Slides used during the "FinTech in Asia" event organised by FinTech Circle and Hosted by Morrison & Foerster. Held in London on the 2nd of February 2015
Mercer Capital's Value Focus: FinTech Industry | Second Half 2016Mercer Capital
Mercer Capital’s newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital's Value Focus: FinTech Industry | First Half 2017Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
A look inside the top 4 trends driving the FinTech industry today. How technology is impacting financial services and how they can benefit from advanced data analysis. Presented by Peter Huang, Director of Data at Beyondsoft.
It’s exciting times for Hong Kong. DLA Piper, KPMG and Thomson Reuters are pleased to be working with the Hong Kong Internet Finance Council (HKIFC) to help establish Hong Kong as a FinTech hub.
Hong Kong has right ingredients to become a global centre for FinTech innovation and growth.
FinTech is a disruptive, innovative and potentially massive game changer for the financial services industry. With government guidance and incentives, and strong commitment by major corporations and the community, Hong Kong has an opportunity to become a key player in this space.
The new report also discusses Hong Kong’s route to FinTech success and potential broader economic benefits.
A number of high-profile FinTech entrepreneurs in Hong Kong have participated and shared their insights in the report, including reasons for choosing Hong Kong as their headquarters.
Mercer Capital's Value Focus: FinTech Industry | Second Half 2016Mercer Capital
Mercer Capital’s newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Mercer Capital's Value Focus: FinTech Industry | First Half 2017Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
A look inside the top 4 trends driving the FinTech industry today. How technology is impacting financial services and how they can benefit from advanced data analysis. Presented by Peter Huang, Director of Data at Beyondsoft.
It’s exciting times for Hong Kong. DLA Piper, KPMG and Thomson Reuters are pleased to be working with the Hong Kong Internet Finance Council (HKIFC) to help establish Hong Kong as a FinTech hub.
Hong Kong has right ingredients to become a global centre for FinTech innovation and growth.
FinTech is a disruptive, innovative and potentially massive game changer for the financial services industry. With government guidance and incentives, and strong commitment by major corporations and the community, Hong Kong has an opportunity to become a key player in this space.
The new report also discusses Hong Kong’s route to FinTech success and potential broader economic benefits.
A number of high-profile FinTech entrepreneurs in Hong Kong have participated and shared their insights in the report, including reasons for choosing Hong Kong as their headquarters.
Fintech Strategic Roadmap for the UK’s Largest Banks: our MIT Fintech course ...Luis Castejon-Martin
It is a pleasure to share with you our final report for the MIT Fintech Future Commerce course, Capstone Project Group 168, developed during this year by a dream team of very experienced managers and consultants as @Colin Bennett @Parrish Pryce-Williams @Andrea Monaco and @Jackie Noakes, working in the financial sector in London (except me in Madrid).
The main goal of the report is to develop our Fintech Strategic Roadmap for the UK’s Largest Banks: HSBC, Barclays, Lloyds, RBS and Santander.
The key recommendation is that every banking incumbent requires a robust Fintech Strategic Roadmap.
This is a presentation of the Sector Study of Financial Technology focusing on Digital Payments by Alexis Dogwe, Camille Eusebio, Maurice Gonzales, Leslee May Tandoc and Al Marie Tating as part of the requirements in the subject: Marketing and Commercialization of High Technology Products.
University of the Philippines, Technology Management Center
(Almost) everything you need to know to start in FintechSophie Guibaud
This workshop will provide readers with a global overview of the Fintech world, market dynamics and how London has managed to become a leading Fintech hub. They will learn about the various business models that fall under the Fintech umbrella (Payments, Money transfer, Crowdfunding, Lending, Data & Analytics) and also discuss new banking models that are trying to inspire and shape the bank of the future.
Beyond Banking: New Business Models for the Digital EraJessica Wilkinson
The banking and financial services industry is undergoing a period of unprecedented disruption, which is re-shaping the competitive landscape.
Criterium Group believes we’re experiencing a fundamental change in how people manage, save and spend their money –which means banks and credit unions will need to re-imagine how they deliver value to customers and members.
We’re experiencing a disintegration of the financial industry. But disruption is exciting, not scary. As our relationship with money evolves, there are endless opportunities to delight customers and deliver value. However, competing in a digital age takes a completely different approach.
Criterium Group has considered the changing landscape from a competitive, financial, technological and operational perspective to re-design the traditional banking business model to win in a digital world.
