On the eve of Hong Kong FinTech Week, Musheer Ahmed provided members of Asia Insight Circle a preview of the world’s first cross-border financial technology conference taking place in Hong Kong, Asia’s financial capital, and in Shenzhen, China’s Silicon Valley. Some 8,000+ attendees from over 50 countries will meet to preview, share, and discuss technology trends impacting the financial services sector.

Mr Musheer is General Manager of The FinTech Association of Hong Kong (FTAHK) – an independent, not-for-profit, membership based association representing Hong Kong’s local and global FinTech community.

Deloitte has ranked Hong Kong fifth in the world among fintech centres, behind London, Singapore, New York and Silicon Valley, but the city’s impressive business culture, high-tech infrastructure, government support and funding, along with a world-class talent pool, are proving attractive to fintechs. (Source: Asia Times)

FinTech Week features over 200 of the world’s top FinTech founders, investors, regulators, and academics, who are shaping the future of financial services by driving a technological revolution in the industry across Asia and globally.

Among the keynote speakers is Oleg Tinkov, founder of the Tinkoff Bank – the world’s largest fully online bank, and today one of the most profitable banks in the world. Tinkoff Bank received ‘Bank of the Year’ status from Financial Times Banker Magazine in 2017.

Even those not in financial services benefit from understanding the business shifts underway, said Musheer. He discussed at length the creation of ecosystems bringing together financial services with other industries, whether healthcare of supply chain.

“The emergence of ecosystems marks a shift in the landscape as unexpected alliances are forged, sector boundaries blur, and long-standing strengths count for less. It also marks a shift in how business leaders manage relationships within an ecosystem.” (Source: “Winning in Digital Ecosystems” by McKinsey)