Hong Kong Partners With Singapore In Fintech Boost

October 25, 2017

NewsStandOnline.Net (25-October-2017): FINTECH ties between Singapore and Hong Kong have been given a shot in the arm with a new agreement which promises to strengthen cooperation and boost innovation in financial technology (fintech) between the two financial centres.

The first collaboration between the two will be a strategic project on trade finance cross-border infrastructure, to be based on distributed ledger technology.

Hong Kong Partners With Singapore In Fintech Development

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have also agreed to foster fintech development within the region.

They will also join forces on other fintech initiatives, facilitate referrals of innovative businesses, share information and exchange expertise.