Beijing – (November 23, 2017) – China has been leading in applications in the fintech industry, such as payments and big data. Leading technologies including payments, blockchain, and artificial intelligence have promoted financial services and product innovation and have been widely used in non-financial areas. Fintech innovation of non-financial enterprises (TechFin) is also rising in China. The impact of these financial and technological innovations on society, the economy and finance has become a common concern.
In collaboration with Nomura Research Institute (NRI), the largest consulting and IT consulting firm in Japan, we co-organized the Fintech Revolution and Innovative Enterprises Forum in Tokyo on October 18, 2017. At the Forum, we introduced the latest developments and regulations of fintech in China, and discussed the future development of fintech with attendees from regulatory authorities, prominent financial institutions, and large traditional institutions in Japan.
Besides the forum, we met with regulators including Bank of Japan and Financial Services Agency, learned their perspectives on the development of fintech including regulation, and shared our research findings on financial regulation with them.
We also met with four well-known fintech startups to learn their business models and the fintech landscape in Japan. They are:
Money Forward - Online personal financial management
Money Design - Automated investment management / Robo advisor
Loadstar Capital - Real estate investment & Crowdfunding
SmartDrive - Big data solution for automobiles
"It is important for us to know the latest developments in fintech innovation and financial regulation in leading countries, " said Professor Li Liao, Executive Associate Dean of Tsinghua PBCSF and Head of Fintech Lab, "We hope our visit to Japan can enhance the exchange of fintech knowledge and understanding between China and Japan. "