Diving deep into literally millions of interactions and conversations with different networks such as Facebook, Twitter and Instagram, blogs, forums and news sites in order to bring you analytical info about how social media affects different sectors like:Sharing Economy, Banking and Finance, Ecommerce, Telecom and Fintech.
We are pleased to share our thoughts for Fintech in 2018 trying to cover AI to Insurance to ICOs. We hope you find them useful and feel free to share you're thoughts with us as well.
Summary of findings
2018 VC-backed fintech deals and funding set an annual record: In 2018, - VC-backed fintech companies raised $39.57B across 1,707 deals globally. Deals were up 15% year-over-year while funding surged 120% on the back of 52 mega-rounds ($100M+) worth $24.88B combined.
Fintech is happening on global scale with deals outside of core markets (US, UK, and China) accounting for 39% of deals: Fintech deal hubs are starting to emerge globally. The count of unique fintech startups raising funding topped an annual high of 1,463 companies, and the unique number of investors reached 2,745 boosted by an influx of corporate investors.
Early-stage deals, as a percentage, fell to a 5-year low as investors concentrated bets in perceived winners: Global seed and Series A fintech deals grew 5% on an annual basis in 2018, but fell as a percentage of total deals to 57%. US early-stage deals were flat YOY as investors concentrated their bets in established fintech unicorns.
There are 39 VC-backed fintech unicorns worth a combined $147.37B: Q4'18 saw five new unicorns births (Plaid, Brex, Monzo, DevotedHealth, and Toss) and two in the first month of Q1’19 (N26 and Confluent). The cohort’s total valuation in 2018 was boosted by a record year for megarounds to existing unicorns, including Gusto and Robinhood, among others.
Current FinTech Trends in Retail LendingBankersLab
FinTech is gathering pace, with close to a whopping $40 billion in global investment to date - yet keeping up with the changing landscape can prove tough. To keep you ‘in the know’ we’ve produced a handy resource that provides a topline overview of the sector, key industry developments, a selection of must read articles, and tips on how to get involved!
Ghana's Fintech Landscape: Trends & Opportunities Paul Damalie
Presentation on Ghana's Financial Technology Landscape. Trends and Opportunities. Connecting London,worlds fintech capital to Ghana's fintech scene.Next Bank Accra and UK Investment & Trade Department collaborated on this event.
This Seminar will initiate a reflection regarding the extent to which innovation within the Financial Technology (FinTech) sector can and should be regulated.
The case will be illustrated with examples of the UK and EU market (e.g. the Financial Conduct Authority (FCA)’s Project ‘Innovate’ and the European Commission’s Single European Payment Area (SEPA)) and the implications for innovation will be discussed.
This will be complemented by introducing an Asian perspective as to the capacity of specific jurisdictions to frame and catalyse innovation, focusing on specific challenges and opportunities in Mainland China and Hong Kong.
Philippe Gelis, CEO & Co-Founder of Kantox, talking about the next 10 years in Fintech; A new co-petitive eco-system starts emerging within the financial sector
Fintech Strategic Roadmap for the UK’s Largest Banks: our MIT Fintech course ...Luis Castejon-Martin
It is a pleasure to share with you our final report for the MIT Fintech Future Commerce course, Capstone Project Group 168, developed during this year by a dream team of very experienced managers and consultants as @Colin Bennett @Parrish Pryce-Williams @Andrea Monaco and @Jackie Noakes, working in the financial sector in London (except me in Madrid).
The main goal of the report is to develop our Fintech Strategic Roadmap for the UK’s Largest Banks: HSBC, Barclays, Lloyds, RBS and Santander.
The key recommendation is that every banking incumbent requires a robust Fintech Strategic Roadmap.
This is a presentation of the Sector Study of Financial Technology focusing on Digital Payments by Alexis Dogwe, Camille Eusebio, Maurice Gonzales, Leslee May Tandoc and Al Marie Tating as part of the requirements in the subject: Marketing and Commercialization of High Technology Products.
University of the Philippines, Technology Management Center
(Almost) everything you need to know to start in FintechSophie Guibaud
This workshop will provide readers with a global overview of the Fintech world, market dynamics and how London has managed to become a leading Fintech hub. They will learn about the various business models that fall under the Fintech umbrella (Payments, Money transfer, Crowdfunding, Lending, Data & Analytics) and also discuss new banking models that are trying to inspire and shape the bank of the future.
Beyond Banking: New Business Models for the Digital EraJessica Wilkinson
The banking and financial services industry is undergoing a period of unprecedented disruption, which is re-shaping the competitive landscape.
