Cyberport: The development of financial technology requires talents, start-up cooperation, open data, and opportunities in the Greater Bay Area

In recent years, the government is determined to develop financial technology. "Hong Kong 01" and "Giant ICON" jointly organized the first "Fintech Foresight Seminar" today (11th).

Chen Siyuan, Chief Public Mission Officer of Cyberport, pointed out that the development of financial innovation and technology emphasizes four aspects, including talent training, cooperation with start-up financial institutions, open data, and opportunities in the Greater Bay Area. He even described data as the oil of the new era.

He hopes that financial institutions will cooperate more with fintech start-ups in Cyberport, "rather than fighting alone, we should innovate together."

Chen Siyuan, Chief Public Mission Officer of Cyberport, said, "The Hong Kong Department of Financial Technology Department must take the same direction, and the development of emerging technologies must be courageous and strategic." He believes that the development of financial innovation and technology emphasizes four aspects, including talent training and start-up financial institutions. Cooperation, open data, opportunities in the Greater Bay Area.

He also used oil to describe the importance of data. "Data is the new oil", which can reduce operating costs and create business opportunities for the financial industry, such as providing a platform for clinic procurement and electronic payment, allowing banks to evaluate the latest operating conditions.

"Hong Kong 01" and "Giant ICON" jointly organized the first "Fintech Foresight Seminar" today (11th).

(Photo by Yu Junliang)

Chen also pointed out that talent is a battleground for military strategists. Under the development of innovative technology, financial technology has also been reshaped, and the old training model is not enough to deal with it.

For example, the front lines of the financial industry used to only promote products, but nowadays they need to use different financial technology approval documents and extract illegal documents. Therefore, in recent years, university business management courses have also added technology elements.

He also pointed out that many financial institutions prioritize innovation and technology, but he hopes that institutions will cooperate with Cyberport's financial technology start-ups, "rather than fighting alone, it is better to innovate together."

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