HKMA Launches RegTech Hub with Look at FX Settlement, Credit
Posted by Colin Lambert. Last updated: April 27, 2022
The Hong Kong Monetary Authority (HKMA) has launched a RegTech Knowledge Hub, to encourage greater sharing of Regtech adoption experience and expertise within the Regtech ecosystem in Hong Kong. The establishment of the Hub forms part of the HKMA’s two-year Regtech promotion roadmap announced in November 2020 to promote Regtech adoption. 
The Hub provides an online platform for the Regtech community, including banks and technology providers, to share success stories and implementation experience.
The Hub’s launch is accompanied by three Regtech use cases, the first of which is a Digital Ledger Technology-based FX settlement solution that helps to reduce FX settlement risk. The solution is based upon HSBC’s FX Everywhere.
The other use cases are alternative credit risk assessment solutions for small and medium-sized enterprises enabled by API and federated learning, and AI solutions for corporate loan credit risk assessment.
Apart from sharing industry use cases, HKMA says the Hub also acts as a central repository of its Regtech-related information, including past circulars, guidance papers, and research reports.
