Schroders co-hosts “Sino-British Fintech Forum 2019”
Reinforces commitment to China’s financial industry development
Schroders is proud to have co-hosted the successful “Sino-British Fintech Forum 2019” together with Shanghai International Group and Shanghai Advanced Institute of Finance (SAIF), which was also jointly undertaken by Shanghai Shinovation Capital, and took place in Shanghai on 29 October 2019. The strong involvement of Schroders in this event underscores its commitment in growing with the financial industry and in supporting Shanghai to become a leading fintech centre in Mainland China.
The forum witnessed the establishment of the Shanghai Fintech Industry Union and the inauguration of Shanghai Shinovation Capital Fintech International Industrial Park and United Laboratory for International Fintech Innovation, all in support of the city of Shanghai striving to become the hub for financial innovation and facilitate closer collaboration between financial and technology companies in Mainland China. On 30 October, the Shanghai Head Office of the People’s Bank of China also expressed its support to Shanghai on establishing an international fintech centre and introduced 40 suggested guidelines on fintech development. As a global asset management company, Schroders is passionate in serving the long-term financial needs of investors through our innovative offering. Digitalisation has been a key focus area for the company – whether it is to enhance the investment process, to raise operational efficiency or to better serve increasingly sophisticated and technology-savvy investors – and its co-hosting of the forum reinforces its commitment to enhancing the client experience through every step of their investment journeys.
Graham Kellen, Chief Digital Officer, Schroders, said: "Congratulations to the city of Shanghai and organisers of the Sino-British Fintech Forum on a successful event. We believe the launch of the Shanghai Fintech Union and the Shanghai Shinovation Capital Fintech International Industrial Park and United Laboratory for International Fintech Innovation are important milestones that will reinforce China’s position as a leader in fintech development. They have created an environment that could successfully facilitate closer collaboration between companies and industries, and we look forward to the many innovative fintech solutions that the group will offer.”
“Fintech brings about substantial, positive change to the asset management industry, from strengthening our investment process to improving operational efficiency and enhancing the customer experience. We are certain it will continue to play an increasingly important role in our industry, and China will be one of the major breeding grounds for financial technology innovation,” Graham Kellen added.
Over the years, Schroders has been working closely with a number of partners and organisations globally on developing and utilising fintech to tap investment and business opportunities, such as in the areas of – but not limited to - natural language processing, artificial intelligence, machine learning, and robo advisory.
Globally, including Asia, Schroders has launched Cobalt, an in-residence programme for tech start-ups that leverages the firm’s expertise and resources to help fast-track their product development. Additionally, investIQ, a digital financial education tool that helps investors understand how their behavioural traits could impact investment decisions, was introduced in multiple markets across the region, including mainland China.
David Guo, Chief Executive Officer, China, Schroders, said: “China’s fintech industry has been growing substantially in recent years, and we believe this trend will only continue as the country’s financial market continues to open up. As a company that has been investing heavily in our own digital transformation, we see a lot of synergy between us and other market participants in China, and we hope that through closer collaboration and sharing of best practices, we can help build a strong, harmonious fintech ecosystem in Shanghai. Looking ahead, we hope to leverage our on-the-ground investment expertise and understanding of client needs, and combine that with the appropriate technology to create the most relevant investment solutions for our investors in China.”
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