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HKMA asks banks to provide fintech plans

The Hong Kong Monetary Authority (HKMA) has requested that licensed banks in Hong Kong participate in its so-called Tech Baseline Assessment — a component of HKMA’s “Fintech 2025” strategy unveiled earlier this month — in order to facilitate the adoption of fintech in the industry. The Tech Baseline Assessment is designed to help the regulator identify those fintech areas or…

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