Hong Kong welcomes fintech innovators

Hong Kong welcomes fintech innovators

The Fintech Association of Hong Kong (FTAHK) has officially launched “to champion an open, inclusive and diverse fintech community in Hong Kong”.

It says it is “led by the community for the community”.

The association is independent and non-profit, drawing its members from across the fintech and wider financial industry.

It says its three main goals are:

  • advocate – create the unified voice for the Hong Kong fintech ecosystem;
  • collaborate – bring together the diverse parts of the community;
  • educate – learn from existing leaders and nurture the next generation of talent.

It will set up a number of committees, led by volunteers and focused on key areas such as blockchain, artificial intelligence (AI), big data, payments, regtech, wealthtech and financial literacy.

Early members of FTAHK include HSBC, PwC and FinFabrik.

The association says it “reflects Hong Kong’s entrepreneurial character”. Indeed, the entrepreneurial spirit was evident during Banking Technology’s recent fintech tour of Hong Kong.