Criterium Group believes we’re experiencing a fundamental change in how people manage, save and spend their money –which means banks and credit unions will need to re-imagine how they deliver value to customers and members.
We’re experiencing a disintegration of the financial industry. But disruption is exciting, not scary. As our relationship with money evolves, there are endless opportunities to delight customers and deliver value. However, competing in a digital age takes a completely different approach.
Criterium Group has considered the changing landscape from a competitive, financial, technological and operational perspective to re-design the traditional banking business model to win in a digital world.
Diving deep into literally millions of interactions and conversations with different networks such as Facebook, Twitter and Instagram, blogs, forums and news sites in order to bring you analytical info about how social media affects different sectors like:Sharing Economy, Banking and Finance, Ecommerce, Telecom and Fintech.
We are pleased to share our thoughts for Fintech in 2018 trying to cover AI to Insurance to ICOs. We hope you find them useful and feel free to share you're thoughts with us as well.
Summary of findings
2018 VC-backed fintech deals and funding set an annual record: In 2018, - VC-backed fintech companies raised $39.57B across 1,707 deals globally. Deals were up 15% year-over-year while funding surged 120% on the back of 52 mega-rounds ($100M+) worth $24.88B combined.
Fintech is happening on global scale with deals outside of core markets (US, UK, and China) accounting for 39% of deals: Fintech deal hubs are starting to emerge globally. The count of unique fintech startups raising funding topped an annual high of 1,463 companies, and the unique number of investors reached 2,745 boosted by an influx of corporate investors.
Early-stage deals, as a percentage, fell to a 5-year low as investors concentrated bets in perceived winners: Global seed and Series A fintech deals grew 5% on an annual basis in 2018, but fell as a percentage of total deals to 57%. US early-stage deals were flat YOY as investors concentrated their bets in established fintech unicorns.
There are 39 VC-backed fintech unicorns worth a combined $147.37B: Q4'18 saw five new unicorns births (Plaid, Brex, Monzo, DevotedHealth, and Toss) and two in the first month of Q1’19 (N26 and Confluent). The cohort’s total valuation in 2018 was boosted by a record year for megarounds to existing unicorns, including Gusto and Robinhood, among others.
Current FinTech Trends in Retail LendingBankersLab
FinTech is gathering pace, with close to a whopping $40 billion in global investment to date - yet keeping up with the changing landscape can prove tough. To keep you ‘in the know’ we’ve produced a handy resource that provides a topline overview of the sector, key industry developments, a selection of must read articles, and tips on how to get involved!
Ghana's Fintech Landscape: Trends & Opportunities Paul Damalie
Presentation on Ghana's Financial Technology Landscape. Trends and Opportunities. Connecting London,worlds fintech capital to Ghana's fintech scene.Next Bank Accra and UK Investment & Trade Department collaborated on this event.
This Seminar will initiate a reflection regarding the extent to which innovation within the Financial Technology (FinTech) sector can and should be regulated.
The case will be illustrated with examples of the UK and EU market (e.g. the Financial Conduct Authority (FCA)’s Project ‘Innovate’ and the European Commission’s Single European Payment Area (SEPA)) and the implications for innovation will be discussed.
This will be complemented by introducing an Asian perspective as to the capacity of specific jurisdictions to frame and catalyse innovation, focusing on specific challenges and opportunities in Mainland China and Hong Kong.
Philippe Gelis, CEO & Co-Founder of Kantox, talking about the next 10 years in Fintech; A new co-petitive eco-system starts emerging within the financial sector
Overview of industry trends and insights of Fortune 500 companies and startups' activities in the FinTech space. We cover banking tech (security, crm, analytics), payments (pos, money transfer, commerce), cyber currency (blockchain, bitcoin, wallets, cryptocurrency exchanges), business finance (lending, crowdfunding), personal finance (lending, wealth management, mortgage, credit), and alternative cores (banking, insurance).
The fast-growing ASEAN region is fast-forwarding toward economic integration, and Southeast Asian companies have an historic opportunity to create regional brands and connect with consumers across the region as ASEAN enters a new growth phase. JWT, which has offices across Southeast Asia, including Thailand, Singapore, Malaysia, Vietnam, Indonesia, Philippines and in Myanmar through our affiliate Mango, conducted an extensive survey of consumers to identify the opportunities and challenges that lay ahead for brands in 2015. We surveyed a total of 2,400 people, aged 20 to 49, in Thailand, Singapore, Malaysia, Vietnam, Indonesia, and the Philippines in July using Sonar, JWT’s proprietary global research platform. If you'd like to receive a soft copy by email, contact cris.prystay@jwt.com
I gave this presentation in June while in Salt Lake City, Utah. No, I'm not a paid shill for the government of Hong Kong, I just think this is a great place to live and work and I'm sharing the word. I've been here since June, 2013 opening a branch of MWI, a digital marketing agency (www.mwi.com) and contributing articles to Forbes and other publications (see http://www.donloper.com/press). This was a highly summarized version of what I could have said, so if you have any questions about doing business in Hong Kong email me at josh@mwi.com.
