Standard Chartered and Liverpool: Who is the Winner of the Premier League 2020?

Writer was exactly a Standard Chartered staff back to 2009. The only feeling of mine about the sponsorship to Liverpool is “Gosh, my year-end bonus is gone”. I believe a lot of people had similar feeling back on that day as year-end bonus substantially contributed the total compensation in banking back to the old day. Today, my feeling to the sponsorship is “Standard Chartered is the winner of recent Liverpool dominated global football era”. How Standard Chartered could make a good deal and foresee Liverpool would get a premier league champion and entitled a UEFA Champions League winner after 10 years? (continue reading)

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Cashless Society

With the escalation of the anti-extradition bill protest, some members of the community are advocating a public octopus strike to boycott the MTR Corporation. However, except for taxi, octopus seems to be the only electronic payment method available for most forms of transport in Hong Kong. This raises several questions: 1) There are many electronic payment methods in Hong Kong, including but limited to credit cards, Apple pay, Alipay, etc., but why the octopus is still the only solution to transportation payment, leaving alone cash? Meanwhile, Hong Kong as an international financial center, why many small shops and vendors still accept cash only, leaving not much sign of a “cashless society”? Recently, with the official launch of the Faster Payment System (FPS), Hong Kong seems to have taken a big step forward, but will it be enough to keep up with its foreign neighbors? (continue reading……)

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FinMonster joined the Asian Financial Forum 2020

Thanks to the Hong Kong Trade Development Council, we are delighted to be one of the exhibitors at the Asian Financial Forum from 13-14 January 2020. It is a golden opportunity for potential investors to know more about FinMonster’s services and visions.

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FinMonster in Asia Financial Forum 2020

FinMonster will attend the biggest event of financial industry in Hong Kong for the first time. We will join as exhibitor in FintechHK Startup Salon with booth number 5C-A20. FinMonster is honored to attend as one of the exhibitors and will be speaking in InnoVenture Salon Pitching on January 13. For those who are interested may come to this event to learn more about FinMonster’s mission in corporate banking fintech and the latest market news. Detail is stated in the poster. (continue reading….)

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Virtual banks: To be or not be? (Part II)

At the end of the day, the answer of the question “virtual banks: to be or not to be? to benefit or not to benefit?” depends on whether they can make the most of technology to tackle the pain points of the current financing banking system. The question follows then that is: are we solving a purely technical problem or a system one? If it is a system issue, can virtual banks generate additional value? If not, why would Hong Kong people open virtual bank accounts when they already own traditional or even electronic banking accounts? If not, are we setting up virtual banks just for the sake of it? (continue reading……)

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Happy FinMonster Christmas Eve Party!

The journey to Hong Kong’s bright future is long and rugged, but FinMonster still believes that — tomorrow will be better and 2020 will be another fulfilling year…… (continue reading……)

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Virtual banks: To be or not to be?

You may be familiar with this banking experience: people jostling one another, snakelike queues moving slowly and staff unhurriedly handling paper documents. For most people, this probably won’t be a pleasant experience. But have you ever wondered why we have to go to a branch banking in person, hand over stacks of paper documents and wait for the enduring review process?……(continue reading)

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Fintech solution to smoothen retail cashflow

On November 27, 2019, US President Donald Trump passed the PROTECT Hong Kong Act and the Hong Kong Human Rights and Democracy Act. Although the immediate effect of the two bills on Hong Kong will be little, Hong Kong’s long-term economic development can be at stake if Hong Kong becomes a battleground between the US and China. The Chief Executive Carrie lam said the bills could be detrimental to creating a favorable business environment in Hong Kong, given it is particularly difficult for Hong Kong to assess the impact of them on industrial development and to predict what actions the US would take at this stage. (continue reading……)

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FinMonster joined the Hong Kong SmartBiz Expo 2019

Thanks to the HKU iDendron and Hong Kong Trade Development Council (TDC), we are delighted to be one of the exhibitors at the Hong Kong SmartBiz Expo from 4-6 December 2019. It is a golden opportunity for entrepreneurs to know more about FinMonster’s services and ideas……. (continue reading)

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