An independent, not-for-profit and member driven association, FTAHK is intended to champion an open, inclusive and diverse fintech community in Hong Kong.
Its three main goals are to advocate, collaborate and educate. These will be addressed by 12 committees focused on topics such as blockchain, artificial intelligence, big data, payments, regtech and financial literacy.
Henri Arslanian, fintech and regtech leader for China and Hong Kong at PwC, and a board member of the new association, said: “We look forward to working with the entire ecosystem, from start-ups and financial institutions to regulators and government, to drive fintech forward not only in Hong Kong but also globally.”
Andrew Eldon, head of digital, Hong Kong, retail banking and wealth management at HSBC, added: “We are delighted to be joining the FTAHK as a founding member.”
“This is an important industry-led initiative and HSBC has a leading role to play in supporting Hong Kong’s continued development as a world-class fintech hub. Joining the association gives us an opportunity to deepen our ties across the fintech landscape and contribute our time, resources and thinking to continue to shape Hong Kong’s financial future.”
The association launch was attended by around 300 people in the local fintech and wider business community last week.