Unleashing the Potential of Hong Kong when True FinTech is Taking Off

1. Unleashing the Potential
of Hong Kong when True
FinTech is Taking Off
Emil Chan
25.05.2016
acmcp.org

2. Emil Chan

3. Cambridge Dictionary
(the management of)
a supply of money
What is Finance

4. 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?

11. DJI
The Future is Possible
620

15. source: Bank 3.0
Time of Technology adoption

16. Why Banking Is No Longer Somewhere
You Go But Something You Do
16

17. 11.11.2015
Beyond a Shopping Carnival

18. Types of FinTech
ePayment P2P LendingBig Data
Finance
Crowd
Funding

19. The History of Money

21. In Sweden
a Cash-Free Future Nears

22. Innovation of Electronic Retail
Payment Systems in Hong Kong
Year Innovation
1980 ETC
1982 JETCO
1985 EPS
1993 PPS
1996 RTGS
1997 Octopus

23. 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

24. http://unwire.hk/2016/04/22/416280/people-interview/
Don’t waste our time

25. HKMA’s roles on FinTech
As a regulator
• Proposed a regulatory regime for
Stored Value Facilities (SVFs) and
Retail Payment Systems (RPSs)

26. HKMA’s roles on FinTech
As a facilitator
• E-bill presentment and payment
platform
• E-cheque
• NFC Mobile payment

27. When the coach is also the referee

28. Hong Kong to launch e-bill
payment in 2013

31. Flow of eCheck

32. The Project Schedule of eCheck
Major Milestone Start End
Public 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

33. 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

34. The Root of the Matters

35. WeChat Payment

36.
T + 1

37. T + 0

38. Fund
T + 1T + 0
营运商
银⾏
付费
银⾏
收款
银⾏

39. 营运商
银⾏T + 0

43. Smartone

47. Apple Pay

48. Tokenisation

51. Blockchain

60. Uber
Everyone’s own Private Driver

61. Airbnb
Welcome Home

62. Segway
the leader in personal, green transportation

63. The Salt Merchant

64. AIDA Model

66. AIDA AISAS

67. O2O

68. The Lame Duck

69. back in 2012

70. mall.ccb.com

74. DAO - Distributed Autonomous Organization

76. Financial Services as
a Market Place

85. Wool comes from the pig's back
One gets the benefit for free and
the price is paid by someone else

86. Bigs can fly if they find where wind blows