HKMA launches a Fintech Promotion Blueprint under its Fintech 2030 strategy, advancing AI-driven banking innovation, distributed-ledger technology, stronger data governance, and cyber-resilience

The plan includes four flagship initiatives a Quantum Preparedness Index, a new risk-data strategy, a fintech cybersecurity baseline, and industry-wide skills development support designed to strengthen risk management, supervision, and collaboration across Hong Kong’s...

EBA’s 2025 Opinion on ML/TF risks flags 61% of breaches stem from weak risk frameworks and outdated due diligence, while poor RegTech deployment and governance gaps heighten vulnerabilities

The report highlights that many fintech firms still prioritise growth over robust AML/CFT controls, and although residual risks in traditional sectors like banking have improved, product‑ and service‑level risks are now overtaking customer risks. Calling for stronger...