fintech asia flyer v3 - phm international€¦ · fintech roadshow to asia-pacific | hong kong and...
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FINTECH ROADSHOW TO ASIA-PACIFIC | HONG KONG AND BEYOND
DRIVERS:
TOP FINTECH AND RELATED SECTORS:
TOP APPLICATIONS
INDUSTRY VERTICALS
6 OF TOP 10 FINTECH HUBS ARE IN ASIA:FINTECH IN ASIA PACIFIC
Young Population: 46.8% urban, median age is 30.7years, 2019High mobile phone penetration: ~75% 2019Large number of SMEs and entrepreneurs: >90%Large number of unbanked
In Millions: India: 250, China: 500 and SE Asia 438
Financial InclusionWealth ManagementRegTechInsurTech
BankingNon-banking financial servicesInsuranceReal EstateRegulatory
1. Beijing5. Shanghai6. Hangzhou7. Shenzhen9. Singpoare10. Hong Kong
By 2020 millennials and generation X will control over 50% of all investable assets.
Payments • Clearing and settlement • Exchanges and remittance • Smart contracts • Identitymanagement• Compliance management/Know Your Customer (KYC) • Insurance tech • Wealth
management •Real estate • Regulator tech (Regtech is expected to grow at CAGR of 22.05%, secondafter payment/billing) • Others (cyber liability • content storage management)
For Sponsorships: Patrick Sharpton, [email protected] For Registrations: Hank Kearney, [email protected]
www.phmintl.com
80% of AML budgets in Asia are relatedto headcounts, still done manually by
large AML teams.
HONG KONG, NOVEMBER 4-9, 2019
A 2019 FICO SURVEY OF APAC BANKS AND BANKERS FOUND:
ROADSHOW BENEFITS
91 percent of risk officers in Asia-Pacific see themselves behind banks in the US and Europe in terms of
implementing artificial intelligence (AI) technologies
About 2 in 5 banks in APAC see the lack of talent with AI expertise as their greatest challenge
68 percent of respondents see credit decisions as the business area which will benefit most from AI and machine learning
The survey also found that more than 50% of APAC respondents see AI and machine learning as a means to help
improve operational efficiency
74 percent of Asia Pacific (APAC) banks surveyed believe that cases of fraud in their country will increase
moderately or significantly in 2019
Prioritizing risk management over customer convenience, more than 50 percent of APAC banks' continue to simply
block cards on the first fraud alert. Only 6 percent will keep the card open while trying to confirm fraud with the customer
Fraud losses remain the leading indicator for 80 percent of fraud departments at APAC banks. Only six percent of
APAC banks ranked customer satisfaction as their number one metric
APAC has 59.6% of world’s total population (4.58+ billion) in 2019
SE Asia’s unbanked is about 73% of the population, equaling 438 million people
Nearly 75% of Asian consumers use a smartphone
A recent marketing report predicted that the IT spending market in South East Asia will grow steadily at a CAGR of above
6% by 2021, driven by increase internet adoption and desire for uninterrupted mobility solutions
FINTECH ROADSHOW TO ASIA-PACIFIC | HONG KONG AND BEYONDHONG KONG, SHENZHEN NOVEMBER 4-9, 2019
Meet one-on-one in private, pre-qualified meetings with companies convened by the U.S. Consulate
Networking reception at the U.S. Consulate General Residence in Hong Kong
Full contact information on all qualified Asia Pacific attendees
Sector Briefing by U.S. Embassy and Asia Pacific expert
No commission charged on any deal, investment, partnership or sale generated from Trade Mission
For Sponsorships: Patrick Sharpton, [email protected] For Registrations: Hank Kearney, [email protected] www.phmintl.com