Anson Suen’s Post

🎉📈✨ Missed out on the 'FiNETech – Exploring Fintech Frontiers & Opportunities' event hosted by HKMA? Don't worry, we've got you covered! The Hong Kong Monetary Authority (HKMA) unveiled the inaugural FiNETech series, bringing together over 100 banks, securities, insurance companies, and tech firms to explore collaborative opportunities in Wealthtech, Insurtech, Greentech, AI, and DLT. DeepTranslate Limited showcased their market leading professional document translation platform. For those who couldn't make it in person, feel free to reach out for a 🆓️ free trial of the platform for a limited time. Let's continue the momentum and drive innovation together! 💡💼💻 #FiNETech #FintechInnovation #HKMA #BankingIndustry #deeptranslate #zilkroad

🚀 Evolving GenA.I. in Financial Services 🚀 The financial services industry is entering a new phase of transformation, fueled by the rapid integration of emerging technologies. To keep Hong Kong at the forefront of global Fintech innovation, the HKMA has zeroed in on 5 key focus areas: Wealthtech, Insurtech, Greentech, A.I., and Distributed Ledger Technology (DLT) 🌐. These pillars drive the HKMA’s Fintech 2025 strategy and its “All banks go Fintech” initiative, ensuring Hong Kong’s continued leadership in global Fintech 🌟. In line with its commitment to promoting responsible tech adoption, the HKMA has launched the FiNETech series in collaboration with local financial regulators. 💡 This initiative fosters cross-sector Fintech collaboration, providing a platform for financial institutions to engage with the latest cutting-edge tech. The latest edition, FiNETech2, held in August 2024, focused on A.I. and GenA.I. to revolutionize banking and financial services. 🤖 #FiNETech2: Into the A.I.verse 🌌 The introduction of the GenA.I. Sandbox is a game-changer, providing a risk-controlled environment for financial institutions to develop, test, and pilot GenA.I. solutions in real-world banking scenarios. The Sandbox helps participants receive early supervisory feedback and innovate responsibly 🛡️. With a focus on risk management, anti-fraud measures, and enhancing customer experience, the Sandbox’s first cohort is now open for applications 🚀. The HKMA is excited to collaborate with banks and stakeholders, leveraging the Sandbox to explore novel use cases, improve efficiency, and enhance the effectiveness of financial systems 💼. This research paper is designed to serve as a roadmap for integrating GenA.I. into financial operations, highlighting the importance of robust governance, risk management, and ethical deployment. The HKMA is committed to supporting collaborative partnerships to unlock the full potential of GenA.I. in shaping the future of finance 🌍. #Fintech #AI #Innovation #FutureOfBanking #GenAI #HKMA #Collaboration #DigitalTransformation More Contents: Woongsik Dr. Su, MBA

WBS Warwick Business School launches Fintech Innovation Lab, enhancing the UK's fintech landscape. Funded by £4.2m, the lab supports financial tech and AI research. https://lnkd.in/g5zvNCGz #MidlandsTech #FintechInnovation #UKTech #FinancialTechnology #Warwicktech

👍 Singapore Fintech Festival 2024: A Ripple Effect Last week, we were immersed in the dynamic world of fintech at the Singapore Fintech Festival 2024. Our BDM, Wong Shao Yu, had the privilege of connecting with industry leaders, exploring cutting-edge technologies, and discussing the future of financial services. While the event has concluded, its impact continues to reverberate. We're excited about the potential of: - AI-Driven Innovation: Leveraging AI to revolutionize financial processes and deliver personalized experiences. - Seamless Cross-Border Payments: Facilitating frictionless global transactions. - Strategic Partnerships: Collaborating with industry leaders to create innovative solutions. We're committed to harnessing these trends to drive growth and deliver value to our clients. #SingaporeFintechFestival #Fintech #AI #Innovation #Partnership #SmartDev

In the latest episode of 'Fintech Founders,' presented by Fintech Futures, our CEO, Victor Basta, discusses the emerging technologies that are driving partnerships across the fintech industry. He explores how these cutting-edge tools are enabling better collaboration between businesses, fostering innovation, and shaping the future of the fintech industry. #Fintechfounders #Fintechpartnerships #Emergingtechnologies #Collaboration #Innovation #Financialservices #fintech https://lnkd.in/eutKYD_B

