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APAC FinTech Roadshow to Hong Kong

November 4 - November 9

Objectives

  • Matchmaking U.S. FinTech companies and accelerators to Asia Pacific investors, leading financial technology companies, banks, insurance companies, and startups
  • 8 to 10 private, pre-qualified one-on-one matchmaking meetings for each U.S. participant
  • Sector Briefing by U.S. Consulate and Hong Kong Experts
  • Networking Reception, Hong Kong

Why Hong Kong and Asia-Pacific’s FinTech Sector…

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  • 59.6% of the world’s population (4.58 billion) live in the APAC (Asia Pacific) region
  • By 2020 Millennials and Generation X will control 50% of all investable assets.
  • APAC’s unbanked population is large
    • 73% in SE Asia or 438 million
    • 250 million in India
    • 500 million in China
  • 75% of Asian consumers use a smartphone
  • According to a 2019 FICO survey of APAC banks and bankers:
    • 91% of risk officers see themselves behind banks in the US and Europe in terms of implementing AI technologies
    • 68% see credit decisions will benefit most from AI and machine learning
    • 74% fraud will increase moderately or significantly in 2019
    • 50% of banks simply block cards on first fraud alert
    • Fraud is the leading indicator for 80% while only 6% ranked customer satisfaction as their No. 1 metric!
    • 80% of AML budgets are related to headcounts…..done manually by large AML teams
  • Six of the top 10 FinTech Hubs are in Asia

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Details

Start:
November 4
End:
November 9
Event Category:
Event Tags:
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Website:
https://www.phmintl.com/hk-roadshow/

Venue

Trade Mission