{"id":16348,"date":"2019-09-12T09:02:21","date_gmt":"2019-09-12T01:02:21","guid":{"rendered":"https:\/\/exed.bschool.cuhk.edu.hk\/programme\/fintech-seminar-incumbent-banks-vs-virtual-banks\/"},"modified":"2024-06-14T12:00:06","modified_gmt":"2024-06-14T04:00:06","slug":"fintech0912","status":"publish","type":"programme","link":"https:\/\/exed.bschool.cuhk.edu.hk\/zh\/programme\/fintech0912\/","title":{"rendered":"Fintech Seminar : Incumbent Banks vs Virtual Banks"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f2f2f2&#8243; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;3_5,2_5&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; min_height=&#8221;360px&#8221; custom_padding_phone=&#8221;20px|20px|20px|20px|true|true&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;3_5&#8243; module_class=&#8221;hero-image-gradient&#8221; _builder_version=&#8221;4.24.3&#8243; _dynamic_attributes=&#8221;background_image&#8221; _module_preset=&#8221;default&#8221; background_image=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@&#8221; custom_padding=&#8221;90px||90px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;2_5&#8243; module_class=&#8221;vertical_center banner_content&#8221; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text module_class=&#8221;cpt_title&#8221; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1>\u91d1\u878d\u79d1\u6280\u7814\u8a0e\u6703 \u2013 Incumbent Banks vs Virtual Banks<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>Fintech Seminar &#8211;<span>\u00a0<\/span><strong>Incumbent Banks Vs Virtual Banks<\/strong><\/b><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;3_4,1_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|true&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;gcid-a5632d1f-8dc7-4cc4-a353-8d213232e84a&#8221; global_colors_info=&#8221;{%22gcid-a5632d1f-8dc7-4cc4-a353-8d213232e84a%22:%91%22border_color_bottom%22%93}&#8221;][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><b>Speaker :\u00a0<\/b>Mr Raymond Cheng,\u00a0Group GM &amp; Chief Operating Officer, Asia Pacific,\u00a0HSBC<\/p>\n<p><b>Date : \u00a0<span>\u00a0<\/span><\/b>12 September 2019 (Thu)<\/p>\n<p><b>Time :\u00a0<span>\u00a0<\/span><\/b>5:30\u00a0 &#8211; \u00a06:30 p.m.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]The Hong Kong Monetary Authority (HKMA) defines a virtual bank as a bank that primarily delivers retail banking services through the Internet or other forms of electronic channels instead of physical branches. An incumbent bank, on the other hand, has headquarters, back offices and branches located across the markets in which it operates. During the seminar, Mr Cheng will compare these two types of the financial service organisations from business objectives, operating models, customer segmentations and foreseeable competition. He will also share with participants the outlook of the banking industry with new entrants to the market in the digital era.[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>JOIN OUR SEMINAR<\/strong><\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/cloud.itsc.cuhk.edu.hk\/webform\/view.php?id=7932216&#8243; url_new_window=&#8221;on&#8221; button_text=&#8221;REGISTER NOW&#8221; button_alignment=&#8221;center&#8221; module_class=&#8221;yellow-btn&#8221; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>ABOUT OUR PREVIOUS EVENT<\/strong><\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/exed.bschool.cuhk.edu.hk\/cn\/programme\/fintech-something-new-under-the-sun\/&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;EVENT HIGHLIGHTS&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>CONTACT US<br \/>Phone:<\/strong><span>\u00a0(852) 3943 7438<\/span><br \/><strong>Email:<\/strong><span>\u00a0apib@cuhk.edu.hk<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;3_4,1_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|true&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;gcid-a5632d1f-8dc7-4cc4-a353-8d213232e84a&#8221; global_colors_info=&#8221;{%22gcid-a5632d1f-8dc7-4cc4-a353-8d213232e84a%22:%91%22border_color_bottom%22%93}&#8221;][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>BIOGRAPHY<\/b><\/h2>\n<div class=\"grid-x grid-margin-x\"><\/div>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Mr Raymond Cheng is an Executive Committee member of HSBC Asia Pacific, assuming overall responsibility for Information Technology, Back Office Operations, Transformation, Corporate Real Estate and Procurement covering 19 countries and territories in the region. Mr Cheng is the Chairman of HSBC Technology and Services (China) Ltd, HSBC Electronic Data Processing (Guangdong) Ltd and HSBC Global Services (HK) Ltd. He is also a Director of HSBC Bank (Vietnam) Ltd, Hong Kong Notes Printing Limited, HKICL, Hong Kong Trade Finance Platform Co Ltd, HKSTP Corporation and HK Institute for IT Professional Certification. In addition, he is the Independent Manager on School Board for Shun Tak Fraternal Association Yung Yau College.<\/p>\n<p>Mr Cheng joined HSBC information technology department in Hong Kong after returning from the Netherlands, where he was undertaking academic research. Since then, he has worked in and led different IT functions and various projects locally and globally. Most of his experience is in delivering new technology and setting up operational services for the Bank. Apart from working in Hong Kong, he spent five years in HSBC.com Inc in North America from 2001 onwards.