The outbreak of coronavirus has plagued all companies from start-ups, SMEs to corporates. When the going gets tough, the tough get going. As a newly Cyberport on-site incubatee, FinMonster will get through all the difficulties and help SMEs get better banking support through simplified loan origination progress and reduced credit risk. To echo our saying in Blog earlier, our disruptive mindset is to break through and make a better world.
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….)
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……)
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)
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……)
As business owners or financial controllers, have you ever experienced the below? For the similar facility size and borrowing terms, various banks make their indicative pricing quite differently. This even happens among different bankers in the same bank. On the other hand, the competition in retail banking is fierce and price setting is relatively transparent. How could this happen? How SMEs can reduce their bank interest cost by the application of financial technology?
According to Michael Page, a recruitment consultancy who recently conducted the report “FinTech Employment 2019”, nearly 95% of Hong Kong FinTech companies are worried about the dearth of FinTech talents in terms of big data, electronic payment, virtual currency, and insurance technology……(continue reading)
FinMonster was delighted to join the third FinTech Day organized by The University of Hong Kong on 8th November. It’s successful and we hope to share some good news with you! (continue reading……)
As noted before, the digital transformation of Corporate Banking, the widespread use of Artificial Intelligence and new lending models are the three hot trends that are shaping the innovative FinTech platforms around the globe. Apart from these, Open Banking with FinTech is redefining the financial landscape. Listed below are another three big trends…(continue reading)
It is a critical time for Corporate Banks to invest in emerging technologies and fundamentally improve the ways they used to serve clients in order to flourish in the digital era of the 21st century. Listed below are three key trends that are shaping the innovative FinTech platform around the globe……(continue reading)