The 2021 Hong Kong Fintech Week has come to a perfect end. With the Hong Kong government's efforts in building Hong Kong into a global regtech hub, Hong Kong-based artificial intelligence company Fano Labs is becoming a high-profile player. Recently, Fano Labs was named one of Hong Kong's emerging financial technology startups by the Hong Kong Monetary Authority (HKMA).
To turn HKMA's #FinTech2025 initiative into a reality, it relies heavily on the support from a strong financial technology ecosystem, including the direction set by key financial regulators in the city; financial institutions that actively adopt financial technology solutions; tech companies that build innovative fintech products and services; and platforms that incubate tech start-ups, such as the Hong Kong Science and Technology Parks Corporation (HKSTP).
As the Financial Secretary of the Hong Kong Special Administrative Region Government Paul Chan said in his speech at the Hong Kong Fintech Week, Hong Kong is still the preferred destination for Fintech companies seeking to operate or expand locally, regionally or globally thanks to the advantages of the “one country, two systems” policy. Earlier this year, Fano Labs has participated in the Global RegTech Challenge hosted by the HKMA and became the champion in the "Ethics and Customer Protection" category. The future of Hong Kong's financial technology depends on everyone's close collaboration. Let us create miracles together!