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Open Banking in Hong Kong: An Introduction
The Hong Kong Monetary Authority (HKMA) published a framework and an implementation plan to develop an Open API for the banking industry in Hong Kong in 2018. We have summarized what has happened since, and what to expect in the near future in Hong Kong in terms of Open Banking.
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The Hong Kong Monetary Authority (HKMA) announced the implementation plan for Phases III (Account Information) and IV (Transaction) of the Open Application Programming Interface (Open API) framework on 13 May 2021: https://www.info.gov.hk/gia/general/202105/13/P2021051300216p.htm