Tracxn FinTech SEA Startup Landscape, July 2016Tracxn
Our FinTech SouthEast Asia Report covers FinTech trends and investments in Singapore, Indonesia, Malaysia, Thailand, Philippines, and Vietnam, with exhaustive Q&A’s with the leadership team at East Ventures and Lenddo.
Fintech 2017 Vision and Insight - MIT Enterprise Forum PolandGrow VC Group
Presentation for the fintech audience at MIT Enterprise Forum in Warsaw. The presentation illustrated three key areas of fintech: 1) Distributed Finance, 2) Open API Ecosystems, 3) Software Bankers.
Thailand Fintech landscape 2016 special report by techsauce Techsauce Media
Thailand Fintech landscape 2016 by techsauce.co including:
- What is Fintech?
- Fintech in Asia
- Fintech in Thailand
- Collaboration between big enterprises and startups
Summary of the 2017 Financial Technology predictions, as published in 2016 with a focus on key investment themes as well as geographic trends. For more information or the full report email info@finchcapital.com
This presentation was shared by Cab Morris of the Illinois Department of Financial & Professional Regulation on the June 5th at the Banking Digital Currencies seminar.
The Rise of FinTech_ How Is It Revolutionizing The Future of Finance_.pdfAnil
The evolution of FinTech (Financial Technology) drastically transformed the way traditional financial institutions – insurers and banks functioned. To thrive, global companies, retailers, and large tech giants realized the need to reinvent the value chain of financial services.
2021: The second wave of Fintech Disruption: Trends to watch outIndusNetMarketing
2020 has been a global shock for the world but it has also been a reason for digital adoption. The financial sector is evolving with time and 2021 will visualise many new disruptive trends that are going to shape the future of financial services.
Fintech in Ukraine 2018 (English language)UNIT.City
Introducing you the first market map of FinTech Industry in Ukraine, powered by USAID Financial Sector Transformation Project and UNIT.City.
Foreign partners, potential investors, banks often ask us about the state of any part finteсh industry of Ukraine.
Today, we present a research that will become a tool for finding partners for Ukrainian and international investors, corporations, R&D centers, journalists, startups and businesses in FinTech.
P.S. If you are creating a fintech business in Ukraine, but did not find your company on the map – write us and we will add it to the next update of this map.
Mercer Capital's Bank Watch | April 2017 | Is FinTech a Threat or Opportunity?Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Open U Talk from the Institute of Financial Technologists of AsiaNicole Kuo
Founder of Institute of Financial Technologists, Mr. Paul Pong's, talk for MBA students at the Open University of Hong Kong. Outlining opportunities and effect from Chinese depositary receipt and weighted voting rights. Also urging the needs of lack of fintech talents in the industry!
Digital payments and SupTech were the two main topics that emerged at the recent meeting in Basel of the Global Financial Standard Setting Bodies (SSBs) on new developments in FinTech.
The presentation slides were prepared and delivered by Better Than Cash Alliance member, Bangko Sentral ng Pilipinas.
Banking and Financial Institutions- The Latest Updates.pptxM1NXT
From the dynamic world of banking to the cutting-edge trends in dealer finance and factoring, the financial industry is experiencing a whirlwind of changes that are shaping its present and future. In this blog, we delve into the intricate web of factors influencing financial institutions, exploring the latest updates, regulatory changes, and emerging opportunities that are redefining the way we perceive and interact with finance.
Visit: https://m1nxt.blogspot.com/2023/11/banking-and-financial-institutions.html
China has become a global leader in Fintech, particularly in the mobile payment area. This report describes the market size and key driving factors of China's fintech industry as well as the future of China's fintech ecosystem. It also outlines the related future opportunities and implications for Finland.
The banking and financial services industry is undergoing a period of unprecedented disruption, which is re-shaping the competitive landscape.
Criterium Group believes we’re experiencing a fundamental change in how people manage, save and spend their money –which means banks and credit unions will need to re-imagine how they deliver value to customers and members.
