As to further promote the use of RegTech in AML, HKMA and Cyberport jointly organized, supported by Deloitte the second AML RegTech Lab (AMLab), which is part of the HKMA's "FinTech 2025" strategy. Building on the first session held in last year November, the second AMLab brought banks and technologists together to focus on low-barrier, easy-to-implement solutions. “Enabling Technologies” such as RPA, low-code / no-code platforms and visualization tools allow automation of repetitive and time-intensive AML processes.
A new RegTech Connect session was also held, where Cyberport technology companies demonstrated a range of tools and services which offer innovative AML RegTech solutions.
FCCA was invited to join AMLab again to provide technology sharing and suggestions to resolve the pain point of the banks. Also, we have presented different use cases for the banks to improve and increase efficiency and effectiveness of compliance operation.
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