Hong Kong Fintech Supervisory Sandbox Pilot Conditions for Banks and Technology Firms
The HKMA Fintech Supervisory Sandbox allows banks and tech firms to pilot fintech initiatives with limited customers without full compliance with supervisory requirements.
About the Fintech Supervisory Sandbox
Launched by the Hong Kong Monetary Authority in September 2016, the Fintech Supervisory Sandbox (FSS) allows banks and their partnering technology firms to conduct pilot trials of fintech initiatives. These trials involve a limited number of participating customers and do not require full compliance with the HKMA’s supervisory requirements.
FSS 3.1 Pilot
To enhance the sandbox, the HKMA collaborated with Hong Kong Cyberport Management Company Limited (Cyberport) to pilot FSS 3.1, another funding track, in October 2022.
Qualifying FSS 3.1 Pilot projects must have a bank in Hong Kong as a project sponsor.