FinTech Magazine May 2020 | Page 29

HKU FinTech – Next Generation Digital Financial Services ( Part 1 )
NEXT-GEN FINANCE : THREE DRIVERS OF CHANGE
HKU FinTech – Next Generation Digital Financial Services ( Part 1 )
CLICK TO WATCH | 7:15
29

“ None of this will happen without cloud ; cloud technology is the prerequisite for all of these next generation financial services "

Bill Genovese , Vice President Corporate Strategy – Banking & Financial Markets , Huawei platform providers , BigTechs , fintechs and so on , are driving change ,” Genovese says . “ There are several significant threats to what would typically be considered traditional banking models , including payment providers like PayPal diversifying their product propositions , digital commerce platforms and tech giants like Google and Apple .”
NEXT-GEN FINANCE : THREE DRIVERS OF CHANGE
Elaborating on those three core areas of disruption , Genovese states that technology is changing exponentially
www . fintechmagazine . com