TOKYO—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, OpenGov reported.
FTAHK’s regtech committee has been active since the association was launched nearly two years ago. It convenes monthly meetings, regularly organizes curated demos from regtech firms, and has co-organized 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,” OpenGov said.