Just 25% of private banks/wealth managers have implemented a minimum of one regtech solution, according to a white paper by the Hong Kong Monetary Authority (HKMA), while the average figure for surveyed banks is 32%. The top barriers for fintech adoption remain limited resources and/or unfit business scale, say both banks and fintech vendors. The banking regulator announced the launch…
One in four Hong Kong PBs, WMs uses at least one regtech solution: HKMA

The Hong Kong Monetary Authority
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