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Fintech Seminar – Incumbent Banks Vs Virtual Banks
12.09.2019, 5:30 pm - 6:30 pm
The Hong Kong Monetary Authority (HKMA) defines a virtual bank as a bank that primarily delivers retail banking services through the Internet or other forms of electronic channels instead of physical branches. An incumbent bank, on the other hand, has headquarters, back offices and branches located across the markets in which it operates. During the seminar, Mr Cheng will compare these two types of the financial service organisations from business objectives, operating models, customer segmentations and foreseeable competition. He will also share with participants the outlook of the banking industry with new entrants to the market in the digital era.
The CUHK FinTech Seminar Series is co-organized by the Centre for Financial Engineering (CFE) and the Asia-Pacific Institute of Business (APIB). Industry practitioners are invited to campus to share their areas of expertise. We see the advantage of bringing together the academia and industry experts, providing a platform to carry out fruitful and productive discussions, encourage the exchange of ideas and promote future collaboration opportunities. CUHK students may also widen their exposure and receive some enlightenment in their career development.
Speaker : Mr Raymond Cheng, Group GM & Chief Operating Officer, Asia Pacific, HSBC
For more information, please click HERE.