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Financial innovation continues to be at the heart of Hong Kong's development plans in 2020, and application programming interfaces (API) serve as the lifeblood of the emerging digital economy.
Our Open API Survival Guide 2.0 gives you key pointers on the latest developments and how API are reshaping the financial services landscape in Hong Kong. In this guide, we will review the Hong Kong Monetary Authority (HKMA)'s Open API Framework, with its "contractual model" for the regulation of API-driven collaboration in retail banking, and discuss the implications for private banking, commercial banking, securities and insurance. The guide is available here.
Authored by Mark Parsons, Tommy Liu, Katherine Tsang, Anthony Liu.