Close this search box.

We are creating some awesome events for you. Kindly bear with us.

HK signs agreement to develop RegTech network

The regtech committees of the fintech associations of Hong Kong, Singapore and Japan have jointly launched the ‘APAC RegTech Network’, an initiative to enhance cross-border collaboration on regtech education and implementation across the Asia Pacific region.

Under the initiative, the regtech committees of the FTAHK (Fintech Association of Hong Kong), SFA (Singapore Fintech Association) and FTJ (Fintech Association of Japan) will jointly convene regular meetings, and increase dialogue and information exchange to combat financial crime.

The APAC RegTech Network was launched on 30 May 2019, in conjunction with the launch of the SFA’s regtech sub-committee, chaired by the CEO and co-founder of two major regtech firms.

The SFA has also signed an MoU with Australia’s RegTech Association to better engage with the regtech ecosystem in the region.

FTAHK’s regtech committee has been active since the association was launched nearly two years ago. It convenes monthly meetings, regularly organises curated demos from regtech firms, and has co-organised the first legal tech and regtech hackathons in Hong Kong.

The aim is to stay vigilant. As digital transformation grows more advanced with ever-increasing velocity, innovation in regulatory technology is also a result of this.

The aim is to operationalise already executed MOUs through focused cross-border engagement. The committees will start with periodic online meetings between the regtech committees, aimed at fostering education and implementation of regtech through sharing insights on regulatory developments and emerging technology solutions.

Other regtech committees from other associations have been encouraged to join, as the aims are to grow its network and work together to combat financial crime across the APAC region.

The launch of the APAC RegTech Network follows other initiatives aimed at boosting cross-border collaboration in fintech development, such as the GFIN (Global Financial Innovation Network).

The GFIN is a global “sandbox” launched this year to facilitate cross-border testing of fintech and regtech offerings. Eight firms have so far passed the initial screening under the initiative.

Also launched this year was the ‘Asia-Pacific FinTech Network’, which included MOU signatories from nine fintech associations – the FTAHK, SFA, FTJ, and associations from Australia, Malaysia, Philippines, Taiwan, Thailand and MENA.

Within Hong Kong, itself regtech innovations have been in the process for a while now.

In October 2018, OpenGov Asia reported that in order to help develop a regtech ecosystem, the Hong Kong Monetary Authority will open a fintech “supervisory ‘sandbox’ to regtech projects or ideas raised by banks and technology firms, expected to be effective soon.

The sandbox – a highly controlled environment used to test unverified ideas – will allow the banks and their technology partners to conduct pilot trials of newly developed technology, without the need for full compliance.

The development and use of regtech by banks to achieve regulatory compliance and automate risk management has grown in recent years.

The use of regtech for surveillance, in particular, has grown rapidly as part of anti-money-laundering and anti-terror financing measures.

The HKMA initiatives will also spearhead the use of regtech for prudential risk management, as well as the use of technologies related to machine-readable regulations and supervisory processes and activities.

The deputy chief of HKMA said that the number of suspicious transactions reported by Hong Kong banks had grown on average by 40 per cent annually over the past five years; some banks were using machine learning and artificial intelligence to help detect suspicious behaviour and patterns, which had freed up analysts to focus on high-risk cases.

In this way, Hong Kong and nations across the APAC region are investing more resources into the development of better regulatory technology to help combat cyber and financial crime.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.