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Toa Charm

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FinTech hashtagNeat hashtagPlanto hashtagConvoy I had a very fruitful discussion with 2 great FinTech start-ups, Neat and Planto, today in Convoy FinTech Forum. The topic was how to stay ahead of competitions from hundreds of FinTech start-ups, financial services institutions, tech giants stepping into this game, etc.

That’s my key takeaways.

1. Be focus
2. Find the real pain and solve it better
3. Collaborate with the right FIs based on risk appetite, legacy, systems complexity, FI’s regional coverage (it helps u scale easier)
4. Leverage on their brands and reputation
5. Find key sponsors and engage well
6. Find a way to get around the legacy, compliance and procurement rigidity through trust building and your sponsors
7. FI’s FinTech and Innovation need help as they may not be in a very favorable position in their organizations. They may be unstable and you need to have contingency plan.

My last question to them was how to sustain your competitive advantage and the response was “Customer Focus”. It is in fact very true.

FinTech hashtagNeat hashtagPlanto hashtagConvoy I had a very fruitful discussion with 2 great FinTech start-ups, Neat and Planto, today in Convoy FinTech Forum. The topic was how to stay ahead of competitions from hundreds of FinTech start-ups, financial services institutions, tech giants stepping into this game, etc.

That’s my key takeaways.

1. Be focus
2. Find the real pain and solve it better
3. Collaborate with the right FIs based on risk appetite, legacy, systems complexity, FI’s regional coverage (it helps u scale easier)
4. Leverage on their brands and reputation
5. Find key sponsors and engage well
6. Find a way to get around the legacy, compliance and procurement rigidity through trust building and your sponsors
7. FI’s FinTech and Innovation need help as they may not be in a very favorable position in their organizations. They may be unstable and you need to have contingency plan.

My last question to them was how to sustain your competitive advantage and the response was “Customer Focus”. It is in fact very true.

Big Data describes extremely large volumes of data (both structured and unstructured) that upon analysis can reveal patterns, associations, and trends in the data set. Big Data inundates business on a day-to-day basis. What enterprises do with this huge amount of data is far more important than the amount of data in itself. Big Data insights lead to better decision making and strategic business moves.

READ MORE: https://www.newgenapps.com/blog/main-reasons-for-failures-of-most-big-data-projects

When you think of big data, you usually think of applications related to banking, healthcare analytics, or manufacturing. After all, these are some pretty massive industries with many examples of big data analytics, and the rise of business intelligence software is answering what data management needs. However, the usage of data analytics isn’t limited to only these fields. While data science is a relatively new field, more and more industries are jumping on the data gold rush.

READ MORE: https://www.datapine.com/blog/big-data-examples-in-real-life/

With every new day, we are inching towards an AI-first world, and this is a great time for tech startups to make their mark. As we all know AI and robots are the way to the future, a number of the Venture Capital firms and tech investors are having a bird’s eye view of the tech industry for all the novel ideas that you can turn into reality. So, DREAM BIG, ACT NOW – is the new motto.

READ MORE: https://www.cloudways.com/blog/best-startups-watch-out/

FinTech hashtagHKICTAwards2019 hashtagHKIB Hong Kong ICT Awards 2019 – FinTech Awards is now open for application. The deadline of enrollment is Jan 18 noon. Don’t miss this golden opportunity to showcase your innovation to the financial services, and innovation and technology industry. This award is highly recognized by leading financial services institutions and investors, governments, regulators and startup ecosystems in Hong Kong and Asia.

In encouraging the development of FinTech innovation and solutions for enhancing operations and fostering new modes of business for the financial sector, the FinTech Award aims to develop HK into a financial technology hub.

It is my honour to be the Chief Judge of this year’s HKICT Awards – FinTech Award and have a chance to collaborate with leaders from financial services institutions and FinTech start-ups in our judging panel. Appreciate Hong Kong Institute of Bankers to be the leading organizer of this award for the last 2 years and this year. Thanks to Carrie Leung Philip Kam

The FinTech Award has three streams:
1. Banking, Insurance & Capital Market
2. Emerging Solution
3. RegTech, Risk Management and FinTech Security

Please visit HKIB website https://lnkd.in/fs6zyte hashtagHKPC hashtagCyberport hashtagSTP hashtagInvestHK hashtagASTRI hashtagHKMA hashtagSFC hashtagHKIA hashtagIFTA hashtagFTAHK

FinTech hashtagHKICTAwards2019 hashtagHKIB Hong Kong ICT Awards 2019 – FinTech Awards is now open for application. The deadline of enrollment is Jan 18 noon. Don’t miss this golden opportunity to showcase your innovation to the financial services, and innovation and technology industry. This award is highly recognized by leading financial services institutions and investors, governments, regulators and startup ecosystems in Hong Kong and Asia.

In encouraging the development of FinTech innovation and solutions for enhancing operations and fostering new modes of business for the financial sector, the FinTech Award aims to develop HK into a financial technology hub.

It is my honour to be the Chief Judge of this year’s HKICT Awards – FinTech Award and have a chance to collaborate with leaders from financial services institutions and FinTech start-ups in our judging panel. Appreciate Hong Kong Institute of Bankers to be the leading organizer of this award for the last 2 years and this year. Thanks to Carrie Leung Philip Kam

The FinTech Award has three streams: 1. Banking, Insurance & Capital Market 2. Emerging Solution 3. RegTech, Risk Management and FinTech Security

Please visit HKIB website https://lnkd.in/fs6zyte hashtagHKPC hashtagCyberport hashtagSTP hashtagInvestHK hashtagASTRI hashtagHKMA hashtagSFC hashtagHKIA hashtagIFTA hashtagFTAHK

Hong Kong ICT Awards 2019 – FinTech Awards is now open for application. The deadline of enrollment is Jan 18 noon. Don’t miss this golden opportunity to showcase your innovation to the financial services, and innovation and technology industry. This award is highly recognized by leading financial services institutions and investors, governments, regulators and startup ecosystems in Hong Kong and Asia.

In encouraging the development of FinTech innovation and solutions for enhancing operations and fostering new modes of business for the financial sector, the FinTech Award aims to develop HK into a financial technology hub.

It is my honour to be the Chief Judge of this year’s HKICT Awards – FinTech Award and have a chance to collaborate with leaders from financial services institutions and FinTech start-ups in our judging panel. Appreciate Hong Kong Institute of Bankers to be the leading organizer of this award for the last 2 years and this year. Thanks to Carrie Leung Philip Kam

The FinTech Award has three streams: 1. Banking, Insurance & Capital Market 2. Emerging Solution 3. RegTech, Risk Management and FinTech Security Please visit HKIB website https://lnkd.in/fs6zyte

Lessons learned from 8 Unicorns from Hong Kong and Shenzhen. Unicorns from Hong Kong Klook Sensetime TNG Welab and Unicorns from Shenzhen 柔宇 優必選 百迈 微物联 were sharing their Road to Unicorn “成獸之路” last week in Cyberport Hong Kong. Thanks for HKITJC 深港科技社团联盟 to organize it. Some key takeaways from these top start-ups: 1. Have a great vision and build that from inside to outside 2. Attract talents and be able to keep them 3. Able to overcome major challenges like running out of cash but hang on to continue (many of them faced this in their journey) 4. B2B is important as it’s not just for win-win for business but co-creating a much better customer experience to customers 5. Young talents may not be ready to be an entrepreneur but they may like to join a promising start-ups. Inspire them.and have them to join you. More… Thanks to Alex Kong (江庆恩) Tat Lee David Liu Sensetime 尚海龍