The rapid advancement of regulatory technology (Regtech) in Hong Kong has solidified its position as a leading global financial hub, despite the escalating operational costs and regulatory burdens brought by complex digital crimes and money laundering. This progress is further accelerated by the growth of digital banks and fintech startups, propelling innovation in banking and finance.
Leveraging Hong Kong's competitive edge, industry players are embracing advanced technologies to deliver secure, efficient, and cost-effective services. Market projections indicate that the global Regtech sector will reach $19.5 billion by 2026. However, the challenges of talent scarcity and low recognition of Regtech require attention.
To facilitate data sharing and address the challenges, HKUST Business School conducted two comprehensive research studies, which provide valuable insights and actionable recommendations for policy and strategy development in the Regtech sector.