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Last Updated: 19-Apr-2017
FinTech - A Possible Opportunity or a Challenge to Traditional Banks?
Date:
29-Apr-2017
Time:
1:10pm - 2:20pm (Light refreshments: 12:40 - 1:10pm)
Venue:
Rm 1005, LSK Builidng, HKUST
Speaker:
Mr. Raymond Cheng, Group General Manager & COO, HSBC Asia Pacific

Synopsis of the seminar:


FinTech is a very popular term today and has received a lot of attention in the popular press. In fact, it is making a great impact in the FSI (finance, securities and insurance) industries and other business sectors. Disruptive technologies like Bitcoin and Blockchain, it is said have the potential to revolutionize how the companies in the FSI industries operate. In such an environment, it is incumbent on firms in the FSI industries to evaluate the impact of FinTech.

HSBC, as other companies in the industry, has realized the rapid growth of FinTech as well as recognized the disruptive potential of these technologies, and is constantly trying to utilize them to develop a more competitive and sustainable business.

As part of its strategy in the FinTech area, HSBC realizes that nurturing talent is always a key factor to success in this area. Talented people, especially the innovative ones are the foundation to building an advanced FinTech ecosystem. The people talent and FinTech ecosystem are the top priorities to maintain Hong Kong as a world class international financial center. In this talk, the speaker shall share his thoughts on Fintech, HSBC’s approach to FinTech and nurturing talent in this area.


Bio-sketch of speaker:


Mr Raymond Cheng has been working in the IT sector of Hong Kong for over 30 years. He specializes in applying Information Technology to support banking products/services and banking internal operations. Currently, Mr Cheng is a Group General Manager and Chief Operating Officer for HSBC in the Asia Pacific region. He is an Executive Committee member of HSBC Asia Pacific, assuming overall responsibility for Information Technology, Back Office Operations, Transformation, Corporate Real Estate and Procurement covering 20 countries in the Asia Pacific region. Mr Cheng is the Chairman of HSBC Technology and Services (China) Limited, HSBC Electronic Data Processing (Guangdong) Limited, Hong Kong Interbank Clearing Limited and HKICL Services Limited. He is also a Director of HSBC Bank (Vietnam) Limited, Hong Kong Notes Printing Limited and Hong Kong Science & Technology Parks Corporation.

Mr Cheng has strong connections with IT professional bodies and the IT community in Hong Kong. Mr Cheng has been active in promoting IT in Hong Kong. He has served as an Executive Committee member in IT professional organizations, led several major international IT conferences, and participated in an advisory role for strategic IT agenda (including data centre, eCommerce, FinTech, IT training and certification, etc). Mr Cheng graduated from the University of Hong Kong and has undertaken research work in the Netherlands.

 

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