Unleashing the Potential of Hong Kong when True

FinTech is Taking Off

Emil Chan25.05.2016

acmcp.org

Emil Chan

Cambridge Dictionary

(the management of) a supply of money

What is Finance

Wikipedia

• It is an economic industry composed of companies that use technology to make financial services more efficient.

• Financial technology companies are generally startups trying to disintermediate incumbent financial systems and challenge traditional corporations that are less reliant on software

What is FinTech?

DJI The Future is Possible

620

source: Bank 3.0

Time of Technology adoption

Why Banking Is No Longer Somewhere You Go But Something You Do

16

11.11.2015 Beyond a Shopping Carnival

Types of FinTech

ePayment P2P LendingBig Data Finance

CrowdFunding

The History of Money

In Sweden a Cash-Free Future Nears

Innovation of Electronic Retail Payment Systems in Hong Kong

Year Innovation

1980 ETC

1982 JETCO

1985 EPS

1993 PPS

1996 RTGS

1997 Octopus

The Innovation of Octopus in last 20 years

Year Innovation

1994 Proposed by MTRC

1997 Used on MTR, buses and ferries

2000 Accepted by 7-11

2006 Citybank issued Built-in Octopus Visa Cards

2010 Selling of Customer Database

2014 Support AliPay with Mobile App

2016 Mobile App O!ePay Launched

http://unwire.hk/2016/04/22/416280/people-interview/

Don’t waste our time

HKMA’s roles on FinTech

As a regulator

• Proposed a regulatory regime for Stored Value Facilities (SVFs) and Retail Payment Systems (RPSs)

HKMA’s roles on FinTech As a facilitator

• E-bill presentment and payment platform

• E-cheque

• NFC Mobile payment

When the coach is also the referee

Hong Kong to launch e-bill payment in 2013

Flow of eCheck

The Project Schedule of eCheck

Major Milestone Start EndPublic Consultation Jun 2012

System Development Mar 2014 May 2015

Internal Test Jun 2015 Sep 2015

Member Bank Test Aug 2015 Sep 2015

Simulation Test Sep 2015 Nov 2015

Soft Launch 12 Dec 2015

Public Launch 31 Mar 2016

9 Banks With iPhone Remote Check Deposit Apps - APPS MOBILE 06/13/2011

• According to a recent Federal study, the use of paper checks have declined 7.1% since 2006 thanks to a 45% growth in electronic payments; but that doesn’t mean we are done with good old-fashioned paper checks that account for 24.5 billion in annual payments

• Odds are no matter how digital you make your life you’ll still receive a few paper checks each year. With this in mind, we found 9 banks that will let you use your iPhone camera to remotely deposit your check, no matter where you are

The Root of the Matters

WeChat Payment

T + 1

T + 0

Fund

T + 1T + 0 营运商银⾏

付费银⾏

收款银⾏

营运商银⾏T + 0

Smartone

Apple Pay

Tokenisation

Blockchain

UberEveryone’s own Private Driver

AirbnbWelcome Home

Segwaythe leader in personal, green transportation

The Salt Merchant

AIDA Model

AIDA AISAS

O2O

The Lame Duck

back in 2012

mall.ccb.com

DAO - Distributed Autonomous Organization

Financial Services as a Market Place

Wool comes from the pig's back One gets the benefit for free and

the price is paid by someone else

Bigs can fly if they find where wind blows