Creating a Fabrik Ecosystem for FinTech
FinFabrik is a Financial Technology solutions builder that develops technology in capital markets and wealth management. Its ultimate mission is to help companies provide better financial services to clients using data analytics.
The three co-founders of FinFabrik, including Alex Medana, a French, Dr. Florian M Spiegl, an Austrian and Marcel van der Vliet, a Dutch came together a year ago. Shortly within a year, FinFabrik has developed into a fully-fledged international team of 11, plus two third-party developers based in Shenzhen. “Our growth so far has really been organic – people heard about FinFabrik, shared the same vision and wanted to join us,” Medana said.
“At the core we are solution builders. All of us have real and complementary experience in capital markets, banking, asset management, telecommunications or insurance. Our company is open to talent from anywhere as long as it adds value both ways. It is important for us to give our team members the opportunity to deliver to their best potential,” he added.
Medana finds Hong Kong an amazing city. “The tax system is one of the best in the world, the ease of transport, the excellent telecommunications and the availability of a talent pool. But if you think Hong Kong is your end market, think twice. As we expand into other types of solutions, we have to look beyond the city itself, which is strategically located right at the centre of Asia,” he said.
His vision is to build up a big company within five years. “There are lots of buzzwords out there like machine learning, big data, user experience, blockchain, and so on. But at the end of the day, we want to give our clients, including brokers, banks, asset managers, family offices, solutions to not only help them run a leaner organisation but to delight their end clients through data analytics. And right now our focus is on wealth management and capital markets,” he explained.
Medana is actively involved in the Fintech Association of Hong Kong as a board member with the mission to collaborate, advocate and educate. “There are talents but we have to make an effort to find them, train and retain them.”
He finds the Fintech ecosystem in Hong Kong very dynamic. “Hong Kong may not be a huge market in itself but it is a bridgehead to the rest of Asia,” he said.
He encourages entrepreneurs based outside of Hong Kong to talk to InvestHK and to talk to founders, especially those who have failed. It is important to get the raw idea of what it’s like to start your own business, and not just an embellished story.
Friday, December 29, 2017
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