Hong Kong Government Sets Up Fintech Sandbox

Hong Kong’s regulator observed that more fintech initiatives were being explored by the banking industry.

arthur-yuen
Arthur Yuen, deputy CEO of the Hong Kong Monetary Authority: "We see the need for a supervisory arrangement with greater flexibility to enable AIs to conduct more timely live tests of these initiatives before their formal launch."

The Fintech Supervisory Sandbox (FSS), he said, is catered to and for fintech and other technology initiatives of authorized institutions (AIs).

He notes that the regulator has observed more of these initiatives being implemented or considered by the banking industry.

"We see the need for a supervisory arrangement with greater flexibility to enable AIs to conduct more timely live tests of these initiatives before their formal launch. This will enable AIs to gather real-life data and user

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