Hong Kong banks are applying to use a new sandbox to test "biometric authentication of securities trading", according to Hong Kong Monetary Authority CEO Norman Chan. The move is part of the bank's efforts to improve its ability to detect and prevent money laundering through digital transactions.
Hong Kong banks are applying to use a new sandbox to test "biometric authentication of securities trading", according to Hong Kong Monetary Authority CEO Norman Chan. Two establishments have already made use of the new regulatory regime, introduced in September, with others discussing its use for blockchain and artificial intelligence.