Hong Kong Monetary Authority: The problem of open API between banks needs to be resolved before September, including virtual banks

Odaily Planet Daily News Hong Kong Monetary Authority in order to promote the open application programming interface (API) between banks and banks, it is hoped that the industry can solve the technical difficulties encountered in the integration before September, and strive to officially launch the inter-bank customer data sharing platform before the end of this year ( Inter-Bank Account Data Sharing, referred to as IADS). It is reported that there are 28 banks participating in the Hong Kong Open API, including 3 note-issuing banks, small and medium-sized banks and virtual banks. The Hong Kong Monetary Authority has asked banks to provide a more specific timetable for progress, but it remains to be seen whether a further announcement can be made during this year's Hong Kong Fintech Week (October 30-November 5). (Letter)