The past week Nordic Fintech Week 2024 and Copenhagen Fintech hosted two events in #stockholm and #copenhagen about 'Future Money' together with Citi, Doconomy, Gilion, United Fintech and PixelPai. Ronit Ghose from Citi gave some insights from his new book 'Future Money: Fintech, AI and Web3' and we discussed how sustainability, AI and Web3 will impact the industry. This week Citi also published the report 'AI in Finance' which should be mandatory reading (maybe together with Ronit's book 😉) for financial industry professionals (link in comments). My two main takeaways from the report and discussions: 👉 AI in finance will increase profits. That is not the question. The big Q is how will those profits be reinvested in reskilling and educating the workforce? 👉 AI in finance will also introduce even more competition from new entrants that will fundamentally change the landscape. What will that do to legacy financial institutions? 😃 What excites me the most? The potential for driving even more radical transparency and democratizing access to products and services/advice for the many... So, as you can imagine, even more ambiguity in a world that is already hard to predict 😬 These will be some of the questions we will try to answer at the 🇩🇰🇫🇮🇮🇸🇳🇴🇸🇪 Nordic Fintech Week 2024 (link in comments). Quote from the report "Bankers may think that they lead the way. But many users are adopting technology faster than banks or big businesses. AI, and GenAI, may be the latest chapter in the digital internet story of the crowds running ahead of the crown." #cphfintech #futureoffinance #fintechmatters

At United Fintech, we are driven by a vision to create lasting change in the financial industry. Recently, we had the privilege of joining Nordic Fintech Week and the panel debate: "From Unbundling Banks to Bundling Fintech Startups: The Future of Finance Partnerships,” alongside three of our strategic investors: Citi, BNP Paribas, and Danske Bank. At the panel, our Founder and CEO, Christian Frahm, along with Silje Nesvik, Andrew Murray, Claus Harder, and Junaid Baig, discussed: - Partnerships matter: As the financial industry evolves, the role of an industry-neutral platform like United Fintech, which seamlessly connects Financial Institutions with innovative fintechs that will set the standards for this new landscape becomes crucial. - Speed & ease of adoption: Rapid implementation is a win for institutions and customers, accelerating service and innovation. - Transitioning to the future: The industry must rethink its approach to adopting technologies, working together to solve problems at scale and enable sustainable innovation. - Embracing new technologies: AI and emerging technologies are pivotal to future-proofing the industry, allowing all players to innovate and adapt. What are your thoughts on the future of fintech partnerships? Let us know in the comments section! #Fintech #Innovation #DigitalTransformation #FinancialServices #AI #FutureOfFinance

Singapore FinTech Festival 2024 Kicks Off With AI and Quantum Technology in Focus Sopnendu Mohanty, Chief FinTech Officer of the Monetary Authority of Singapore (MAS) and Group Chief Executive Officer (Designate) of Global Finance & Technology Network (GFTN), said, “Architecting the next transformation for our digital future requires thoughtful planning, strong partnerships, and sustained investments. As we navigate the transformative potential of emerging technologies, SFF 2024 will serve as a crucial platform for uniting innovators, industry leaders and policymakers to shape a resilient, inclusive digital economy that serves the greater good.” Paul Lee Constellar https://lnkd.in/eaTYgpqJ #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews #sff24

Excited to be invited by the Hong Kong Monetary Authority (HKMA) to discuss how EVIDENT's licensed asset tokenization platform unlocks broader access to alternative assets for investors, while opening up new private wealth distribution channels for asset managers. 📈 We're building the next-generation digital market infrastructure in alts, powered by blockchain, with unique features to streamline processes. Meet us there to learn more! Thanks to KPMG China and Quinlan & Associates for powering this event 🤝 #alternativeinvestments #assettokenization #assetmanagement #hongkong

Keeping abreast of the latest market developments in digital transformation at FinTech Connect 2024. Two inspiring days of presentations, panel sessions and networking during one of the UK’s largest gatherings of innovators, decision-makers, and tech enthusiasts. See you next year! #fintech #AI #GenAI #digitaltransformation #london #fintechconnect