IMI Co-founded the Global Fintech Lab
2017-10-22 IMI
At the beginning of this conference, Mr. Cao Tong, co-director of IMI, board chairman of the HANDE FinMaker Co., Ltd and the initiator of the Global Fintech Lab, delivered an opening speech. Mr. Cao shared his views on the missions, prospects and actions of establishing the Global Fintech Lab. He also pointed out that the Lab, as the first Fintech Lab in the world, gathered top-level economists including Nobel Prize winner Edward Prescott, financiers, scientists and managers, who certainly will inject tremendous power to push forward global finance-technology development, especially in China and further promote sustainable development of world economy.
Mr. Zhang Jingqiang, executive chairman of China Association of Small and Medium Enterprises, expressed sincere congratulations to the launch of this conference on behalf of the association. He expected that the Fintech Branch could play a positive role in serving small and medium enterprises, strengthen industry self-discipline and reflect enterprises’ demands in time; further their market competitiveness and improve their innovation capacity through building an effective service platform for information exchanges, resources sharing and policy coordination; and constantly reinforce the two-way connections and communications between the government and enterprises, promote cooperation and exchanges between and within the industry to drive China’s Fintech development.
Themed by Global Economy: Present and Prospect, Prof. Edward Prescott delivered a lecture and indicated that “due to the competition among major economic areas and delegation of government’s power, China is now leading in technological field, especially in Fintech area, with its developed highways, railways and airway system, in particular its high speed rail”. He believed Chinese economy will maintain its vitality and was optimistic about China’s future development.
Then, some keynote remarks were addressed by: Mr. Jerry Parwada, bank and finance director of UNSW Australia Business School, on “Introduction to RegTech: New Front of Fintech”; Mr. Yao Xin, director of Computer Department of the Southern University of Science and Technology, former global chairman of intelligent computing of IEEE - USA and director of Intelligent Computing Center of Excellence of University of Birmingham, on “Artificial Intelligence and Finance”.
At last, guests presented at the meeting discussed on issues such as global economy, financial supervision and regulation and opportunities and challenges encountered by Fintech. Though global economy is increasingly improved, the development of Fintech is still facing challenges from different dimensions: supervision and regulation policies, globalization, technology, talents and so on. The Global Fintech Lab, however, will continue to stand at the forefront of Fintech innovation, dedicating to push Fintech forward driving finance to a new generation.
