HKMA Launches a Fintech Supervisory Sandbox (FSS)

Following Singapore’s lead in the race to become Asia’s leading Fintech hub, the Hong Kong Monetary Authority (HKMA) has launched a Fintech Supervisory Sandbox (FSS). The FSS aims to allow banks to pilot trials of Fintech and other technological initiatives in a controlled environment with a more flexible supervisory arrangement before they are launched on a fuller scale. Read more…