News > FinTech

Chinese use apps to diversify investments
FinTech
Apps are rapidly changing the investment habits of ordinary Chinese, opening up alternative markets to diversify their portfolios. This is especially important after last year's wild gyrations in domestic share prices as well as the continued slide in the renminbi. The apps are targeted at modest investors, mainly because tight capital controls restrict individual annual outflows to $50,000, says The Wall Street Journal.
AI could replace half of Japanese workers in 10 years, says study
FinTech
The tasks of half of Japan's workers could be performed by artificial intelligence or robots in 10 to 20 years, according to researchers at Britain’s University of Oxford and a Japanese think tank . The Oxford Martin Program on Technology and Employment, and the Nomura Research Institute looked at the potential impact of computerization on more than 600 types of jobs in Japan that employ 42.8 million
LOL – Silicon Valley hierarchy of needs [CHART]
FinTech
This chart first appeared in ValueWalk. Photo: Matt Olsen
Video: The biggest barrier to entry: Developing domain knowledge
FinTech, Video
Ajmal Samuel, CEO, Octo3 discusses with NexChange the biggest barriers to entry for wannabe disruptors in Hong Kong: domain knowledge. Most don't understand the arcane details and the challenges entailed when it comes to fintech -- and when they do, many just "run away."
Video: MaRS focuses on global partnerships for fintech companies
FinTech, Video
Toronto-based MaRS is forging partners globally to benefit fintech companies. In November, MaRS paired up with Hong Kong's Cyberport for a one-day conference. In an interview with NexChange, Adam Nanjee, head of financial technology at MaRS, explains the strategy and how it benefits fintech startups.
Blockchain ends the year reaching a major milestone
FinTech
As we go into 2016, blockchain’s role in the future of finance is less of an idea and more of a reality as Nasdaq claims to have made the first blockchain-based share sale. Blockchain, the decentralized digital ledger technology that underpins cryptocurrencies, has been one of the big buzzwords in financial technology over the past couple of years as banks
Video: Hong Kong needs to cultivate more IT talent to match its finance skills
FinTech, Video
Jacob Wai, a committee member of the Hong Kong Computer Society, says Hong Kong needs to cultivate more IT talent to get to the next level in fintech. In an interview with NexChange, Wai notes that the island nation has a superior finance talent base.
Video: Hong Kong needs more accelerators to nurture its fintech ecosystem
FinTech, Video
Hong Kong needs to develop more accelerators and angel investors, says Tak Lo, director, TechStars in London. "There is lots of private money in Hong Kong spent on other things," he tells NexChange at an O-2-O event sponsored by Cyberport.
Video: Hong Kong startups in early stage — imitating others, not tackling local problems
FinTech
Hong Kong is still in the very early phases of developing a startup ecosystem -- founders are imitating others rather than tackling local problems, says Tak Lo, director, Techstars in London. At a recent O-2-O meetup at Cyberport in Hong Kong, Lo tells NexChange startups are "recycling" ideas. As they mature they will become more focused on what is needed
Video: The MaRS hub helps young companies grow by focusing on four key needs
FinTech
Toronto-based MaRS serves as a hub for young companies ready to grow. In an interview with NexChange, Adam Nanjee, head of financial technology at MaRS, explains the basic needs of these companies: access to venture capital, customers, talent, and exposure.