Dubai and Hong Kong Sign Agreement to Promote Cross-Border Fintech Innovation

Dubai Financial Services Authority (DFSA) has signed two new agreements with Hong Kong’s regulators to collaborate on fintech innovation.

According to reports, DFSA signed bilateral agreements with Hong Kong’s Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA), to share information sharing and referrals of fintech innovation.

Ian Johnston, chief executive of the DFSA, said in a Thursday statement:

Our Agreement with the authorities in Hong Kong is indicative of the importance we place on maintaining a close relationship with Hong Kong’s financial services regulators. The signing of these agreements in FinTech is a natural next step to the collaboration we have in regulating traditional financial services.

Read more at Finextra and Mondovisione

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