Looking at tomorrow's world
Virtual banking, wealthtech, open APIs – the latest edition of the Hong Kong FinTech Week took a close look at the future of financial technology.
Asia's most anticipated international fintech event of the year opened its gates from November 4 to 8. It brought together over 250 speakers, 150 exhibitors and 8,000 attendees from over 60 economies. More than just a showcase of emerging technology, the event also provided a platform for experts at the forefront of the industry to share insights on a range of topics, from emerging technology like virtual banking, virtual insurance, open APIs and cybersecurity to major regional developments, including collaboration in the Greater Bay Area and the evolution of fields such as regtech and wealthtech.
InvestHK, the HKSAR Government’s department responsible for Foreign Direct Investment, once again gathered together thousands of executives, entrepreneurs, investors and regulators from China, Asia and across the world to examine how tomorrow’s world of fintech will look like. There were ample opportunities to explore Asia's most innovative fintech destinations - Hong Kong, global financial centre, and Shenzhen, China's Silicon Valley. The so-called Shenzhen Day was one of the highlights of the FinTech Week, and also a good opportunity to travel to Shenzhen, located within 40 minutes’ drive from Hong Kong. On the final day of the week attendees had a chance to meet in person with executives of the most innovative TechFin companies based in Shenzhen.
Another big focus of 2019 Hong Kong FinTech Week was on emerging technologies and their applications in financial services such as the use of Artificial Intelligence and Big Data in credit scoring and lending, enabling Open APIs to develop banking products platforms and for cross-industry collaboration, use of Cloud Technology and potential opportunities with 5G Network for financial services. Attendees had the opportunity to dive into the details and practicalities of real-life applications, learn from the technology experts, academics and industry professionals.