Qomply Expands to Hong Kong

Supporting APAC Firms Amidst Regulatory Rewrites and “Fintech 2025” Push

03 March 2026

Qomply continues their global expansion with the establishment of a Hong Kong office to support APAC financial institutions after a series of transaction reporting rewrites from HKMA, MAS, and ASIC. As regulators shift to stricter enforcement focused on data accuracy, reporting completeness, timeliness, and governance, Qomply’s automated solutions help firms strengthen data quality and reduce regulatory risk across regimes.

Qomply is delighted to announce the opening of its new office in Hong Kong. This strategic move follows Qomply’s successful expansion into the United States last year to service North American firms. It reinforces the Qomply's commitment to providing local, "boots-on-the-ground" support for institutions managing multi-jurisdictional reporting requirements. The expansion places a dedicated Qomply presence in the region to support financial firms in navigating a wave of regulatory changes, including recent updates from the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), and the Australian Securities and Investments Commission (ASIC).

Addressing the Global Wave of Rewrites

Michelle Zak, Co-Founder of Qomply, observes "The last two years have delivered the most intense cycle of transaction reporting rewrites the industry has seen in a decade. APAC has been at the forefront of this shift, with ASIC and MAS implementing extensive OTC derivatives reporting rewrites, followed closely by the HKMA’s own update in late 2025."

Simultaneously, Hong Kong’s "Fintech 2025" strategy is driving the digitisation of the financial sector. Qomply’s expansion directly supports this initiative by offering automated, scalable solutions that replace the manual, decentralised "patchwork" legacy systems that many firms struggle to maintain.

The End of "Quiet" Regulation

With the regulatory updates now live, the focus has shifted to enforcement. Regulators across jurisdictions are converging on the same core reporting failures: missing reporting, data inaccuracy, late submissions, and weak governance.

“The era of 'quiet' regulation in APAC is over,” continues Zak. “Following the recent rewrites from HKMA and MAS, we are seeing a sharp increase in data quality reviews and scrutiny similar to what we’ve observed in North America and Europe. For firms operating across multiple jurisdictions, a disjointed approach to reporting is no longer sustainable. We established our Hong Kong office to provide boots-on-the-ground support for clients using our solutions to navigate the transition to stricter, data-heavy enforcement regimes.”

Strengthening Governance and Control

With regulators increasingly penalising weak systems and lack of oversight, the industry is shifting away from manual interventions toward automated, auditable frameworks. Qomply's APAC office will deliver solutions that align with reporting operations and the heightened governance standards expected by regulators across the region.

Key Takeaways

• Qomply establishes presence in APAC with new Hong Kong office aimed to provide local, “boots-on-the-ground” support for APAC firms amongst intensified transaction reporting change and enforcement.
• APAC has completed a reporting rewrite cycle, with extensive OTC derivatives reporting reforms across ASIC and MAS, followed by HKMA updates implemented in late 2025.
• Enforcement focus has shifted to data quality and governance, with regulators converging on common failures: missing reports, inaccurate data, late submissions, and weak oversight frameworks.
• Legacy “patchwork” reporting models are no longer sustainable as regimes become more data-heavy, requiring scalable controls rather than manual, decentralised fixes.