Innovation and Technology Commission supports launch of Fintech Supervisory Sandbox 3.0 by Hong Kong Monetary Authority
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Under the arrangement, the HKMA will be the trial organisation for such projects. Eligible local technology firms may apply for funding if the trial projects are assessed to have the potential to support the HKMA's regulatory and supervisory work in areas such as regtech and cybersecurity, or related to and can enhance the HKMA's infrastructure projects under the "Fintech 2025" strategy.
The PSTS is one of the 17 funding schemes under the Innovation and Technology Fund (ITF) administered by the ITC. It seeks to support public sector organisations to try out new technologies or products developed from ITF-funded research and development (R&D) projects and by eligible technology companies with a view to helping relevant enterprises and organisations apply local R&D outcomes and enhance their prospects of realisation and commercialisation. More information about the PSTS can be found on the ITF website (www.itf.gov.hk/en/funding-programmes/facilitating-technology/psts/index.html).
Ends/Wednesday, November 3, 2021
Issued at HKT 11:00
Issued at HKT 11:00
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