Local universities help foster financial technology development – EJ Insight


According to Hong Kong Monetary Authority’s study titled Reshaping Banking with Artificial Intelligence released at the end of last year, many banks in Hong Kong have adopted or plan to adopt artificial intelligence (AI) applications. However, one of the current obstacles is a lack of talent, which hindered the development.


「轉數快」鞏固港金融中心地位 – 信報財經新聞, StartUpBeat



自從香港金管局於兩年前發出首批儲值支付工具(SVF)牌照,以智能手機操作的電子支付便迅速發展。根據金管局的數字,今年第二季儲值支付交易總額逾410億元,按年上升近三成;總交易量約15億宗,按年升一成。近日,其中一家機構更宣布在不足一年半內吸納了100萬名客戶。 繼續閱讀

Solving the skills shortage in finance – Fintech Innovation



The over 50-year-old CEO of Vodafone Germany Hannes Ametsreiter has recently been learning how to write apps or coding with all his executives. He said that this is a skill that every Germany’s top executive should learn in order to “embrace digital". This is the mindset of striving for continuous improvement that enables Germany to maintain its leadership in advanced technology for centuries. 繼續閱讀

Hong Kong needs cooperation with China to become a talent hub – Harbour Times



A commentary in a local newspaper by retired People’s Bank of China (PBOC) governor Zhou Xiaochuan suggests Hong Kong should continue to be a testing ground in experimenting new regulatory approaches and technologies for China through which the government can identify measures for closing regulatory loopholes in the financial sector. 繼續閱讀

HK well-positioned to tap into RegTech opportunities – China Daily



The US subprime crisis has petered out over the past decade. Yet, its impact on the global financial markets is here to stay. The biggest effect was perhaps on the regulatory front. For example, financial institutions have paid over $150 billion in fines in the US as of mid-last year, and over 300 people, including community bankers, mortgage lenders, real estate brokers and developers were convicted as a result of misconducting during the financial crisis in 2007, according to the Financial Times. 繼續閱讀

Hong Kong can be the next RegTech hub – ejinsight



JPMorgan Chase, the largest US bank in deposit taking, committed 5,000 extra employees “to fix risk and compliance issues after a slew of investigations by regulatory authorities". HSBC also hired an additional 1,800 employees, making a total of 6,000 staff since the end of 2016 for its compliance operation. Similarly, Citi, another multinational financial institution, has engaged nearly 30,000 staff for internal control functions. 繼續閱讀

New business matching platform to nurture economic ecosphere – ComputerWorld Hong Kong



Have you ever wondered why Hong Kong as an international financial center is unable to produce even one financial technology (fintech) “unicorn"? That is: a startup with a valuation of over $1 billion. Meanwhile, mainland China has 17 unicorns with a total valuation exceeding $111 billion, according to Hurun Greater China Unicorn Index released last month. Two international consultants, KPMG and McKinsey, also confirmed China’s leading position in the global fintech arena. 繼續閱讀

New business matching platform to unlock Hong Kong’s startup potential through financing – Harbour Times



The Hurun Greater China Unicorn Index published last month by the Hurun Research Institute listed 120 “unicorn" startups with a valuation of at least US$1 billion (HK$7.8 billion) each, with a combined overall valuation exceeding three trillion yuan. 繼續閱讀

連結初創與投資者 香港應擔當中介促成生態圈 – 香港01



内地估值達10億美元的初創企業(又稱「獨角獸」)達80多間,佔全球同類初創的43%市值;其中金融科技(FinTech)的獨角獸總值高踞14個行業之首,超過7,000億人民幣。為什麽號稱與紐約、倫敦並列為國際金融中心的香港,卻成就不了揚名國際的金融科技獨角獸? 繼續閱讀