In recognition of the rapid development of the Fintech industry in Africa, the South African Consulate General, the Fintech Association of Hong Kong, Acorus Capital and AIIFL of HKU collaborated to host Hong Kong’s first conference on FinTech in Africa on May 7.
Through the use of FinTech, traditional financial institutions are evolving through technological innovation and those previously excluded are accessing new opportunities through access to financial services. At the conference, about 80 leading practitioners and industry participants exchanged their thoughts on the present position of Fintech in Africa and the role of Asia in its future, including the development and future on FinTech in Africa, FinTech’s implications on the Banking industry, the history and future of Blockchain technology and trends and opportunities for investment. Looking forward, FinTech and associated technologies, have the potential to significantly impact the African continent where traditional structures been overburdened or have failed.
(From left) Ms Nneka Chike-Obi of Acorus Capital, Consul General of South Africa in Hong Kong Madoda Ntshinga and Professor Douglas Arner prior to giving their opening remarks.