The Alliance seeks to provide a non-governmental platform for international collaborative efforts by central banks and monetary authorities, financial regulators, professionals and technology experts to strengthen systemic stability and market security.

ABOUT

Established in Hong Kong, the non-profit Alliance for Financial Stability with Information Technology (AFS-IT) is conceived of as an autonomous platform for industry professionals primarily to identify, map, evaluate and address digital challenges to the stability of financial systems by exploring and applying practical technology solutions.

A focal point is the promotion and strengthening of standards, processes and arrangements to counter money laundering, illicit transfers, terrorist funding and to reinforce cyber-security so as to ensure the robustness and cyber-resilience of digital and mobile financial transactions, whilst minimizing inconvenience to the consumer and intermediaries

FOUNDERS

Mr.Anthony Neoh
Honorary Chairman

Mr.Anthony Neoh accepted the invitation by PRC Premier Zhu Rongji to be Chief Advisor to the China Securities Regulatory Commission in September 1998. Prior to that, he was Chairman of the Hong Kong Securities and Futures Commission and the Technical Committee of the International Organisation of Securities Commissions. Mr Neoh served as a member of the Hong Kong Stock Exchange Council and its Listing Committee, and chaired its Disciplinary Committee and Debt Securities Group.

Mr. Andrew Sheng
Co-chair

Mr.Andrew Sheng is well known in global financial circles as a former central banker and financial regulator in Asia and a commentator on global finance. He is the Chief Adviser to the China Banking Regulatory Commission, a Board Member of Khazanah Nasional Berhad, Malaysia, a member of the International Advisory Panel to the Australian Treasury’s Financial System Inquiry, and an advisor to the United Nations Environment Program Inquiry into the Design of a Sustainable Financial System.

Mr.Teng Lin Seng, Anselmo
Co-chair

Mr.Teng joined the Monetary Authority of Macao (AMCM) in 1991. He was appointed as a member of the Board of Directors of AMCM in 1997. In 1999, he was appointed Chairman of the Board of Directors and had stayed in that position until his retirement in August 2017. Mr.Teng held other positions in bodies serving the community. He was previously a member of the Economic Development Committee of the Government of the Macao Special Administrative Region and a member of the Consultative Committee of Macao Pension Fund. He was also the President of the Assembly of the Institute of Financial Services of Macao, as well as the Chairman of the Audit Committee of the Institute of European Studies. Mr. Teng is also a fellow of the Hong Kong Institute of Bankers.

Ms.Clarie Lo
Co-chair

Ms Clarie Lo is currently a Non-official Member of the Basic Law Promotion Steering Committee and its Convener of the Working Group on Industrial, Commercial & Professional Sectors, Member of the Disciplinary Committee of the Financial Dispute Resolution Centre, Counsellor of the China-United States Exchange Foundation (formerly its Founding CEO), and Director of Board of private companies. She was the former Commissioner of Narcotics and former Deputy Secretary for Financial Services and the Treasury of the HKSAR Government and former Executive Director of a listed bank in Hong Kong. Ms Lo has extensive experience in leadership position in the government, non-profit and private corporations, especially in financial services, international relations, trade & investment and housing arenas. She was selected as the 13th President of the inter-governmental Financial Action Task Force (FATF), the leading global organisation working to formulate standards to address money laundering and terrorist financial issues.Currently she also chairs and sits on a number of NGO Boards.

LATEST EVENTS

Financial Stability and FinTech Forum 2018

Date: 8-9, May 2018

Venue: Mandarin Oriental, Hong Kong

Theme: Towards a Safe and Secure Future for FinTech in Asia: the Crucial Role of Standards and RegTech

Congratulatory Message

9 May 2018
  • "The creation of AFS-IT is a commendable effort and a step in the right direction to contribute to maintaining systemic stability in the region and around the world. The National Bank of Cambodia fully supports the visions and ambitions of the Alliance, and we hope to work closely together on this informal platform in the future. "
    —— H.E. Chea Serey, Assistant Governor, National Bank of Cambodia
  • "Autoriti Monetari Brunei Darussalam (AMBD) recognizes the increasing role of technology in today’s world of financial services. We look forward to participating in this forum which brings together the various players in the FinTech ecosystem."
    —— Mr Zaki Mohidin, Head of Fintech, Autoriti Monetari Brunei Darussalam
  • "Please accept my sincere congratulations and gratitude for inviting me to witness the set-up of the Alliance for Financial Stability with Information Technology which is a great initiative for connecting international collaboration with regard to financial stability in the cyber era."
    —— Ms Phothichanh Thammatheva, Deputy Director-General of Banking Supervision, Bank of Laos
  • "The Bank of Thailand would like to express our warm gratitude for inviting us to the AFS-IT Forum. We recognize the potential and power of technologies to increase the efficiency and opportunities in the financial world. The collaboration and standardization will be factors to enhance the connectivity, strengthen the risk management and safeguard the financial stability."
    —— Bank of Thailand
  • "The Bangko Sentral ng Pilipinas (BSP) congratulates and commends the AFS-IT for establishing a new avenue for central bankers, financial authorities and regulators as well as technology experts to exchange insights and experiences about FinTech, including on its policy implications for financial stability. The BSP is pleased to be part of this milestone event and wishes the AFS-IT all the best in its endeavors."
    —— Ms Maria Almasara Cyd N. Tua?o-Amador, Deputy Governor Bangko Sentral Ng Pilipinas

LATEST NEWS

AFS-IT attended the APG 2021 Virtual Annual Meeting in July 2021

Joint Alliance for Financial Stability with Information Technology (AFS-IT) andAsia/Pacific Group on Money Laundering (APG) Virtual Workshop on Digital ID and e-KYC,3-4 February 2021

learn more >>

VALUES

The Alliance is committed to the following fundamental values in all its activities:

Cooperation

As a collaborate body, the Alliance conducts its business and makes significant decisions on the basis of consensus. Mutual respect is therefore critical to achieve cooperation and efficiency that can endure

Accountability

Accountability to highest international standards of governance, and to the Alliance's own rules of procedure, is of paramount importance

Transparency

The Alliance will be rigorous about ensuring and disclosing that all of its resources are deployed towards developing its networks and advancing its agreed programme of activities

PARTNERS

In achieving its mission, the Alliance aims to collaborate with target partners and affiliates, both regional and global, from the following sectors and to leverage complementary expertise and shared knowledge.

Financial Services Institutions-Banks-Industry Associations
Universities Research Institutes & Think Tanks
Policymakers
Regulatory & Supervisory Agencies (Including international standards bodies & regulatory institutions)
Financial Service Providers & Fintech Innovators

CONTACT

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