WHAT IS FINTECH

Fintech leverages technology resources, including web and mobile applications, to more effectively deliver financial services.

In the same way, the Internet revolutionized information exchange and the mobile phone transformed communications, FinTech applies information and communications technologies in innovative new ways to disrupt how financial services are delivered today. Existing FinTech services include internet banking, mobile phone payments, P2P# lending, and equity crowd-funding, with on-going development of new financial service models.

Lower costs
+
Radical Innovation

Reshaping the Future of the Financial Services Industry

Financial Technology
+
Direct Customer Connectivity

 

# This is a modified, indirect P2P model. P2P lending may adopt a direct lending model, where investors lend directly to borrowers, or an indirect lending model, where intermediaries raise funds from investors and lend money to borrowers.

HOW ARE YOU CURRENTLY DEALING WITH FINTECH COMPANIES

Many firms in the financial services industry greatly underestimate the potential benefits and threats brought by the rise of FinTech. One out of every four firms in the financial services sector is completely uninvolved with FinTech.

P2P# LENDING

  • An innovative and exciting new way of facilitating financial transactions
  • Exclusively designed for individual borrowers and investors
  • Well-structured online financial marketplace
  • Fewer intermediaries and lower operating costs
  • Borrowers and investors benefit from a more streamlined process
  • Borrowers get better rates on their loans than from traditional financial institutions
  • Investors earn better returns than they would through a bank

# This is a modified, indirect P2P model. P2P lending may adopt a direct lending model, where investors lend directly to borrowers, or an indirect lending model, where intermediaries raise funds from investors and lend money to borrowers.

BLOCKCHAIN

  • Blockchain is the technological framework behind the online currency Bitcoin
  • Essentially, it is a tamper-proof record of all Bitcoin transactions that take place
  • Recently, fintech researchers have found many ways to expand the use of Blockchain technology
  • As the technology is publicly available (open source), banks and other financial institutions have been working on it to develop what is known as Distributed Ledger Technology
  • DLT, as it is commonly known, leverages the decentralized nature of the technology and uses is to create tamper-proof, verifiable public records of transactions that will aid financial institutions in preventing fraud and money laundering, maintaining detailed records, and filling gaps in the supply chain

CROWDFUNDING

There are several forms of crowdfunding:

The most common is financial return crowdfunding

P2P# Lending

A platform to match borrowers with lenders for non-guaranteed loans

Equity Crowdfunding

Investors invest in a project, usually a start-up, by buying equity. The investor profits by selling their equity or by earning returns from the project’s income.

Other financial return crowdfunding includes:

Donation Crowdfunding

Crowdfunding for charity

Reward Crowdfunding

Provide funding to trade commodities or services

# This is a modified, indirect P2P model. P2P lending may adopt a direct lending model, where investors lend directly to borrowers, or an indirect lending model, where intermediaries raise funds from investors and lend money to borrowers.

HONG KONG FINTECH LANDSCAPE

The Hong Kong Government established the Steering Group on Financial Technologies (“Steering Group”) in April 2015 to advise on how to develop Hong Kong into and promote Hong Kong as a FinTech hub.

FinTech refers to the application of information and communication technology (“ICT”) in the field of financial services, including:

  • Digital payment and remittance
  • Financial product investment and distribution platforms
  • Peer-to-peer financing platforms
  • Cyber security and data security technology
  • Big data and data analytics
  • Distributed ledger application to new asset classes and processes

Contact Us Today

Worked hard to manage your finances?
Looking for extra cash without extra costs?
You are one click away from financial relief.
GET STARTED NOW !


Apply Now

**The annual percentage rate ranges from 3.8% to 48%. Interest rate on loans is subject to the credit history of each applicant. The repayment period for loans ranges from 6 to 60 months. For example, in the case of an HK $50,000 loan with annual percentage rate of 3.8% and 12-month repayment period, the monthly loan repayment amount would be HK $4,253 and the total repayment amount would be HK$51,036.

Enquiry

+852 2219 2222