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Written by: Chen Jiahui
2021-01-20 17:05
Last update date: 2021-01-20 17:14
In recent years, the government is determined to develop financial technology, vigorously promote the application of financial technology such as "fast speed" and train related talents.
The Hong Kong Science and Technology Parks Corporation has established a new FinTech Centre in Kowloon Tong, which is expected to accommodate 20 financial technology companies and promote the formation of a financial technology ecosystem in Hong Kong.
The Chief Operating Officer of Hang Seng Bank, Chen Liang Chuoyi, said that in recent years, he has begun to cooperate with start-up companies to explore the application of financial technology. He pointed out that the process was once "painful to describe" because technology companies have modern ideas, while banks pay more attention to traditional experience. Time is explored, the counterpart has trust and needs for complementarity.
The Science Park in Sha Tin currently has the "HKMA-ASTRI Financial Technology Innovation Center".
Huang Keqiang, Chief Executive Officer of the Science and Technology Park Corporation, said that the newly established FinTech Centre in the Kowloon Tong Innovation Center is located in the center of the city, which can further promote the communication between financial technology start-ups and commercial institutions. The center can accommodate 20 companies and provide office and conference venues.
Hang Seng Bank: Hope to launch new products and accelerate cross-border applications in the short term
Hang Seng Bank has started strategic cooperation with the Science and Technology Park Company in financial technology in 2019. Hang Seng Bank’s Chief Operating Officer Chen Liang Chuoyi said that in recent years, it has begun to cooperate with different start-up companies to explore financial technology applications, but the process was once “painful to describe”. Because technology companies are up-to-date, there is no burden when they conceive innovative solutions. On the contrary, banks value traditional accumulated experience and emphasize balance and control.
Chen Liang Chuoyi (bottom row, first from left) hopes that products can be launched on the market in the short term, and the next step is to use financial technology innovation to develop cross-border banking products faster.
(Video screenshot)
Chen Leung Chuoyi said that the concept of imaginative freedom is certainly attractive, but banks need to measure whether they can make money; and after a period of exploration, the parties have already trusted, and start-ups provide new ideas, and banks provide advice on feasibility, so that they can complement their needs. .
She hopes that products can be launched on the market in the short term, and the next step is to develop cross-border banking products faster through innovation in financial technology.
Zheng Qisen, the co-founder of Apoidea, a financial technology company in the Science Park, also said that in recent years, many banks have established internal innovation teams as an important bridge to enable technology concepts to be implemented into products. The platform in the Science Park can integrate science and technology enterprises and finance. Enterprise connection is very important to catalyze the financial technology ecosystem.
Hong Kong Monetary Authority: Banking open API will be able to check balances and debts
As a supervisory authority, Peng Xuhui, senior manager of the Financial Technology Promotion Office of the HKMA, said that through cooperation with the Hong Kong Academy of Applied Sciences in recent years, relevant white papers and regulatory sandboxes have been released to ensure safety and privacy while developing financial technology.
(HKMA website)
Peng Xuhui also pointed out that the Commercial Data Exchange (CDI) platform launched by the HKMA will add more alternative data, such as online shopping, online payment, and telecommunication data, to make credit evaluation more accurate; and the banking industry will open applications The programming interface (open API) is about to enter the third stage, where you can check balances, change credit limits, etc. through the API. He said that many banks are currently preparing relevant use cases, which shows that the bank's response is quite positive.
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