From FinTech to TechFin
When I arrived in Hong Kong slightly over a year ago to build a FinTech Accelerator I knew I wanted to do three things.
- To inspire my generation to join or build a FinTech company
- To adapt myself to Asia, accepting that financial brands are global but financial behaviors are local.
- To embrace the fact that China will lead the world in terms of innovation.
However, I wasn’t prepared to fully appreciate the difference between FinTechand TechFin. To me it was all about establishing a FinTech Hub, developing a FinTech regulatory Framework and measuring FinTech investment growth. Yet when I spoke to start-ups in China they kept telling me they didn’t consider themselves FinTechs, but instead were TechFins. I thought it was splitting hairs and miscommunication but it was more than that. It was a misunderstanding.
Read Janos Barberis post on LinkIn