Financial Technology Innovations: Reporting from FinovateAsia 2016

by Neil Katkov, PhD,  Hua Zhang, March 15, 2017
Industry Trends
Asia-Pacific

Abstract

Fintech is changing rapidly, in part due to an abundance of innovation springing up in Asia. At the FinovateAsia 2016 conference, held in Hong Kong in November 2016, Celent identified 11 firms whose innovations stood out among the rest.

Celent has released a new report titled Financial Technology Innovations: Reporting from FinovateAsia 2016. The report was written by Hua Zhang, an Analyst with Celent’s Asian Financial Services practice.
 
Fintech is changing rapidly, in part due to an abundance of innovation springing up in Asia. At the FinovateAsia 2016 conference, held in Hong Kong in November 2016, Celent identified 11 firms whose innovations stood out among the rest.

Fintech is still in its developmental stages. Reflecting this reality, only five of the firms profiled in this report are headquartered in Asia. The remaining six are European and US companies.

This report will investigate the following:

  • Several innovative data services presented at FinovateAsia involved using the cloud and advanced analytics to create new types of market data in the securities and investments space.
  • Innovations in digital channels unveiled at FinovateAsia included payment service hubs, intelligent cards, conversational banking, mobile cards, and location-based services.
  • Service providers and technology vendors that want to provide innovative products should consider cloud-based services, AI-based services, and innovations in digital customer touchpoints.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

 

Key Research Questions

1

Introduction

2

Data Services: Cloud-Based and Analytics

3

 

ExbiData: Property Investment Analysis Platform

3

 

Sentifi: Market Intelligence

3

 

Xignite: Market Data Distributor

4

Digital Channels

6

 

Alpha Payments Cloud: Payment Hub

6

 

Dynamics Inc.: Intelligent Cards

8

 

Finn.ai: Conversational Banking

9

 

Ondot: Mobile Card Service

10

 

Proximiti: Location-Based Services

12

Wealth Management

14

 

Bambu

14

 

InvestGlass

15

 

WeInvest

17

Conclusion

18

Leveraging Celent’s Expertise

19

 

Support for Financial Institutions

19

 

Support for Vendors

19

Related Celent Research

20

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