Rhino Partners in Hong Kong.
Fintech 2025, Let’s go
Hong Kong brings to mind glorious skyscrapers, culinary delights and picturesque scenery. It’s known to be home to the top in the industry, and the city is full of fun and life. Business-wise, it’s an Asian Financial powerhouse. With its competitive business environment, human capital, infrastructure, and solid reputation, Hong Kong is a very attractive destination for economic growth.
More excitingly, the government’s Fintech 2025 vision has fuelled Hong Kong’s proliferation as a major fintech hub as well. Launched in June 2021, the various incentives in the roadmap encourage the banking sector to adopt emerging banking technologies (190+ authorized financial institutions, 43 representative offices of foreign banks.) In fact, the Hong Kong government has launched 7 smart initiatives that focus on investment in specialised services that are aligned with Rhino’s strength and offerings, such as Open API, Virtual Banking, Banking Made Easy, Faster payment system, Closer cross-border collaboration, Fintech Supervisory Sandbox and Research & Talent Development.
Results are evident, with over 600 fintech companies and startups operating in Hong Kong. In addition, 86% of local banks have adopted or plan to adopt fintech solutions across all financial services. The city was also ranked in the top 5 among the world’s developed markets for consumer fintech adoption.
Driven by a combination of passionate fintech talent, as well as the favorable regulatory environment and ecosystem, the opportunities for fintech here are in abundance. Having built alongside both startups for their MVPs and scale ups and MNCs, our technical talent at Rhino Partners have ensured that our client’s get the products they need delivered in the most effective manner.
Through our 5 year successful track record of satisfied customers, Rhino has accumulated deep expertise and made a name for itself in the fast-growing fintech vertical:
- Electronic Know Your Customer (KYC) and digital identification utilities
- Digital payments
- Securities Settlement
- Data analytics
The people we’ve met in Hong Kong have been nothing short of amazing, and we continue to be inspired by their strong desire to break through new boundaries in fintech, whether its the creation and deployment of new technology or an innovative solution to revamp antiquated legacy systems.
If you’re looking for technical talent, our Regional Head of Business Development Director, Ms Christina Yi, would be happy to share how Rhino can provide a custom software development solution for you, and be your next valued business partner.
Fintech 2025, let’s go.