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Hong Kong and Australian fintech associations sign new partnership

The FinTech Association of Hong Kong (FTAHK) and FinTech Australia have signed a memorandum of understanding designed to strengthen the ties between the two bodies.

Under terms of the agreement, FTAHK and FinTech Australia will “support businesses seeking investment, partnerships and/or entry into each other’s markets”, increase investment by VCs into companies in each other’s markets and encourage “greater regulatory harmonisation”.

“Partnerships like this are critical to ensuring the sustained success of the global fintech industry,” said Musheer Ahmed, general manager of FTAHK. “The ties between Hong Kong and Australia have historically always been strong and we look forward to improving them still further.”

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Danielle Szetho, chief executive officer of FinTech Australia, added: “Hong Kong and Australia have highly complementary fintech industries, each with growing Blockchain, RegTech, Data/AI and Cyber Security capabilities.

“This agreement will build on our strong ongoing relationship as we support each other in helping local participants in both markets. We look forward to working together to ensure the continued success of fintech.”

FTAHK signed three memoranda of understanding in October 2017, with associations in Singapore, Taiwan and Switzerland.

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