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With multiple regulators, Hong Kong faces challenges in developing shared KYC utility

Given that Hong Kong’s financial services industry is overseen by a number of regulators, a know-your-client (KYC) specialist believes that the development of a common KYC platform will be a relatively difficult undertaking in the city. While regulators have previously announced plans to launch a common application programming interface (API) for the banking industry later this year, no official notice…

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