This post takes stock of our active partners in Fintech (金融科技).
Recently I joined the PolyU Entrepreneurship Parade 2018, where 40 startups supported by the funding programmes of PolyU showcased their projects and successful startup entrepreneurs shared their experience and insights of their startup journeys. The event provided a valuable platform for over 200 startup entrepreneurs and industry professionals to get connected with each other. In the event you could feel the vibrant startup scene in Hong Kong!
In the touring of exhibitions, there was a variety of innovative startup projects and initiatives, in fields as diverse as mobile app management, educational simulation games, martial arts, hearing aid, cultural preservation, green energy generation, etc. A majority of the initiatives utilised state-of-the-art innovation technologies like AI (Artificial Intelligence), robotics, AR (Augmented Reality) and so on. I was excited to see creativity and innovation being adopted in many new disciplines.
There are many local startup incubators such as Science Park and Cyberport. PolyU is one of the largest university-based startup incubators in Hong Kong. It is encouraging to know that since its launch in 2011, it has supported more than 230 startups and 680 entrepreneurs. Hopefully in the future more domain-specific like FinTech incubators can be set up to support more local startups to push forward a smart city.
巡禮展示了多個不同類型的創新項目，應用領域十分多元化，如手機程式管理、教學遊戲、武術、聽力支援、文化保育、綠色能源等等，大部分項目採用了創新科研技術，如人工智能（Artificial Intelligence）、機械人（Robotics）、擴增實境（Augmented Reality）等等。看到創新技術在越來越多新領域得到使用，真是振奮人心。
Copenhagen is well known for being a happy and smart city. That’s why I was really excited about joining the Startup Weekend of the Copenhagen Fintech Week and couldn’t wait to meet the dynamic FinTech startup community there!
The Copenhagen Fintech Week was an international event where people from all around the world came together to share insights on latest hot topics in the Fintech world like artificial intelligence (AI), blockchain, cybersecurity, Sustainable Development Goals (SDGs), open banking, etc. As part of the Copenhagen Fintech Week, the Startup Weekend embraced novel ideas from Fintech startups and provided a competitive yet potentially collaborative platform for innovation initiators. There we worked on projects that interested us, honed our ideas with exchanges from fellow participants and help from coaches, and finally got to pitch our work.
It was a valuable experience working and interacting with inspiring people, and building up our ideas with the insights and experience from like-minded fellows. I really appreciated the opportunity and looked forward to more to come!
哥本合根的金融科技周是個國際盛事，來自世界各地的專業人士會聚首一堂，分享探究金融科技世界最新最流行的議題，這次的主題涵蓋人工智能（Artificial Intelligence），區塊鏈技術（Blockchain）、網絡安全（Cybersecurity）、可持續發展目標（Sustainable Development Goals）、開放銀行（Open banking）等等。而初創周末作為金融科技周的一部分，特別為初創企業和項目發起人提供一個鼓勵協作又具競爭性的平台，讓我們能在此開展我們感興趣的想法或項目，並藉着和與會者交流看法和導師的建議而加以完善，最後我們有機會匯報自己的項目提案。
This month saw the exciting news of HSBC and Dutch Bank ING making a commercial trade finance deal using blockchain, which was the first application of this disruptive technology in trade finance. The banks handled the transaction for the US agriculture group Cargill, for a shipment of soybeans from Argentina to Malaysia. The transaction time and paperwork exchange would normally take 5 to 10 days but the technology shortened it to 24 hours.
The transaction was completed on Corda Blockchain, a platform developed by the R3 consortium. The technology substantially cut the transaction time, allowed real-time tracking of goods and documents in a more secure manner, and facilitated instantaneous paper reconciliation. The transaction is a milestone for blockchain application in the banking industry. Let’s see what will come out of it in the future!