21 Nov 2024
Tradelink is committed to providing Regulatory Technology (RegTech) solutions for the financial services sector in Hong Kong. We were honoured to be invited as a guest speaker at the 45th Anniversary Fintech Forum held at JW Marriott Hotel Hong Kong on 8 Nov 2024.
Organised by the Hong Kong Securities Association (HKSA), the forum brought together leaders from the Government, regulatory bodies, and the financial and business sector to discuss the theme "Embracing Opportunities and Empower the Future". Tradelink's Executive Director and Chief Technology Officer, Andrew Cheng, was invited as one of the speakers in the panel discussion along with other industry leaders to discuss the impact of cutting-edge technologies such as big data, artificial intelligence (AI), digital identity, blockchain, and cloud computing on Hong Kong's financial sector. The forum also focused on how RegTech and AI can be applied to the industry to help establish Hong Kong as the most efficient financial market.
The forum highlighted the Government's commitment to strengthening and enhancing Hong Kong's position as an international financial centre, and its efforts to actively expand and deepen overseas networks. Andrew pointed out the significant challenges for businesses in balancing the costs of technology applications with the benefits of digital transformation, while also seizing development opportunities.
Using digital identity as an example, Andrew mentioned the Government has been actively promoting the application of digital identity, such as the widespread usage of "iAM Smart" for digital onboarding and identity verification, and the "Digital Corporate Identity" (CorpID), which is set to launch by the end of 2026. While iAM Smart currently only applies to Hong Kong Identity Card holders, Tradelink's latest digital identity and signing solution enable individuals and corporations around the globe to apply and collect digital identities, iD-One or iCorp-One, remotely via e-Passports and/or different business identifiers, and enjoy seamless digital onboarding, identity verification, and document signing in Hong Kong. This solution is perfectly suited for the securities industry to rapidly undergo digital transformation in response to market demands. Both iD-One and iCorp-One are supported by digital certificates issued by Digi-Sign Certification Services Limited, a wholly-owned subsidiary of Tradelink and the only commercial Recognized Certification Authority under the Electronic Transactions Ordinance (ETO) (Cap 553) in Hong Kong. Our solution enables Hong Kong securities firms provide a more convenient and efficient customer experience for global clients while complying with relevant regulatory requirements in Hong Kong.
This forum provided us with an invaluable opportunity to connect with leaders from the financial services sector, fostering potential collaborations and partnerships. As Hong Kong's digital efficiency pioneer, we are dedicated to spearheading cutting-edge fintech innovations that empower financial intermediaries to ease into digital transformation, and creating opportunities in digital efficiency for businesses and people.
