1、 Fintech Adoption:Progress and Future Directions July 2025 2 Executive Summary As part of its Fintech 2025 Strategy launched in June 2021,the Hong Kong Monetary Authority(HKMA)has made significant strides in promoting Fintech adoption across the banking sector through the“All Banks Go Fintech”initia

2、tive.This report presents the progress achieved and outlines future directions to further advance Hong Kongs position as a leading Fintech hub.In June 2022,the HKMA completed a Tech Baseline Assessment to evaluate the current and planned adoption of Fintech by Authorized Institutions(AIs).This asses

3、sment established a foundational understanding of Hong Kongs Fintech landscape and identified a strong commitment to digital transformation across the industry.The results highlighted Regtech,Paytech and Lendingtech as the most mature areas,while identifying growth opportunities in Greentech,Wealtht

4、ech,Insurtech,Artificial Intelligence(A.I.)and Distributed Ledger Technology(DLT).Building on these insights,the HKMA embarked on a cross-sectoral Fintech promotion journey.This cross-sectoral initiative has successfully driven digital transformation across the local financial sector through collabo

5、ration with the Securities and Futures Commission(SFC),the Insurance Authority(IA),the Mandatory Provident Fund Schemes Authority and industry associations.These collaborative efforts have produced joint research publications and cross-industry events such as the FiNETech series and a collection of

6、training modules,further strengthening the ecosystem approach to Fintech development.Following the implementation of these promotional initiatives,the HKMA conducted a comprehensive Tech Maturity Stock-take in January 2025.This assessment reveals several key findings about the current state of Finte