Fintech-Banking Collaboration Using Open API – A Glimpse at Mainland and Hong Kong

In this panel, we have invited leaders from the regulator, commercial bank and technology research institute to explore this fintech topic with the participants. HKMA has been a long time advocator of smart banking initiatives, especially in the area of Open Application Programming Interface (API). Hang Seng Bank (China) has leveraged on Open API to facilitate collaboration with fintech companies in the mainland. ASTRI has also developed secured portals for third party service providers to access clients’ bank systems with client authorization.

Through our panel discussion, we would investigate how a technology research institute can provide a secured environment for the related parties to access the Open API, how a commercial bank can benefit from this tool to facilitate bank-fintech collaboration, while understanding and meeting customer needs, and how the regulator can foster an innovative and collaborative habitat and at the same time manage the risk in various aspects. We will also compare how such development goes in the mainland and Hong Kong markets.

Panellists:
Mr. Terry Chan, Senior Manager, Hong Kong Monetary Authority (HKMA)
Mr. Alan Cheung, Senior Director, Applied Science and Technology Research Institute (ASTRI)
Mr. Andrew Lim, Head of IT, Hang Seng China

Moderator:
Prof. Raymond Tsang, Associate Professor of Practice / Career Advisor., Centre for Financial Engineering, CUHK

Date : 19 July 2022 (Tue)
Time : 5:30 – 6:30p.m.
Language : English
Venue : Online via zoom