{"id":20162,"date":"2022-01-25T06:45:00","date_gmt":"2022-01-25T06:45:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/01\/25\/cyberport-houses-nearly-60-wealthtech-startups-offering-diverse-solutions-helping-to-promote-inclusive-wealth-management-and-improve-industry-efficiency-2\/"},"modified":"2022-01-25T06:45:00","modified_gmt":"2022-01-25T06:45:00","slug":"cyberport-houses-nearly-60-wealthtech-startups-offering-diverse-solutions-helping-to-promote-inclusive-wealth-management-and-improve-industry-efficiency-2","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/01\/25\/cyberport-houses-nearly-60-wealthtech-startups-offering-diverse-solutions-helping-to-promote-inclusive-wealth-management-and-improve-industry-efficiency-2\/","title":{"rendered":"Cyberport houses nearly 60 WealthTech startups offering diverse solutions, helping to promote inclusive wealth management and improve industry efficiency"},"content":{"rendered":"

\n<\/p>\n

\n

HONG KONG SAR –\u00a0Media
\nOutReach<\/a>\u00a0–\u00a025 January 2022\u00a0–\u00a0According
\nto a Securities and Futures Commission (SFC) report, Hong Kong’s asset and
\nwealth management business recorded an increase in assets under management
\n(AUM) of over 20 percent year-on-year, to HK$34.9 trillion, as of end 2020. As
\none of the region’s most robust wealth management hubs, Hong Kong holds considerable
\npotential for WealthTech development. As the largest FinTech community in Hong
\nKong, Cyberport<\/a> houses nearly 400 FinTech start-ups, including around 60
\nWealthTech companies which offer diverse technology solutions covering B2B, B2C
\nand B2B2C businesses. These solutions both address individual users’ varying
\nfinancial needs and assist financial institutions in improving the efficiency
\nof their wealth management services. <\/p>\n

<\/p>\n

Eric Chan, Chief Public Mission Officer of Cyberport, said that WealthTech can lower the cost of wealth management services and enhance the efficiency of product development and operation, in turn lowering the threshold for customers to enjoy personalized investment products and wealth management advice.<\/span><\/h5>\n

\u00a0<\/p>\n

Eric Chan, Chief Public Mission
\nOfficer of Cyberport<\/b>, said, “WealthTech has become
\none of Fintech’s fastest-growing areas in recent years. According to a market
\nreport<\/a>, the global wealth management
\nsoftware market is anticipated to more than double from nearly $2.5 billion in
\n2019 to $5.8 billion by the end of 2025. WealthTech can lower the cost of
\nwealth management services and enhance the efficiency of product development
\nand operation, in turn lowering the threshold for customers to enjoy
\npersonalized investment products and wealth management advice. In addition to
\ncatering for all investment stages, WealthTech can help financial institutions
\nscale up their customer base. The Cyberport community features a number of
\noutstanding WealthTech start-ups, and I believe that the cross-border Wealth
\nManagement Connect will open up further market opportunities for them.”<\/p>\n

\u00a0<\/p>\n

From financial
\nmanagement to investment appreciation<\/b><\/p>\n

Wealth
\nmanagement begins with saving and managing consumption. Cyberport incubatee StevTech<\/a> has launched a Cantonese intelligent wealth management
\nprogram called ‘Sui Gor’. Users can record their bills through a Cantonese voice-recognition
\nbookkeeper, while the system analyzes their spending habits using artificial
\nintelligence (AI). The system can propose the most suitable expenditure according
\nto the user’s financial goals in order to help develop saving habits.<\/p>\n

\u00a0<\/p>\n

When sufficient
\nsavings have been accumulated, it is time to add value to wealth. WealthTech can
\nprovide investment advice and related products. Cyberport incubatee
\nAQUMON<\/a> uses
\nalgorithms and AI to assist financial institutions as well as individual users
\nwho may lack the time or financial knowledge to choose more diversified
\ninvestment products at a lower cost, so as to easily carry out appropriate
\nasset allocation. AQUMON’s main
\ninvestment portfolio currently includes exchange-traded fund (ETF) portfolios
\nand themed stock portfolios, and it boasts 100,000 registered APP users. StashAway<\/a>, a digital wealth manager from Singapore, provides users with automated
\nand personalized ETF global asset allocation portfolio management according to each
\nuser’s risk tolerance level and financial goals, while adjusting the portfolio in
\naccordance with market conditions at the user’s acceptable risk level. Stashaway
\nentered Hong Kong last April and settled at Cyberport, and now has more than
\nUS$1 billion in assets under management.<\/p>\n

\u00a0<\/p>\n

In
\naddition, Cyberport incubatee LORA
\nTechnologies<\/a> has developed
\nan AI engine that can analyze market data such as stock charts and financial
\nstatements, helping to recommend suitable stocks for investors according to the
\nuser’s investment preferences while automatically performing stock transactions
\nat opportune times. For investors who want to choose their own stocks, iDDY<\/a>, another Cyberport incubatee, has used AI and machine
\nlearning to develop an intelligent investment assistant. When the user sends a
\nvoice command, the investment assistant program will search a large amount of
\nfinancial information while simultaneously analyzing it, sending relevant
\ninformation to the user for reference in real time.<\/p>\n

\u00a0<\/p>\n

Expanding
\ninvestment channels for professional investors<\/b><\/p>\n

In addition to retail investors,
\nthe Cyberport Community’s products and platforms meet the needs of professional
\ninvestors. ALTIVE<\/a>
\nhas launched fund products investing in private equity, private debt and real
\nestate, offering alternative investment opportunities for professional
\ninvestors. Moonfare<\/a>
\nprovides a technology platform that enables high-net-worth individuals and
\nfamily offices to invest at a lower threshold in top ranked private equity
\nfunds selected by the team. It also cooperates with private banks and other
\nwealth management institutions, allowing relevant institutions to offer customers
\nopportunities to invest in the top ranked private equity funds.<\/p>\n

\u00a0<\/p>\n

Multiple start-ups within the
\nCyberport community also provide WealthTech solutions. If members of the press
\nwish to learn more about them, please get in touch with Cyberport’s Communications and Stakeholder Engagement
\nteam<\/a>.<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HONG KONG SAR –\u00a0Media OutReach\u00a0–\u00a025 January 2022\u00a0–\u00a0According to a Securities and Futures Commission (SFC) report, Hong Kong’s asset and wealth management business recorded an increase in assets under management (AUM) of over 20 percent year-on-year, to HK$34.9 trillion, as of end 2020. As one of the region’s most robust wealth management hubs, Hong Kong holds …<\/p>\n","protected":false},"author":1,"featured_media":20140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20162"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20162"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20140"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}