Hong Kong sets up Fintech Association

The Fintech Association of Hong Kong was launched officially in order to pioneer an inclusive and diverse fintech community in the country.

According to the report, the launch event saw more than 300 guests across the local fintech and financial community. The Fintech Association is a non-profit and independent association that will draw membership from global fintech and financial industry.

“We are delighted to be joining the Fintech Association of Hong Kong as a founding member. This is an important industry-led initiative and HSBC has a leading role to play in supporting Hong Kong’s continued development as a world-class FinTech hub. Joining the Association gives us an opportunity to deepen our ties across the Fintech landscape and contribute our time, resources and thinking to continue to shape Hong Kong’s financial future,” Andrew Eldon, Head of Digital, Hong Kong, Retail Banking & Wealth Management at HSBC, said.

The Association will help in strengthening further development of Hong Kong as a leading fintech center. The Association aims to Advocate, where it will build the unified voice for the Hong Kong fintech ecosystem, Collaborate to bring together the diverse parts of the community, and Educate to nurture the next generation of talent.

The Fintech Association is led by series of committees that are aimed on key sectors including blockchain, artificial intelligence, big data, payments, among others. These committees are led by volunteers in each fields bring together interested parties from across Hong Kong and beyond in a move to facilitate and mentor on their areas of expertise.

“Learning, being part of the dialogue, sharing knowledge, nurturing talent, and coaching other founders are some of the reasons why we at FinFabrik are so excited to be at the start of the journey of the Hong Kong FinTech Association,” Alex Medana, CEO of FinFabrik, commented.

The release said that the Association will unite Hong Kong’s fintech industry including financial institutions, startups, academia, government, investors, corporates and accelerators.