “To implement the Roadmap, the HKMA will launch a series of activities in the coming 12 months, including 1) Establishing a Fintech Knowledge Hub which includes a new cross-sectoral directory of Fintech service providers and financial institutions to enhance accessibility of resources for various stakeholders in the Fintech ecosystem 2) Hosting more regular Fintech showcase events and roundtables to establish more in-depth communication among financial institutions and Fintech service providers 3) Organising interactive seminars and training sessions on the specific Fintech areas to encourage exchange of practical knowledge across different financial sectors, 4) Publishing use case videos and research reports to provide insights into a wider range of practical considerations across the entire Fintech adoption lifecycle.” More details about the Roadmap and the HKMA’s upcoming initiatives can be found in the report.
“ Hong Kong Monetary Authority Releases New Fintech Promotion Roadmap for Next 12 Months with Focus on 5 Businesses: Wealthtech, Insurtech, Greentech, Artificial Intelligence & Distributed Ledger Technology “
- Article continues below - Quick Links, Ads & Announcements Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle Sign Up Basic Member: $5 Monthly | $60 Yearly Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680) The 2023 Investment Day | 5/9 HK & 12/9 SG Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 5th Sept 2023 in Hong Kong, 12th Sept 2023 in Singapore. Visit | Register here The 2023 Family Office Summit | 25/10 HK & 7/11 SG Join 100+ single family offices & family office professionals in Hong Kong & Singapore Links: 2023 Family Office Summit | Register here
Arthur Yuen, Deputy Chief Executive of the HKMA: “As we continue to promote the adoption of Fintech under the ‘All banks go Fintech’ initiative, this new Fintech Promotion Roadmap announced today marks a significant step not only for the banking sector but for the financial services industry as a whole. It demonstrates the financial regulators’ dedication to innovate as we accelerate our drive to become a leading Fintech hub. The overarching approach of the Roadmap revolves around cultivating collaboration. It extends beyond banking, encompassing areas such as insurance, wealth management, and capital markets activities. Through close collaboration with the other financial regulators and on-going engagement with stakeholders, we are committed to building a sustainable and inclusive Fintech ecosystem in Hong Kong.”
HKMA Fintech 2025 Strategy – As part of the HKMA’s “Fintech 2025” strategy, the “All banks go Fintech” initiative was launched in 2021 to encourage banks to fully digitalise their operations. A key component of the initiative was a Tech Baseline Assessment that took stock of banks’ current and planned adoption of Fintech in the coming years. Based on the results of the assessment published in June 2022, the HKMA decided to formulate a roadmap with the aim of further promoting developments in the Fintech business areas of Wealthtech, Insurtech and Greentech as well as the technology types of AI and DLT, recognising the substantial potential for further growth exhibited by these areas. The HKMA formulated the new Fintech Promotion Roadmap (Roadmap) with the help of external consultants. The external consultants have undertaken extensive research and consultation with financial institutions, industry associations and Fintech solution providers to identify key challenges facing these stakeholders. The findings indicate that awareness is no longer a major hurdle to Fintech adoption. The Roadmap developed by the external consultants therefore focuses on providing practical guidance specific to the identified Fintech areas and technologies. More details about the Roadmap and the HKMA’s upcoming initiatives can be found in the report.
Hong Kong Monetary Authority Releases New Fintech Promotion Roadmap for Next 12 Months with Focus on 5 Businesses: Wealthtech, Insurtech, Greentech, Artificial Intelligence & Distributed Ledger Technology
Hong Kong | Leading Financial Centre in Asia 25th August 2023 – The Hong Kong Monetary Authority (HKMA) published today (25 August) a new Fintech Promotion Roadmap (Roadmap), outlining the key initiatives that it will undertake over the next 12 months to give further impetus to Fintech adoption in the financial services industry.
The new Roadmap focuses on the Fintech business areas of Wealthtech, Insurtech and Greentech as well as the technology types of Artificial Intelligence (AI) and Distributed Ledger Technology (DLT). Given the relevance of these key Fintech areas to the wider financial services sector, the HKMA worked closely with the Securities and Futures Commission and the Insurance Authority as well as key stakeholders across different financial sectors during the formulation of the new Roadmap. Following the Roadmap, the HKMA will expand its scope of promotion beyond awareness-raising and take proactive steps to assist financial institutions to put Fintech solutions into action.
To implement the Roadmap, the HKMA will launch a series of activities in the coming 12 months, including:
- establishing a Fintech Knowledge Hub which includes a new cross-sectoral directory of Fintech service providers and financial institutions to enhance accessibility of resources for various stakeholders in the Fintech ecosystem;
- hosting more regular Fintech showcase events and roundtables to establish more in-depth communication among financial institutions and Fintech service providers;
- organising interactive seminars and training sessions on the specific Fintech areas to encourage exchange of practical knowledge across different financial sectors; and
- publishing use case videos and research reports to provide insights into a wider range of practical considerations across the entire Fintech adoption lifecycle.
You are:
InvestorProfessionalFamily OfficeExecutive
Select:
SubscriptionMembershipEvents
Interests / Events / Summits / Roundtables / Networking:
Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Country
New to Caproasia Learn More | Sign Up | Subscribe | Register Events Caproasia Users - Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
- Professional Investor
- Family Office
- HNW Partnership
- Family Office Circle
- Family Office Networking
- Family Office Roundtable
- The Family Office Summit
- 28th March 2023 - Hong Kong
- 4th April 2023 - Singapore
- April 2023 - Virtual
- 6th June 2023 - Hong Kong
- 13th June 2023 - Singapore
- Sept 2023 - Hong Kong
- Oct 2023 - Singapore
- Oct 2023 - Hong Kong
- Visit: The Investment Day | Register: Click here
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.