STP, Service Road North, I-9/3, Islamabad, Pakistan
+92 51 4102171-2
+92 51 41021713

Hong Kong Central Bank Sees Potential in Blockchain Technology

AML challenges for FINTECH

Distributed ledger technology (DLT), also referred to as blockchain technology, could benefit both customers and banks by providing better banking services to users, while helping financial institutions offer services of greater security, quality and efficiency, according to a report by the Hong Kong Applied Science and Technology Research Institute (ASTRI).

Commissioned by the Fintech Facilitation Office (FFO) of the Hong Kong Monetary Authority (HKMA), the report aims to carry out an in-depth examination of the technology and identify possible applications of DLT to banking services.

As part of the research, ASTRI reached out to several banks and industry players including HSBC, Standard Chartered Bank and the Bank of China (Hong Kong) to share their experience, insights and assessments related to the use of DLT in their businesses.

For more on this story visit the following link: Hong Kong Central Bank Sees Potential in Blockchain Technology

Source: Fintech

Related Posts

Share Your Thoughts

%d bloggers like this: