Hong Kong FinTech Week 2021 - UK Pavilion Directory

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Hong Kong FinTech Week 2021 UK Pavilion Directory

+RQJ .RQJ &RQYHQWLRQ DQG ([KLELWLRQ &HQWUH +DOO %& 3 4 November 2021

Hong Kong FinTech Week 2021 UK Pavilion Directory Hong Kong Convention and Exhibition Centre Hall 3BC Week Hong Kong FinTech 3-4 November 2021

2021

Hong Kong Convention and Exhibition Centre Hall 3BC Week Hong Kong FinTech 3-4 November 2021

2021

UK Pavilion Directory

UK Pavilion Directory

Hong Kong Convention and Exhibition Centre Hall 3BC 3-4 November 2021

Hong Kong FinTech Week 2021 - UK FinTech Delegation Directory

2

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Table of Contents Foreword About Us UK FinTech Delegates List ABAKA Aventus Datactics EIP Limited Encompass Corporation FintechOS Northstar FintechOS Lighthouse Flax & Teal KogoPAY Group | Smile Money Limited Paymob Smart Payments RightIndem | Green Reach Sherpa SPIN Analytics TranSwap

1 2

3 4 5 6 7 8 9 10 11 12 13 14 15 16

DIT’s Offer and Support for Inward Investors

17

UK-Hong Kong FinTech Partnership and Initiatives

18

Case Study on Inward Investor

19

Resources and Further Information

20

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Foreword Hello Everyone!

I would like to welcome you to the 2021 Hong Kong FinTech Week, Asia's global FinTech event.

The UK’s Department for International Trade (DIT) is proud to support the event. We are partnering with Scottish Development International (SDI) and Invest Northern Ireland (INI) to bring outstanding UK FinTech companies to Hong Kong. Together we will demonstrate the capability and quality of what the UK has to offer.

As a leading global hub for financial services, the UK has long pioneered technological advancements within the sector by utilising its thriving ecosystem and international talent pool spanning the whole country. The foundation of our success lies in the strength of our financial services sector – as an originator and buyer of FinTech – combined with a strong consumer appetite for innovative products and services and a regulatory environment that leads the world in the support it provides for innovation.

The DIT Team will be on hand throughout the event to answer any questions and hear about your experiences in implementing FinTech, your successes and any lessons learnt. Whether you are a banker, FinTech solution supplier, policy maker or someone who is simply interested in getting to know more about FinTech in the UK, please come visit us for a chat (we will be at Booth C66).

1

My team and I look forward to meeting you. I hope that this week will provide a platform for the exchange of ideas that will help meet the needs of the growing FinTech market here in Hong Kong.

Nick Heath Director General for Trade and Investment British Consulate-General Hong Kong

Hong Kong FinTech Week 2021 - UK Pavilion Directory

About Us

UK’s Department for International Trade

Tim Law Associate Director FinTech ☎+852 2901 3152 t.law@fcdo.gov.uk

Invest Northern Ireland

Yen Tan Regional Director Hong Kong, Macao & South China ☎+852 2901 3061 yen.tan@investni.com

Scottish Development International

Simon Shen General Manager South China ☎+86 20 8314 3000 Simon.Shen@scotent.co.uk

The Department for International Trade (DIT) sits at the heart of the UK government. Our aim is to leverage the UK’s political stability and position as a global leader to help overseas businesses, investors and buyers successfully do business in the UK. For businesses expanding to the UK We help you in every aspect of expanding your business to the UK. Our wide range of digital tools and services are designed to help you save time and reduce cost.

For investors allocating capital in the UK From family offices to sovereign wealth funds, we work with investors of all kinds to smooth the investment journey with tailored advice, insight and introductions.

For buyers importing from the UK By showing you what the UK has to offer, we can help you find the right products and services for your business. We can also offer financial support and make it easier to understand import regulations.

For an overview of what DIT does to foster companies’ growth please visit: www.gov.uk/dit If you are searching for UK FinTech businesses and FinTech partners, be sure to talk to the Hong Kong DIT team at the Hong Kong FinTech Week.

2

The UK’s Department for International

Hong Kong FinTech Week 2021 - UK Pavilion Directory

UK FinTech Delegates List

ABAKA Contact Naufal Adeel Marketing Manager naufal@abaka.me Introduction ABAKA is an award-winning provider of Artificial Financial Intelligence solutions to the financial industry. Our AI-powered recommendation engine helps financial institutions deliver hyperpersonalised customer experiences and build a truly customer-centric ecosystem across their range of products and services.

Leading organisations including HSBC and Prudential are licensing ABAKA's technologies to deliver outstanding digital customer experiences to 10+ million customers and policyholders with hyper-personalised insights, intelligent nudges, and omnichannel delivery on products such as credit cards, loans, savings, retirement, life, and non-life insurance.

3

London, UK www.abaka.me

Target market Target industries will be financial institutions, primarily Banks & Insurance firms. Our products and solutions are already in the market, and in production with global financial organisations in Europe and APAC. Objectives for the Hong Kong market To drive the expansion, awareness, and adoption of ABAKA's Artificial Financial Intelligence platform in the Banking & Insurance industry in Hong Kong.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Aventus Contact Teresa Chan Marketing Manager teresa.chan@aventus.io Introduction Aventus Network is a layer-2 scaling solution that enables digital asset issuance, management and ownership, bringing the scale of permissioned blockchain and the security and interoperability of public blockchains. All without the shortcomings of either world.

Founded in 2016 by Alan Vey and Annika Monari at Imperial College London’s Blockchain Centre, our team is made up of several Forbes 30 Under 30 Winners with advisory boards including Imperial College London and investors such as CoinShares.

London, UK https://www.aventus.io

Target market Aventus is a customisable layer-2 blockchain network that targets the Ethereum community who yearns to build on Ethereum at scale to process transactions at 100x the speed and 1% of the cost.

Objectives for the Hong Kong market As a layer 2 Ethereum solution, Aventus aims to drive the Hong Kong blockchain industry forwards by providing an enterprise grade network that makes it better to build on Ethereum. With Aventus, businesses can develop their applications effectively and efficiently.

4

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Datactics Contact Michael Lynch Business Development Executive michael.lynch@datactics.com Introduction Datactics provides business userfocused, no-code data quality and matching tools helping financial firms gain value from their data and reduce regulatory risk. Our awardwinning platform integrates with multiple data sources, governance, and lineage systems with intelligent automation. It allows Chief Data Officers and senior data leaders to measure, report and fix their data, and match across multiple internal and external sources and systems.

Using AI, our platform significantly reduces the manual effort required to make decisions, with full transparency.

5

Belfast, UK https://www.datactics.com

Target market Datactics works with financial services firms who has large sets of very messy data. In the past few years, we have recruited several major Tier 1 investment banks, information vendors, government departments, retail banks and wealth management firms.

Objectives for the Hong Kong market With Hong Kong being one of the primary financial hubs in APAC, we see it as a natural location to seek prospects in the region. We ideally want to showcase how we have helped firms in financial services globally to achieve compliance with regulations and provide fast, clean data directly to these businesses.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

EIP Limited Contact Glen Adam Head of Marketing adamg@eip.eu.com

Introduction EIP Limited is a provider of whitelabelled InsurTech software and a plug and play digital marketplace to enable leading corporates to offer insurance and subscription products to their end customers. Our independent and supplier agnostic solutions allow device and lifestyle insurance providers to reduce costs, maximise profits and upgrade their digital customer experience. EIP’s clients include some of the largest mobile communications, banks and Insurance companies in the world.

Isle of Man https://eip.eu.com/

Target market  Europe, APAC, North America.  Telecoms, Banking, Lifestyle  Insurance and Subscription Products Objectives for the Hong Kong market We are very excited and eager to share our innovative InsurTech solutions, successfully deployed throughout Europe, with the Hong Kong market. We want to show how we have delivered operational efficiencies, increased the profitability, brought pricing innovation, increased net promoter scores and delivered a vasty improved claims experience for our blue-chip clients.

6

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Encompass Corporation Contact David Williams APAC Sales Manager davidwilliams@

Glasgow, UK https://encompass corporation.com/

encompasscorporation.com

Introduction Encompass' intelligent process automation platform for KYC dramatically improves the client experience, significantly speeding up KYC processes.

Encompass automates gathering, processing and collation of primary and premium information and news discovery for KYC purposes - be that for new customer onboarding, event-driven refresh, or remediation.

Using customers’ existing internal KYC policies and processes, Encompass constructs corporate ownership structures, discovers beneficial owners, and comprehensively screens entities and persons for risk - be that across structured watchlist data sets or unstructured adverse media sources.

Advanced intelligent process automation builds a comprehensive 7

KYC profile from multiple sources, facilitating fast, confident decisions.

Encompass delivers a single platform to manage clients from large corporations through to small and medium sized enterprises and individuals.

Target market Encompass aims to target financial services firms in APAC. Objectives for the Hong Kong market To gain exposure to Tier 1 banks in Hong Kong and APAC.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

FintechOS Northstar Contact Rory Harrison Account Executive rory.harrison@fintechos.com Introduction FintechOS specialise in hyperpersonalised digital journeys such as quote & bind and FNOL, along with automating claims triage & management, underwriting and more.

We also help many of our customers to roll out completely new products in weeks, not months or years.

Our microservices based platform leverages OCR, NLP Chatbots, Video calling, Co-browsing and many more automation processors to rapidly enhance existing systems and improve customer experience.

The FintechOS Studio enables business users to build and change products, processes and digital journeys, allowing you to take advantage of emerging opportunities without the need to time and cost intensive development work.

London, UK https://fintechos.com/

Target market Our platform caters to insurers and MGAs needing to drive growth and accelerate digital transformation across Property & Casualty, Health and Life.

Objectives for the Hong Kong market With the financial support from Series B, FintechOS has already open its first office in the US while also looking to penetrate the Asian market in the next 6-12 months.

The Hong Kong Fintech Week is the ideal gateway for meeting with new companies, gaining insight and discovering areas of focus for the local insurers.

8

Hong Kong FinTech Week 2021 - UK Pavilion Directory

FintechOS Lighthouse Contact Sherif Aziz Regional Director, MEA sherif.aziz@fintechos.com

Introduction FintechOS Lighthouse, our customer-centric platform for banking, enables the delivery of smarter, profitable products and personalised experiences. Pre-built functionality and low-code solutions empower organisations to create value quickly. Move away from legacy systems, or keep them in place - it’s all possible.

More than 40 institutions run on FintechOS, including Erste Bank, Societe Generale, Scotiabank, Howden Group Holdings, and Vienna Insurance Group. Our reach spans 20 markets and four continents. We manage more than USD 100 billion in assets and have offices in London, Amsterdam, and Bucharest.

9

London, UK https://fintechos.com/ lighthouse/

Target market FintechOS Lighthouse caters to banks and independent lenders needing to drive growth and accelerate digital transformation across Personal Finance, SME Finance, and Mortgages.

Objectives for the Hong Kong market With the financial support from Series B, FintechOS has already open its first office in the US while also looking to penetrate the Asian market in the next 6-12 months.

Hong Kong Fintech Week is the ideal gateway for meeting with new companies, gaining insight and discovering areas of focus for the local banking ecosystem.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Flax & Teal Contact Phil Weir Founder & Director phil.weir@flaxandteal.co.uk Introduction Flax & Teal is a Belfast-based software development, infrastructure, data science and training consultancy. Focusing on open data and openly-licensed technologies, we serve public and private sector through web-based products and services. Specialities include AI & Machine Learning, Big Data & Analytics, InsurTech, RegTech, Academic & Research, Education, Open API and Technology.

Target market Enterprises and scale-ups looking for easy-to-use data and cloud solutions, especially focused on risk and resilience modelling (social, privacy, economic, geophysical, events). Clients valuing the fully

Belfast, UK https://flaxandteal.co.uk/

transparent and auditable nature of our solutions, for geospatial, currency, machine learning and natural language analysis.

Objectives for the Hong Kong market Strategically supporting Hong Kong scale-ups to expand their products to UK/EU markets (B2B and B2C).

Providing in-market cloud and data services, intelligently managing regulatory requirements and allowing for easy, fast and affordable market entry to bring your innovative, online offerings to UK and Hong Kong customers.

10

Hong Kong FinTech Week 2021 - UK Pavilion Directory

KogoPAY Group | Smile Money Limited Contact Dr. Narisa Chauvidul-Aw CEO and Founder narisa@kogopay.com

Introduction KogoPAY is a socially conscious FinTech start-up in London with other offices in Bangkok and Vilnius.

We provide banking services and mobile wallet focusing on real time funds transfer using innovative technologies such as Blockchain and AI. The initial KogoPay wallet and banking are functional for fiat-tofiat transactions. As digital currencies become more common, next phase we are going to implement a Distributed Ledger Technology layer to enhance the security and functionality of the new payment system.

11

London, UK https://www.kogopay.com

Target market  Migrant Workers  Tourists  International Businesses  FinTechs and Start-ups Objectives for the Hong Kong market We would like to enter the Hong Kong market. Local customers will be able to open GBP and EUR accounts that link to SEPA payment and FASTER payment.

And soon for Hong Kong customers who are coming to UK and EUR, they will be able to download our mobile app and use our cross border payments services between UK/ Europe and Hong Kong.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Paymob Smart Payments Contact Kosta Du CEO & Co-Founder kosta@paymob.uk

Introduction Paymob has developed contactless payment rails for mobile business apps while championing embedded finance. Paymob SDK provides any mobile business app with the opportunity to act as a payment terminal, to offer financial services to their end-users. Simply using an ordinary smartphone, without the need for additional hardware.

Paymob now has 7 global partners, and launched bespoke payment infrastructure across the US, with VISA calling it ‘The First U.S. Tapto-Phone’.

Glasgow, UK http://paymobtech.com

Target market Paymob is a FinTech enabler, embedded finance provider.

Paymob operates via B2B2B model providing payment acceptance to non-FinTech companies allowing them providing financial services to their end-point business users.

Objectives for the Hong Kong market At Paymob, we are always keen to explore new horizons and find new business opportunities. We were told that the Asian market might have a huge potential for our technology. We'd like to explore a new frontier for our technology's applicability.

12

Hong Kong FinTech Week 2021 - UK Pavilion Directory

RightIndem | Green Reach Contact Nairn Clark General Manager (Partnerships) nairn.clark@greenreach.com Introduction RightIndem / Green Reach is a leading digital technology and service provider for the financial services sector based predominantly in Asia Pacific.

We help our insurance partners on their digital journey, by enabling them with next generation solutions, to provide greater customer service, greater transparency & greater solutions to help them harness technology to scale their businesses.

We utilise AI & Blockchain technology to provide our partners with great technology enabling them to grow and move more flexibly in the new digital era.

13

London, UK https://rightindem.com https://greenreach.com

Target market Our target market is currently concentrated in countries in Asia Pacific.

Objectives for the Hong Kong market As part of the Asia Affinity Group we believe that we can enable our partners with leading edge technology in the Hong Kong market and enable greater customer service, greater transparency & greater solutions to scale businesses.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Sherpa Contact Chris Kaye CEO & Co-Founder chris@sherpascore.com

Introduction Sherpa helps close the advice gap in insurance.

We offer a simple, intuitive way for consumers to visualise how wellprotected and resilient they are.

Our unique protection score and engagement platform gives your customers the tools they need to make smarter choices to boost financial wellbeing.

Using intelligent technology, we offer personalised and data-driven recommendations 24/7, delivering swift, unbiased and trustworthy advice, throughout their lifetime.

Our Score is proven to help companies convert on-line prospects into long-lasting, paying customers.

London, UK https://sherpascore.com

Target market Insurance companies, bancassurers, distributors, and wealth managers looking to sell insurance online, or online-tooffline Objectives for the Hong Kong market We launch in HK in Q4 2021, and are currently looking for new partners.

14

Hong Kong FinTech Week 2021 - UK Pavilion Directory

SPIN Analytics Contact Panos Skliamis CEO Panos.skliamis@spinanalytics.com Introduction SPIN Analytics helps tier-one and digital banks improve credit risk management with its explainable AIbased platform, RISKROBOT™.

The platform provides 10x acceleration of model development, validation, documentation and deployment, which reduces maintenance time by at least 90% and total costs by 70%. Encoding 30 years of credit risk-modeling experience into AI and insights, the platform helps banks make decisions and control assumptions.

The solution covers all types of credit risk models for regulatory, risk management, and business purposes.

15

London, UK https://spin-analytics.com/

Target market Banks and digital banks, FinTechs providing credit in: APAC, Hong Kong, China, Singapore, ASEAN, USA, UK and EU Objectives for the Hong Kong market Building a hub in Hong Kong to expand in the APAC region and China.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

TranSwap Contact Edith Chow Hong Kong Country Head edith.chow@transwap.com Introduction TranSwap is an award-winning, scale-up FinTech company that helps businesses move money better. Through innovative technologies, TranSwap has developed a suite of payment applications to empower businesses and enterprises to scale existing markets and reach new global markets. Our adaptable platform for payments, collections, conversions and multi-currency accounts, makes it simpler, faster and cheaper to transact in more than 180 countries.

TranSwap offers cost-effective solutions with easy integration for businesses seeking to automate and scale internationally through our suite of APIs and white-labelled services.

Edinburgh, UK https://www.transwap.com/

Target market TranSwap is fully regulated and licensed in Singapore, Hong Kong and Indonesia. We have offices across Asia, including Singapore, Hong Kong, Indonesia, Malaysia and Vietnam.

16

Hong Kong FinTech Week 2021 - UK Pavilion Directory

DIT’s Offer and Support for Inward Investors DIT provides end-to-end support for inward investors in the UK. We support your investment journey whether you are a brand new inward investor or already have an established business in the UK. The services we provide to overseas companies include: 

Accessing market opportunities:

FinTech Launchpad DIT provides access to tailored expert advice to accelerate the expansion of high-potential FinTechs from overseas markets into the UK. The support package will consist of pro-bono 1-2-1 support from DIT’s network of partners including law firms, consultancies and organisations from the professional services sector.

helping international companies FinTechs wishing to apply for this assess market opportunities in the UK. 

Access and introductions to the right people: working with every UK government department to support access to a vast network of industry experts.



Setting up in the UK: we provide a range of support from applying for visas and entry to the UK to set up procedures, to the UK tax system and site selection.



Bespoke market research: compiling in-depth factual reports including market entry support, research and development collaborations and cost analysis.



On-going government support: continued support after your business is established in the UK, providing assistance on expansion and representing your interests in government. Entrepreneurial assistance through a network of mentors to help make a commercial success of early stage companies.

17

bespoke support are encouraged to get in touch with DIT’s FinTech team in Hong Kong to find out more.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

UK-Hong Kong FinTech Partnership and Initiatives UK-Hong Kong FinTech Bridge

The DIT FinTech Awards

FCA-HKMA Cooperation Agreement

The UK has entered into a FinTech Bridge agreement with Hong Kong. The bespoke agreement creates valuable opportunities for the UK by overcoming barriers to international market entry and linking UK-based FinTech companies with opportunities in Hong Kong and vice versa.

The DIT FinTech Awards is one of the events being carried out under the FinTech Bridge.

Under the agreement, the UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) will give assistance to FinTech companies when they establish overseas operations in the UK and Hong Kong.

By sharing knowledge and best practice with Bridge jurisdictions, and aligning international FinTech policy development, the bridge increases opportunities for FinTech firms to export solutions to key markets at pace.

It offers FinTech companies from Hong Kong an excellent opportunity to explore the UK’s world-leading FinTech ecosystem, get connected to potential partners, clients and investors and get the right information to set up in the UK. The awards are open to Hong Kongheadquartered companies and the winners will get a bespoke programme in the UK.

When a referral is received, the regulators will provide assistance to the FinTechs in understanding the regulatory environment, explaining whether the rules and regulatory schemes may impact the FinTechs.

18

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Case Study on Inward Investor

LeapXpert

Introduction LeapXpert enables enterprises to embrace messaging applications and integrate them with their business-critical applications. Our solution resolves the business and compliance challenges messaging applications use in business channels has created. Five of the ten top global banks are customers, with tens of thousands of users across 45 countries globally.

LeapXpert is built on its patented Federated Messaging Orchestration Platform.

19

DIT Support By receiving the DIT Gold FinTech Award, LeapXpert received some great guidance on how to expand our business into the UK. This included attending briefings on legal, financial and tax set up.

UK expansion plan Having recently closed our Series A round, LeapXpert is expanding its operations. This includes our recent opening of an office in London to better serve our growing European and UK customer base.

The team has also expanded to include a new VP of EMEA who is based in London. The team will expand to five headcount by the end of 2021.

Hong Kong FinTech Week 2021 - UK Pavilion Directory

Resources and Further Information DIT works closely with the following organisations, networks and trade assoociations in the UK that can support your specific FinTech needs. If you would like to be connected with them, please contact our team (Contact details on Page 2).

Support Organisations & Networks Tech Nation City of London Corporation Tech London Advocates FinTech Alliance BIMA UK Research & Innovation UK Science Park Association

https://technation.io/contact-us/ https://www.cityoflondon.gov.uk/footer/contact-thecity-corporation https://www.techlondonadvocates.org.uk/contact/ https://fintech-alliance.com/contact-us https://bima.co.uk/contact-us/ https://www.ukri.org/about-us/contact-us/ https://www.ukspa.org.uk/contact-us/

Trade Associations Innovate Finance TheCityUK TechUK UK Finance Association of Foreign Banks Coadec UK Business Angels Association

https://www.innovatefinance.com/contact/ https://www.thecityuk.com/contact/ https://www.techuk.org/contact-us.html https://www.ukfinance.org.uk/contact-us https://www.foreignbanks.org.uk/contact/ https://coadec.com/contact/ https://www.ukbaa.org.uk/contact-us/

Accelerator & Incubator Hubs Level39 FinTech Innovation Lab London Techstars Raise Ignite Startupbootcamp

https://www.level39.co/ https://www.fintechinnovationlab.com/regions/london / https://www.techstars.com/ https://raise-ventures.com/ https://www.ignite.io/ https://www.startupbootcamp.org/

20

Department for International Trade

The UK’s Department for International Trade (DIT) has overall responsibility for promoting UK trade across the world and attracting foreign investment to our economy. We are a specialised government department with responsibility for negotiating international trade policy, supporting business, as well as delivering an outward looking trade diplomacy strategy.

Disclaimer

Whereas every effort has been made to ensure that the information in this document is accurate, the Department for International Trade and the Contributors do not accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned.

© Crown copyright 2021

This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov. uk/ doc/open-government-licence/version/3 Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.

Published by Department for International Trade November 2021

Contact us

Tim Law, Associate Director, Fintech Department for International Trade Hong Kong and Macao t: +852 6376 9529 | e: t.law@fcdo.gov.uk

1