A Summary of the new Hong Kong Open API Framework, and how it Compares with PSD2

Today, Open Banking is gaining increasing traction globally, through a combination of banks’ internal efforts, market initiatives, and regulations like the EU’s PSD2 and the UK’s CMA Open Banking. Now Hong Kong has also got on board, with the Hong Kong Monetary Authority (HKMA)’s launch of its draft Open API framework.

Sourced through Scoop.it from: www.finextra.com

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