The FinTech Association of Hong Kong announced its formal launch on Wednesday, aiming to champion an open, inclusive, and diverse FinTech community in the city.
More than 300 guests from across the local FinTech, financial and wider business community attended the launch event, according to the organization, which is an independent, not-for-profit, member-driven association that draws its members from across the FinTech and wider financial industry. Some of its members include HSBC and FinFabrik, a local fintech startup.
The association said its three main goals include advocate, collaborate, and educate, elaborating them as creating a unified voice for the Hong Kong FinTech ecosystem, bringing together the diverse parts of the community, and learning from existing leaders and nurturing the next generation of talent.
The Association is organized and led by the community for the community through various committees. These committees are focused on key sectors including blockchain, artificial intelligence, big data, payments, RegTech and financial literacy, among others. Led by volunteers from each field, the committees bring together interested parties from across Hong Kong and beyond to facilitate, mentor and educate on their subject areas, the association noted.
“We look forward to working with the entire ecosystem, from startups and financial institutions to regulators and government, to drive FinTech forward not only in Hong Kong but also globally,” said Henri Arslanian, board member, FinTech Association of Hong Kong and FinTech & RegTech Leader for China/Hong Kong at PwC.