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“Banking is necessary, but banks are not” is no less influential than “Information at your fingertips” from the game changer BillGates. In 2020, Hong Kong Financial Services incumbents will be facing even more disruption from the tech giants like Alibaba & 700+ FinTech startups in HK. The 8 VirtualBanks will start launching their innovative offerings in 2020. What the incumbents & the FinTechs should do?

In the NEXX Forum in Cyberport, I had a discussion w/ Will Ross CFA from Citi & Ray Chou on the Disruption for Banking in 2020. The key takeaway is that competitions actually drive both incumbents and FinTechs to do more for the best of their customers. It implies collaboration in ecosystem. Anna Yip from Smartone shared how5G adds value to FinTech & how industry crossover & hackathons help their company to innovate for customers. Jeffrey Ng, CFA, MBA from PingAn OneConnect talked about how their technologies are helping incumbents to overcome the digital challenges & meet customer expectations. Garry Sien from Alibaba shared their experience in GBA cross-border FinTech initiatives. Barry Chan from IBM Peter Koo FCPA,CA,AICPA,CPA (Aust),CIA,CFE,CISA,CISM,CGEIT from Deloitte Emil Chan ZABank DBS shared great insight.

Thanks to Eric Chan & Mann WM Yim

 

Macau gets into the next decade with great opportunities. It was not said for no reason.

The new government will start on 20 December 2019. It will be led by a great leader Ho Iat-seng who has extensive experience in various industries and a strong relationship with the mainland and Asia.  In addition, all casinos are required to renew their licenses by 2022. The policies of the Greater Bay Area from the Central Government will be provided more support to Macau. Portuguese-speaking countries, such as Portugal and Brazil, provide good access to their home markets plus countries in Europe and Latin America. More are being explored like RMB Clearing, Stock Exchange, Green Financing, Smart City, MICE, etc. Certainly, there are challenges to be resolved by the new administration together with the business and academic leaders in Macau.

In the past few years, I have been contributing to the government, business and academic communities in Macau especially on innovation and Technology (FinTech, AI, Big Data, Smart City ), Entrepreneurship, Talent Development, and Training areas.

If you are interested in sharing your knowledge and contributing your expertise with Macau or if you have ideas or plans to leverage these opportunities in Macau, please feel free to contact me for potential collaboration.  Let’s nurture Macau to be another great and smart city in the Greater Bay Area and contribute to improving the quality of lives and economy in the region.

Here are some of the snapshot photos taken in my engagement with Macau societies. 

[Best_Wordpress_Gallery id=”19″ gal_title=”Macau”]

Congrats to Hong Kong Startups Ecosystem. 3 flagship events are all in this week. InvestHK HKFinTechWeek, Cyberport Venture Caplital Forum (CVCF) and HKSTP ElevatorPitch (EPiC). We altogether organized a super successful startups week in Hong Kong and for HongKong even under the recent situation in Hong Kong. Thank you.

What we can do these days is not to give up or stop our innovation and technology aspirations. Rather we need to work together even harder and contribute even more to continue building on what we have established in the past few years and keep cultivating our startups. That is the way we can help HK in this stage and sustain our strength. Let’s keep on our momentum.

Glad to see many friends this week Peter Yan Albert Wong Hugh Chow King Leung Jessica Ng Curtis Chan Benjamin Wong Charles Lam Stella Kwan Teddy Lui Queenie Chang Peter Mok Alice So Anvil Ng Peter Yeung AC Andy Michael Sukui Xue Ivan Yip Pierre Wang Eddie RONG Ken Lo Samuel C.H. Wan and the list goes on and on. Glad to see you all there. Thanks for your effort and support.

AI BigData FinTech HealthTech SmartCity

Digital Transformation for SME is very critical for small to medium-sized companies in Hong Kong and many cities in  Asia to operate, compete and survive in the ever-changing digital world. from Metro Radio & I have been doing a series of chats with innovative start-ups and large companies in Hong Kong to tap into their minds and how they help SME to transform digitally. You can listen to the program 智識做老闆 from this link: https://lnkd.in/fvCkxmT

Jul 27 HSBC Daniel Chan Support SME Digitalization

Jul 20  Backers Damien Ng Match  innovators with  retailers

Jul 13  Raspect Harris Sun Use  AI to inspect buildings & roads

Jul 6  Quikec Peter Li Use AI to do QA & QC for  manufacturing

Jun 29  LivelyImpact Ivan Ng Leverage BigData to do smart advertising

Jun 22 theAnswr Edmund Lee Democratize Big Data Analytics to the mass

Jun 15 Posify Make online & offline O2O retailers to do business easier

Jun 8 CryptoBlk Duncan Wong Apply blockchain in the real world

Jun 1 OpenCertHub Dr. CHARM Toa Build startups ecosystem Certify Big Data & AI talents

Let me know if you would like to know more how Digital Innovation can empower your businesses & operations. Thanks Christine Lam & all of guests to share their valuable experiences with us.

