Tuesday, January 19, 2021

​AFF: CYBERPORT CHAIRMAN AND VISTA EQUITY PARTNERS' ROBERT SMITH EXPLORE INSURTECH OPPORTUNITIES IN THE GREATER BAY AREA

The City’s FinTech hub supports Hong Kong in becoming an exporter of cross-border FinTech solutions

Hong Kong, Jan 19 (Bernama-GLOBE NEWSWIRE) -- As the Asian Financial Forum FinTech partner, Cyberport today hosted a thematic breakout session on the topic of “Acceleration of Digital Transformation: Opportunity in a Changing World for 2021”. Cyberport Chairman Dr. George Lam and Robert F. SmithFounder, Chairman and Chief Executive Officer of leading global investment firm Vista Equity Partners, discussed Asia and Hong Kong’s unique opportunities for InsurTech.

Dr. Lam said, “The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is the region’s largest and best FinTech hub. Given its multiple currencies, tax regimes and regulatory systems but highly integrated and high-growth market, the GBA can and will act as the perfect FinTech lab where entrepreneurs can develop and launch innovative multi-currency and cross-border solutions. Those solutions that succeed could also be replicated smoothly in other regions such as ASEAN, and in emerging economies along the Belt and Road.”

Mr. Smith noted that Asia’s significant addressable market, growing middle class and track record of quick adoption of mobile technology, together with Hong Kong’s status as an international financial hub, will boost the InsurTech industry’s development, especially in the GBA.

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