This document discusses how Hong Kong can unleash its potential through the use of IoT, FinTech, and wearable devices. It provides background on FinTech and describes innovations in electronic payment systems in Hong Kong over the past few decades like Octopus cards. It also discusses the growth of mobile payment apps like AliPay and WeChat Pay. The document suggests financial services could become a marketplace enabled by new technologies that improve people's lives while growing the economy.

1. To Unleash the Potential of
Hong Kong by IoT and FinTech
with Wearable Devices in Style
Emil Chan
07.09.2016
acmcp.org
ASIAN WATCH CONFERENCE

2. Emil Chan

5. Cambridge Dictionary
(the management of)
a supply of money
What is Finance

6. Wikipedia
1. It is an economic industry composed of
companies that use technology to make
financial services more efficient
2. Financial technology companies are
generally startups trying to disintermediate
incumbent financial systems and challenge
traditional corporations that are less reliant
on software
What is FinTech?

7. Types of FinTech
ePayment P2P LendingBig Data
Finance
Crowd
Funding

8. source: Bank 3.0
Time of Technology adoption

9. Why Banking Is No Longer Somewhere
You Go But Something You Do
9

10. Bank 3.0

11. The History of Money

13. In Sweden
a Cash-Free Future Nears

14. Innovation of Electronic Retail
Payment Systems in Hong Kong
Year Innovation
1980 ETC
1982 JETCO
1985 EPS
1993 PPS
1996 RTGS
1997 Octopus

15. The Innovation of Octopus
in last 20 years
Year Innovation
1994 Proposed by MTRC
1997 Used on MTR, buses and ferries
2000 Accepted by 7-11
2006 Citybank issued Built-in Octopus Visa Cards
2010 Selling of Customer Database
2014 Support AliPay with Mobile App
2016 Mobile App O!ePay Launched

17. Smartone

22. http://unwire.hk/2016/04/22/416280/people-interview/
Don’t waste our time

23. WeChat Payment

27. 11.11.2015
Beyond a Shopping Carnival

30. PC Notebook Mobile

32. What is Wearable Devices

33. Maslow's Hierarchy of Needs

35. Financial Services as
a Market Place

41. eHealth Innovation

47. Wool comes from the pig's back
One gets the benefit for free and
the price is paid by someone else

48. Bigs can fly if they find where wind blows