Fintech and Regtech Opportunities for Asia 4th HIT AI & Blockchain Summit, Taipei, Taiwan 2021.01.06

1. Charles Mok — 2021.01.06
From Crypto to Trust and Identity:
Fintech and Regtech
Opportunities for Asia
4th HIT AI & Blockchain Summit

2. Blockchain and Artificial Intelligence
The hypes and the facts
• It’s all about data
• But to many, it’s all about Bitcoin and cryptocurrencies
• Emerging and changing regulatory frameworks
• CBDC (central bank digital currencies) — different attitudes from regulators
• Now or later?
• A consumer-level e-currency/e-wallet?
• Wholesale CBDC or a SWIFT replacement?

3. CBDC
Emerging legal framework
• IMF working paper referring to
regulatory changes necessary in
central bank and monetary laws
(Nov 2020)

4. From Fintech to Regtech and Suptech
Beyond buzzwords
• Regtech: how financial firms apply technology to comply with regulations
• Suptech: how regulators/supervisors use technology to regulate more
effectively
• Examples from recent projects in Hong Kong

5. CDI and FDI
Application for credit assessment for SMEs

6. Identity, Trust and Security
• Protection of basic rights and provision of
basic services to all people
• Privacy and consent enabled for endusers
as credential holders
• Using blockchain and cryptographic
solutions to provide identity and credential
verifications systems

7. What about COVID?
Applications for immunity passports
• Putting data on an app with
centralised data storage is easy,
but lack privacy control by the
data subject
• Vaccination verification systems
where the data subject/credential
holder — the user — is in total
control of his/her own data

8. DID and SSI
Decentralised identifiers and self-sovereign identity

9. Opportunities for Asia and Taiwan
• Fintech development roadmap by the Financial Supervisory Commission
• From competition to cooperation to overcome regional fragmentation for Asia
• A call for a new generation of more diversified and decentralised “financial
service centers” across Asia

10. Thank you
• Charles Mok
charles@charlesmok.hk
@charlesmok