Hong Kong – Wizpresso, a leading innovator in the fintech sector, is excited to be featured in the Hong Kong Monetary Authority’s (HKMA) latest promotional video about the FinTech Supervisory Sandbox 3.1 (FSS3.1). The FSS3.1 marks a significant opportunity for fintech companies to collaborate, innovate, and refine their solutions in a controlled regulatory environment.
The FinTech Supervisory Sandbox allows companies to test their products and services while ensuring compliance with regulatory standards. This unique environment fosters innovation and supports the growth of fintech solutions that can enhance financial services in Hong Kong and beyond.
In the video released on YouTube, industry leaders and representatives from various fintech companies share their insights on the benefits of the sandbox. Participants discuss how this initiative not only accelerates the development of new technologies but also strengthens the overall fintech ecosystem in the region.
“Wizpresso is proud to be part of this transformative initiative,” said Calvin Cheng, Founder & CEO of Wizpresso. “The FinTech Supervisory Sandbox 3.1 provides an invaluable platform for us to innovate while ensuring that we adhere to the highest standards of regulatory compliance. We believe that our participation will contribute to the evolution of financial services in Hong Kong.”
Wizpresso, along with other participating fintech companies, is committed to leveraging the sandbox to explore new technologies, improve customer experiences, and foster financial inclusion. The collaboration among industry players is expected to lead to groundbreaking solutions that meet the needs of consumers and businesses alike.
See the full video: https://www.youtube.com/watch?v=8k4WFlQySns
About The Hong Kong Monetary Authority (HKMA)
The Hong Kong Monetary Authority is the central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organization reports directly to the Financial Secretary and has four main functions:
- maintaining currency stability within the framework of the Linked Exchange Rate System;
- promoting the stability and integrity of the financial system, including the banking system;
- helping to maintain Hong Kong’s status as an international financial centre, including the maintenance and development of Hong Kong’s financial infrastructure; and
- managing the Exchange Fund.