<\/p>\n<div class=\"cell medium-7\">\n<p>&nbsp;<\/p>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;3_4,1_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|true&#8221; border_color_bottom=&#8221;gcid-a5632d1f-8dc7-4cc4-a353-8d213232e84a&#8221; global_colors_info=&#8221;{%22gcid-a5632d1f-8dc7-4cc4-a353-8d213232e84a%22:%91%22border_color_bottom%22%93}&#8221;][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>FINTECH SERIES<\/b><\/h2>\n<div class=\"grid-x grid-margin-x\"><\/div>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>The CUHK FinTech Seminar Series is co-organized by the Centre for Financial Engineering (CFE) and the Asia-Pacific Institute of Business (APIB). Industry practitioners are invited to campus to share their areas of expertise.\u00a0 We see the advantage of bringing together the academia and industry experts, providing a platform to carry out fruitful and productive discussions, encourage the exchange of ideas and promote future collaboration opportunities.\u00a0 CUHK students may also widen their exposure and receive some enlightenment in their career development.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<table class=\"white-table border\" border=\"1\" cellspacing=\"1\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td>Date<\/td>\n<td>Details<\/td>\n<\/tr>\n<tr>\n<td>Feb 20, 2019<\/p>\n<p>&nbsp;<\/p>\n<p>(Wednesday)<\/td>\n<td>Topic: Transforming the Way in Managing Operational Risks in a Global Financial Organization<br \/>\nSpeaker: Mr Raymond Cheng, Chief Operating Officer, Asia Pacific, HSBC<\/td>\n<\/tr>\n<tr>\n<td>March 20, 2019 (Wednesday)<\/td>\n<td>\n<p>Topic: Fintech: Something New Under the Sun?<br \/>\nSpeaker: Mr. Nelson Chow,\u00a0Chief Fintech Officer,\u00a0Hong Kong Monetary Authority<\/p>\n<p><a href=\"https:\/\/exed.bschool.cuhk.edu.hk\/zh\/programme\/fintech-something-new-under-the-sun\/\" class=\"button button-primary\" target=\"_blank\" rel=\"noopener\">Event Highlights<\/a><\/td>\n<\/tr>\n<tr>\n<td>April 17, 2019 (Wednesday)<\/td>\n<td>\n<div>Topic: Inhouse Fintech Incubator \u2013 StartupXchange<br \/>\nSpeaker: Mr. Matthew Ng, Senior Vice President, DBS HK &amp; Mainland China<\/div>\n<div><\/div>\n<div><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>May 27, 2019 (Monday)<\/td>\n<td>\n<div>Topic:<span>\u00a0<\/span><b>Digital Disruption in Financial Services<\/b><br \/>\nSpeaker: Mr. Peter Clark, Regional Chief Information Officer, Standard Chartered Bank<\/div>\n<div><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>Sep 12, 2019 (Thursday)<\/td>\n<td>\n<div>\n<p>Topic:<span>\u00a0<\/span><strong>Incumbent Banks vs Virtual Banks<\/strong><br \/>\nSpeaker: Mr Raymond Cheng, Group GM &amp; Chief Operating Officer, Asia Pacific, HSBC<\/p>\n<p><a href=\"https:\/\/cloud.itsc.cuhk.edu.hk\/webform\/view.php?id=7932216\" class=\"button button-primary\" target=\"_blank\" rel=\"noopener\">Register NOW<\/a><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>Sep 19, 2019 (Thursday)<\/td>\n<td>\n<p>Topic:<span>\u00a0<\/span><strong>InsurTech<\/strong><br \/>\nSpeaker: Mr. Erwin Chak, Senior Manager Policy &amp; Development, Insurance Authority<\/p>\n<p><a href=\"https:\/\/cloud.itsc.cuhk.edu.hk\/webform\/view.php?id=7957914\" class=\"button button-primary\" target=\"_blank\" rel=\"noopener\">Register NOW<\/a><\/p>\n<div><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>Oct 24, 2019 (Thursday)<\/td>\n<td>\n<p>Topic:<span>\u00a0<\/span><strong>A FinTech Engagement Framework<\/strong><br \/>\nSpeaker: Mr. Gilbert Lee, Head of Strategy &amp; Planning &amp; Chief of Staff, Hang Seng Bank<\/p>\n<p><a href=\"https:\/\/cloud.itsc.cuhk.edu.hk\/webform\/view.php?id=8056039\" class=\"button button-primary\" target=\"_blank\" rel=\"noopener\">Register NOW<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.24.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u91d1\u878d\u79d1\u6280\u7814\u8a0e\u6703 \u2013 Incumbent Banks vs Virtual BanksFintech Seminar &#8211;\u00a0Incumbent Banks Vs Virtual BanksSpeaker :\u00a0Mr Raymond Cheng,\u00a0Group GM &amp; Chief Operating Officer, Asia Pacific,\u00a0HSBC Date : \u00a0\u00a012 September 2019 (Thu) Time :\u00a0\u00a05:30\u00a0 &#8211; \u00a06:30 p.m.The Hong Kong Monetary Authority (HKMA) defines a virtual bank as a bank that primarily delivers retail banking services through the Internet [&hellip;]<\/p>\n","protected":false},"featured_media":16341,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"programme_type":[60],"class_list":["post-16348","programme","type-programme","status-publish","has-post-thumbnail","hentry","programme_type-programmes-zh"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FinTech Seminar Series | APIB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exed.bschool.cuhk.edu.hk\/programme\/fintech0912\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinTech Seminar Series | APIB\" \/>\n<meta property=\"og:description\" content=\"\u91d1\u878d\u79d1\u6280\u7814\u8a0e\u6703 \u2013 Incumbent Banks vs Virtual BanksFintech Seminar -\u00a0Incumbent Banks Vs Virtual BanksSpeaker :\u00a0Mr Raymond Cheng,\u00a0Group GM &amp; 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