HKMA launches fintech supervisory chatroom

It seeks to provide early-stage feedback on fintech proposals.

The Hong Kong Monetary Authority (HKMA) launched the Fintech Supervisory Chatroom last November 28 in an effort to provide early-stage feedback to authorised institutions and technology firms on their fintech proposals.

According to a press release, the chatbox aims to expedite the rollout of technology applications.

Through the chatroom feature, firms can gain access to the fintech facilitation office and banking departments of HKMA and can even request for video conferences with the HKMA.

The chatbox is a new feature of the Fintech Supervisory Sandbox, a programme that allows banks and tech firms to conduct pilot trials of their fintech initiatives.