FINTECH


Conference Track
Date 24 Aug 2022 - 25 Aug 2022
Time 09:30 - 17:30 
Asia World Expo  Hong Kong 

Being one of the global financial hubs, Hong Kong is also one of the leading and earliest fintech birthplaces, with a good mix of finance and technology talents. Many years into the fintech development, financial technologies nowadays not only disrupt the status quo and challenge the incumbents, but also collaborating and integrating with the greater ecosystem in bringing better, more and personalised offerings to the markets and customers. Diving into the fintech arena at this occasion:

  • The future of fintech
  • The innovation and regulation around fintech
  • Virtual banks
  • Robot-advisory 
  • InsurTech
  • Cashless payments
  • Banking and Mateverse

Programme

Cities like Hong Kong are rapidly evolving, driven by governments, talents in the cities and more and more importantly, technology. Where does the future of Hong Kong as a global city look like in the future? How will technology and innovation reshape the way Hong Kong is structured? Joining us with the insightful dialogue about our paveway to revive Hong Kong with energy, technology and future-proof city map.

Asia is home to some 15 million High-Net-Worth Individuals (HNWIs), with an anticipated highest growth globally by 2024, at a rate of 39%. Nearly half of them are located in mainland China. Hong Kong has long been the capital management hub for the onshore and offshore wealthy. In the meantime, emerging HNWIs and retail investors are adopting digital services and more motivated to preserve their wealth during the inflation cycle. With Hong Kong’s growing fintech capabilities and the GBA Cross-boundary Wealth Management Connect Scheme launched late last year, how does AI and big data analytics enable the growth of WealthTech?

SMEs and early-stage startups have always been underbanked, being the least favourite group of customers to be served by traditional banks. With the low-interest-rate era coming to an end, together with the rising business uncertainties, the financing for this group of businesses is expected to be even more challenging. How can SMEs and startups be financed to further their growth and expansion, or merely to survive through the post-covid transition? At today’s panel, we will look into the alternative channels in this regard.

It is forecasted that by 2024, less than 1.6% of point-of-sale transactions in Hong Kong will be made via paper money and coins, going down from a 9% before the pandemic. It will turn Hong Kong into the most-cashless society in APAC. The pandemic, government incentives,  extremely-high mobile and internet penetration rates and the well-established financial infrastructure all laid the foundation for digital currency. How will technology facilitate the transition and what are the ultimate challenges in cultivating a cashless Hong Kong?

Along the rise of digital asset ownership around the world, we also witness a rising trend of related cybersecurity threats and crimes targeting the digital assets. While platforms are enhancing their security to fight against the trend, how digital asset owner can take proactive action in safeguarding the digital investments? The offering of digital asset insurance offers additional protection for investors and significantly lowers the risk born by both investors and digital asset platforms. With the presence of Asia-first digital asset insurance, how does that transform the crypto asset markets?

Virtual banks first debuted in Hong Kong in 2020. Two and a half years have passed, the eight authorized virtual-only banks have taken up at least HKD 15.8 billion (USD 2.03 billion) deposits with a growing customer adoption and transition towards their no-branch offerings. The customers’ initial hesitations on security, infrastructure and data privacy seems to be alleviated. Meanwhile, brick-and-mortar banks are digitizing their services in the hope of retaining, if not gaining, their market share. What is the future of the Hong Kong banking ecosystem? Where is the sweet spot between the incumbent and uprising?

The insurance industry operations and customer relations are very people-centric in Hong Kong. How insurtech is disrupting the practices and digitalising the experience? Beyond the traditional offerings of life and medical insurance, how technology is empowering insurtech to cover the happenings in the  digital world?