ComplianceFinanceJanuary 08, 2020

Digital Banking and the Shifting Competitive Landscape Lessons from Hong Kong

As Asia Pacific regulators seek to ensure resilience, competition and vibrancy in the banking sector, digital bank licensing regimes have been popping up across the region. Over the next two years, the resulting competitive dynamics are expected to shift, reshaping the banking industry.

Initiated by Wolters Kluwer, Regulation Asia recently hosted a private roundtable in Singapore to provide practical insights for future digital banks, drawing from the Hong Kong experience so far. Among the participants were some of the founders and senior executives from firms that have been considering – or are planning to apply for – a digital bank licence under the Monetary Authority of Singapore (MAS) regime announced in June 2019.

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