Ecosystem For The FinTech Industry
Hong Kong is not only an international finance hub, but also a technologically advanced center for logistics and communications. The city boasts a huge network of customers and funding opportunities, and is an easy market for doing business. With an abundance of local and international talent in finance, entrepreneurship and STEM (science, technology, engineering, mathematics) academia, the city has the ideal ecosystem for FinTech enterprises to succeed.
It's for these reasons that Hong Kong's FinTech industry has witnessed incredible growth in recent years – making it one of the world's leading FinTech hubs with 48 of the top 100 FinTech companies now operating in the city*.
Hong Kong has also seen a vast increase in incubator and accelerator programs over the past 6 years, growing from 3 in 2010 to over 40 in 2015. Alongside this, an increasing number of FinTech events have turned the industry into a bustling community – opening the door to greater expertise and increased support for enterprises, and also providing countless opportunities for innovators to showcase ideas, meet industry experts, and access training and funding opportunities.
* Source: IDC Financial Insights 2015
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