The Hong Kong regulator is not a hypocrite on banking plans

Hong Kong Phooey? No. Lots of plans here.

The Hong Kong Monetary Authority (HKMA) has unveiled a number of initiatives to improve the use of payments, APIs and innovation in the region.

In a speech at the annual banking conference of the Hong Kong Institute of Bankers, Norman Chan, Managing Director of HKMA, outlined her great ambitions.

Chan says, “Upgrading our banking system to a new and higher level of smart banking is not just something …

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