TechFlow News, October 24 — According to Ming Pao, Hong Kong's Financial Secretary Paul Chan delivered a speech at the "Asia-Pacific Fintech Innovation Lab 2024" demo day, emphasizing the Hong Kong government's commitment to advancing cutting-edge financial services and reshaping the future of finance. Paul Chan highlighted key focus areas including central bank digital currencies, mobile payments, virtual banking, virtual insurance, and virtual asset trading.
The event, co-organized by Accenture and Cyberport, was themed “Accelerating Fintech Excellence.” Eight shortlisted startups presented solutions spanning generative AI, customer experience optimization, wealthtech, insurtech, green fintech, and Web3.0. These startups were selected from over 100 applications across more than 35 countries and regions.
Representatives from leading financial institutions, including HSBC, JPMorgan Chase, and AXA, shared insights on topics such as wealthtech, insurtech, and green fintech. Also in attendance were Cyberport Chairman Clement Chen and Dr. Daniel Hsu, Managing Director of Accenture Greater China and Head of Hong Kong Financial Services.
The "Asia-Pacific Fintech Innovation Lab" has been operating for 10 years, attracting over 1,600 applications from more than 35 countries and regions. Participating companies have collectively raised over USD 1 billion, launched 407 proof-of-concept initiatives, completed more than 332 pilot projects, and seen 15 of them acquired.
