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Fintech Adoption and Innovation in the Hong Kong Banking Industry

The report offers insights on Fintech adoption in the Hong Kong banking industry and its implications for the industry, markets and regulators. The survey for example revealed that 51% of incumbents and 38% of virtual banks have formed partnerships with fintechs, such as through internal accelerators, innovation labs, or incubator programs. Regulatory landscape as well as management and culture remain to be challenges in these partnerships.

 

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