The Talents Development Committee of Macau SAR Government to gather overseas Macao’s talents back to Macao to share their experience with the Monetary Authority of Macau, Macau Productivity and Technology Transfer Centre, University of Macau, Macao Young Entrepreneur Incubation Centre, etc.  為促進本澳行業發展、加強專業人員之間的交流,人才發展委員會日前邀請八位居港傑出澳門人士回澳參訪,按其專業所長分別安排前往不同職能的公共部門、高等院校與機構進行交流,並與參訪單位負責人交換專業意見。Macao-native international talents on  FinTech, Chinese Medicine, and  Entrepreneurship were included in this time.   Macao press on the visit

It was my honour to be a part of it and shared my experience on innovation and technology industry, in particular, FinTech, AI, IoT, SmartCity, Entrepreneurship, Startup with senior government officials, corporate executives and academia. It was a fruitful trip to learn how Macao plans to strengthen their business link with Portuguese speaking countries like Portugal Brazil and position themselves in the Greater Bay Area. Also, how they plan to do more on Entrepreneurship and Smart City. With the new Chief Executive on board in 2020 plus the gambling license renewal of the 6 casinos in 2022, Macao will have a great chance to transform and flourish. If you would like to collaborate with Macao, please let me know.

What is the chemistry when we put AI & FinTech together? How top players Payment Mastercard, VirtualBank Lending WeLab & WealthManagement InsurTech Convoy are preparing themselves for the opportunities & challenges in the AI Era? CUHK APIB & Convoy held a forum to explore these hot topics on Jul 5. https://lnkd.in/f5sDQSb

As the keynote speaker of the forum, I delivered a speech on AI Innovation on FinancialServices. It followed by a panel discussion. Special thanks to all panel speakers Kenny Cheng George Lee Ricky Wong.

Key takeaways:
1. data platform talent startup & enterprise collaboration are the sources of today’s FinTech Era
2. If you were not taking any risks, your risk will be even higher.
3. All other payments companies are not our competitors. We worked with partners to connect the dots of data to serve our customers better.
4. When we started, we had zero customer & no data. Used traditional way to loan money out with professional risk management because of no data. We gradually accumulated data and did testing. Now we have millions of customers with powerful big data driven credit scoring with 1000+ plus data points as our predictors.

Appreciated support from Almond Wong Professor Cheung Wendy Lai Tat Lee Helena Chen Bobo Wong Rebecca Wong

Would you like to learn more about AI from the practitioners, startups and veterans including, MasterCard, WeLab FindSolutionAI NewWorld Convoy OpenCertHub & CUHK, on how does AI impact our business, operation and workforce? It is my honour to have the AI leaders from these companies to join my panel discussion on the upcoming AI conferences and forums.

Don’t miss it. Strengthening our DataQuotient DQ to be aCitizenDataScientist is what it takes for our success in the DigitalEconomy. See you there.

Jun 26
Greater China Talent Management Summit 2019 HR HumanResources Competence My panel topic is “Reengineering Work in the Age of AI” https://lnkd.in/fRPfie2

Jun 29
CUHK Business School Global Alumni Forum: Chaos • Order •Lead My speech on “The Engine of Digital Economy ─ Artificial Intelligence & Big Data”
https://lnkd.in/fWM3hwK

Jul 5
Forum On AI Innovations In Financial Service FinTech My panel is on “Cases Sharing & Panel Discussion: Unleash the Power of AI to Bring True Values to Customers in Financial Services”
https://lnkd.in/fXC56th

FinTech IFTA Congrats to all awardees in the IFTA FinTech Achievement Award Ceremony 2018. Find out who the winners are from my reply section below. Thanks for all guests and awardees to join our presentation ceremony and share our honour and joy yesterday. Together we have established Hong Kong as the leading FinTech hub in Asia. Let’s keep it going.

Top organization and individual contributors to FinTech Ecosystem and FinTech talents cultivation received recognition there with the support from both FSTB and ITB.

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

ACCA Hong Kong CFO Summit 2018 was successfully held today. This year’s main theme was AI and EI (Emotional Intelligence). We shared a lot on what AI can do but more importantly what people can do but AI cannot. Our human capability on managing EQ is one of the examples. ACCA published a great report on this. It also mentioned 7 quotients that we should have not only to improve our work but also differentiate us from AI. You may download the report here. http://fqrct.com/t/57d5db3 Thanks for ACCA inviting me to be a panel speaker there and organizing such a great conference including Jane Cheng Teddy Liu Natalie, Leo, Eunice, Venus Tang (鄧麗華) Morison Chan many more friends in ACCA.