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Vol. 136 Jan 2020
Cyberport spotlights digital trade finance and virtual banking at AFF 2020
As Hong Kong’s leading FinTech hub, Cyberport has again greatly supported the 2-day Asian Financial Forum (AFF) as the event’s FinTech partner this year through a series of exciting happenings including the hosting of an Innotalks session, showcasing handful of innovative Fintech start-up solutions, deal flows and project presentations.  AFF 2020 carried the theme “Redefining Growth: Innovation ∙ Breakthrough ∙ Inclusiveness”.
The InnoTalks session chaired by Cyberport was titled “Unleashing FinTech Innovations: Virtual Banking and Trade Finance” to explore future development opportunities and obstacles in virtual banking, as well as the market outlook for trade finance.  It highlighted the thought leadership of Cyberport and its community on how FinTech development fosters the integration between traditional and new economy, and encouraged Hong Kong start-ups to capture opportunities arising from the new era of virtual banking and digitalised trade finance to keep up with the lightning speed of the city’s development.  
During the welcome remarks and a fireside chat with Fintech disruptors, Cyberport Chairman Dr Lee George Lam said, “Fostering FinTech development to boost the Hong Kong financial industry’s competitiveness is very important. More than 30 Cyberport start-ups have devoted themselves to digital trade finance and blockchain-related business, aiming to provide a win-win solution that is fast, reliable and cost-effective for SMEs and investors.”  The fireside chat featured Hong Kong’s virtual bank pioneers including Rockson Hsu, CEO of ZA Bank; Michelle Li, CEO of AMTD Digital and Simon Loong, Founder and CEO of WeLab.
Following the fireside chat was a panel discussion on “A New Digital Era of Trade Finance in Hong Kong & Asia”, moderated by Cyberport’s Chief Public Mission Officer Eric Chan who discussed the market outlook for trade finance with start-up founders Andy Chan of Qupital, Gianluca Pizzituti of Velotrade, Maverick Tam of Hong Kong Trade Finance Platform Company Limited and Terence Yeung of MoneySQ.com.

Dr Lam added, "Digital trade finance offers huge development potential. Many Hong Kong start-ups have mastered advanced blockchain technology, applying it to digitalise local and cross-border trade finance as well as participating in the establishment of a digital trade finance platform. These innovative solutions could help reduce SMEs’ business costs and enhance trade efficiency by eliminating cross-border trade barriers and accelerating transaction processes, thus promoting international trade and reinforcing Hong Kong’s position as an international financial and trade centre."

The Cyberport pavilion showcased cutting-edge innovations and solutions of leading start-ups to international participants to seek exposure and collaboration opportunities.  These start-ups cover businesses within cross-border payment, InsurTech, wealth management and trade finance, including Ix Fintech, BOOQED, Gini and TranSwap; incubatees Avo, AQUMON, and ESG Matters; and Smart-Space tenant, Velotrade and more.

Cyberport also organised a Financial Technology Session during the AFF Deal Flow Project Presentations and Networking Hours. Four start-ups from the Cyberport community – Riskflo, Roots, Mojodomo and ESG Matters pitched to global investors.

Click HERE to view a quick highlight of Cyberport’s exciting happenings at AFF. 
Cyberport spotlights digital trade finance and virtual banking at AFF 2020
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