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Banks should look at Design Thinking as a way to compete with the emerging fintech sector
A report by Oliver Wyman and IESE Business School suggests that banks should leverage “Design Thinking” to evolve their business models, in an era where traditional ways of doing business are threatened by the prolifetation of fintech. In the financial
Read MoreHow other countries can learn from China’s digital payment platforms
A case study by Better than Cash Alliance has presented ways in which the developing world can learn from China when it comes to digital payment modes. The study, titled Social Networks, e-Commerce Platforms, and the Growth of Digital Payment
Read MoreHong Kong Central Bank Sees Potential in Blockchain Technology
Distributed ledger technology (DLT), also referred to as blockchain technology, could benefit both customers and banks by providing better banking services to users, while helping financial institutions offer services of greater security, quality and efficiency, according to a report by
Read MoreFounder of Pebble Eric Migicovsky Shares Lessons with Hong Kong Entrepreneurs
Organised by Brinc, KPMG and Invest HK, the founder of Pebble, Eric Migicovsky shared what he learned during his 8-year entrepreneurial journey at Pebble last Thursday evening. From the name “Pebble”, to Kickstarter hero and the whole process of launching
Read More21% of Hong Kong Banks Eyeing Fintech
Banks and asset managers that are first movers in fintech reap big rewards, says a Simmons & Simmons Study. Fintech start-ups has attracted growing investment over the past few years, according to a study titled “Hyperfinance” by Simmons & Simmons
Read MoreHong Kong Institutions Fall Behind on Fintech Innovation
Only 51% of Hong Kong institutions have adopted a ‘disruptive’ strategy, compared to 56% globally and 59% in China, according to the PwC Global Fintech Survey 2017. However, 82% of financial institutions in Hong Kong intend to form partnerships with
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