FinTech Magazine April 2020 | Page 177

UA
UA
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177 company was acquired by Sun Hung Kai & Co . Limited from Allied Group .
Having recently celebrated its 25th anniversary , the company is gearing up to ward off the rise of virtual banks , as CIO Aaron Lee emphasises . “ Keeping the business model competitive with virtual banks is the reason we have to be ready to transform for the digital generation .” A sentiment shared by Nagahara , the Fintech and Innovation Department was officially set up in January 2019 by UA , being the first and only finance company in the market to set up such department , again showing its continuous promise and commitment to offer the best consumer loan services for customers .
Lee ’ s role actually comprises two complementary halves , as he explains . “ My role is CIO at UA , yet I supervise different responsibilities for the company . I oversee traditional IT functions and make sure the IT operation runs harmoniously , while simultaneously implementing digital strategies to enhance the competitiveness of our business to keep our leading position in the industry .”
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