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HKMA: Presses ahead with phase III of Open API Framework

  • HKMA established on 1 April 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking
  • HKMA announced the implementation plan for Phases III (Account information) and IV (Transactions) of the Open API Framework
  • Following the implementation of Phases I and II of the Open API Framework in January and October 2019 respectively
  • The HKMA decided to adopt a progressive approach to implementing Phase III and IV API functions
  • The initial batch of API functions, covering deposit account information and online merchant payments
  • The HKAB also refine the current Common Baseline document to include the scope of Open API Phase III and IV implementation
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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