SUNY Korea – CSE600 Topics in Modern Computer Science
Date: April 29th, 2019 (Monday)
Speaker: Dr Peter ChunYu YAU
Topic: Fintech Adoption and Its Application in Hong Kong
Financial Technology (Fintech), a new term emerging from late 2014, became an important contributor to the world economy. World Economic Forum (WEF) further classified Fintech into six clusters for investigation: Payments, Insurance, Deposits and Lending, Capital Raising, Investment Management and Market Provisioning.
Each of these clusters provides its unique technological advancement and features to the general public when people engage in different financial services. The perception and adoption of the general public on such financial technology will then become a various barrier when such service commercializes and becoming popular. With reference to the experiment conducted by Teubner, Hawlitschek and Gimpel (2016) on the topic of Sharing Economy, a comprehensive set of motives were borrowed and modified to examine the drivers and impediments of Financial Technology in the Greater Bay Area (GBA). Decomposed Theory of Planned Behaviour (DTBP) is selected as the conceptual framework, to provide broader psychological factors to understand the Fintech ecosystem as a whole. Structured Equation Modelling (SEM) is used to examine the cause-effect relationship between factors in the ecosystem.
Also, an application example from Hong Kong will be shared on Financial Technology engaged in various sectors, not only in the business world but also in the social enterprise.