The Hong Kong Monetary Authority promotes banks to open APIs, including virtual banks

According to ChainCatcher, the Hong Kong Monetary Authority is promoting open APIs between banks, with 28 banks participating in Hong Kong's open API initiative, including 3 note-issuing banks, small and medium-sized banks, and virtual banks. The Monetary Authority hopes the industry can resolve the technical issues (Defects) encountered in integration before September, aiming to officially launch the Inter-Bank Account Data Sharing (IADS) platform for customer data sharing by the end of this year.