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To help the contestants better prepare for the #HKICTAwards FinTech Award, Hong Kong Institute of Bankers organized an  Experience Sharing Forum for them today. Thanks for #HKIB Carrie Leung Philip Kam & team’s effort.

We invited last year’s Gold Award winners, Miles Wen (温豪夫) #FanoLabsKen Shih #Aqumon, & Joyce Lau #HKFI. to share their experiences and journey. We also invited Dupty Chief Judges Michael Leung #BOA and Stephen Lau #HKCS, & Chief Assessors Dominic Siu #Prudential & Betty Chung #DahSingBank, to give advice to the contestants.

As the Chief Judge of 2021, I gave an opening speech on “Shaping the Future of FinTech Hong Kong”. In the last few years, we have together built a world class #FinTech hub in Hong Kong. FinTech entrepreneurs from nobody to today’s global FinTech leaders, like Simon Loong #WeLabFred Ngan #BowtieTomas Holub #CovergoTim Lee #QFPayAlvin Kwock #OneDegree & Miles Wen (温豪夫) #FanoLabs. Impressive! #HKMA#SFC #HKIA #InvestHK #Cyberport #HKSTP together with incumbents #Citi #HSBC #HangSengBank #DBS #AMTD #BOCHK #AIA #Prudential, just name a few, also contributed significantly to the growth of HK FinTech industry.

Look forward to witnessing the innovations from this year’s contestants to shape the future of FinTech HK.

“Banking is necessary, but banks are not” is no less influential than “Information at your fingertips” from the game changer BillGates. In 2020, Hong Kong Financial Services incumbents will be facing even more disruption from the tech giants like Alibaba & 700+ FinTech startups in HK. The 8 VirtualBanks will start launching their innovative offerings in 2020. What the incumbents & the FinTechs should do?

In the NEXX Forum in Cyberport, I had a discussion w/ Will Ross CFA from Citi & Ray Chou on the Disruption for Banking in 2020. The key takeaway is that competitions actually drive both incumbents and FinTechs to do more for the best of their customers. It implies collaboration in ecosystem. Anna Yip from Smartone shared how5G adds value to FinTech & how industry crossover & hackathons help their company to innovate for customers. Jeffrey Ng, CFA, MBA from PingAn OneConnect talked about how their technologies are helping incumbents to overcome the digital challenges & meet customer expectations. Garry Sien from Alibaba shared their experience in GBA cross-border FinTech initiatives. Barry Chan from IBM Peter Koo FCPA,CA,AICPA,CPA (Aust),CIA,CFE,CISA,CISM,CGEIT from Deloitte Emil Chan ZABank DBS shared great insight.

Thanks to Eric Chan & Mann WM Yim