We’re experiencing a disintegration of the financial industry. But disruption is exciting, not scary. As our relationship with money evolves, there are endless opportunities to delight customers and deliver value. However, competing in a digital age takes a completely different approach.
Criterium Group has considered the changing landscape from a competitive, financial, technological and operational perspective to re-design the traditional banking business model to win in a digital world.
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
How to Build a Diversified Investment Portfolio.pdfTrims Creators
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
4. FinTech Market Overview
Global Market
Established Hubs
Investment Levels
US$ 3 Billion
x3 in 2018
LDN
1st
Growth
NYC
1st
Nominal
&
A wide range of applications within Financial
Sector:
•Payments
•Lending
•Crowdfunding
•Data and analytics
•Personal Finance
•Money Transfer
•Digital Currencies
• etc …
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
5. FinTech Market Overview
Asian Opportunities
Selection of Current Market Opportunities
Great but…
Fragmented market: 25 jurisdictions in Asia Pacific
Different levels of development: Infrastructure, Regulation, Behaviour
1.2bn
Unbanked
620m
Digital Banking
Customers
66%
World middle
Class
4.3m
HNWIs
US$300bn
SME Credit Gap
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
6. But Why FinTech?
Infrastructure mismatch (e.g. ATMs per 100,000)
New Business Models (e.g. Bank + Telco, new licence)
Big Market Growth
Who Will Get the Market?
Is comparing adequate, different models?
Singapore: Off-Shore Financial Centre
Hong Kong: Gateway Financial Centre
Q: Should FinTech start by supercharging existing
strengths of financial centres? (e.g. Hong Kong:
RMB, Gateway Investment, Payments, Trade?)
12.5
Asia
62.5
EU
US$ 5bn+
Opportunity
SGN HK SDY
1.7bn (x3)
Digital Banking Customers by 2020
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
“Payment
Banks”
8. In The News
Alibaba IPO
5 New Private Banks (e.g. Tencent, Alibaba…)
47+ new P2P lending platform in December
US$ 6.5bn available for start-ups
…
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
9. Digital Banking Trends in China
+111m
Internet
Banking
Customers
+19%
New Bank
Accounts
+24%
Using Online
Payments
Trends between 2010 – 2013:
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
10. Why Going Digital?
Infrastructure Benchmarking:
Other Market Facts
China USA UK
# Unbanked 432m 10m 1m
% Unbanked 36% 2.7% 2.5%
Branches (per 100k) 7.7 35 25
ATM (per 100k) 37 173 124
China
Phones 1.1 bn
Internet
Users
600m
Infrastructure Mismatch
+ Market Opportunity
= fundamental reshaping for finance
(e.g. build financial regulations around
FinTech, instead of adapting it to current
Framework)
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
11. Replacing or Fixing Formal Banking?
Inefficient formal banking fostered the creation of alternative sectors:
• 20th Century: Shadow Banking
• 21st Century: Internet Finance Companies
Internet Finance Companies are performing a useful role:
◦ Fix miss-allocation of financial resources (e.g. SME Funding)
◦ Brings efficiency and automates an otherwise discretionary system
Broader Economic Impact:
◦ 400,000 SMEs funded via Alibaba Loans
◦ 2.7 million job creations
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
13. Why Hong Kong as a FinTech Hub?
Current Importance of Finance for Hong Kong:
15.9%
of GDP
6%
of workforce
12%
of exports
3th
Financial
Centre
What about tomorrow?
Finance and the economy is increasingly
digital.
How can we uphold the objective to:
“provide an appropriate economic and legal
environment for the maintenance of the status
of Hong Kong as an international financial
centre” Article 109 – The Basic Law
Leverage on current strengths as a financial
centre? Create new sectors? Both?
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
14. Current Trends
Hong Kong has already started to develop its start-up eco-system:
x10
More co-working
spaces available
since 2010
43%
Increase in
applications for
StartmeUp HK
US$50m
Assigned for
social innovation
&
entrepreneurship
1st
In terms of
attractiveness to
launch a start-up
600+
Start-ups located
across Hong Kong
70
Of the world’s
100 largest banks
are based in HK
HK$ 1Bn
Alibaba Foundation to
promote
entrepreneurship
FinTech will follow shortly…
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK
15. How to develop the sector
First - Set a Strategic Focus for Hong Kong
What is the vision?
What are the markets?
What are the strengths?
Who are the influencers?
Second: Put on the right tracks for a high-growth
market.
Human
Capital
Financial
Capital
Market
Opportunities
Contact: Janos@FinTech.HKWebsite: www.FinTech.HK