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Jun 212018


The new alliance formed by Cyberport, IBM China/Hong Kong Ltd and the Smart City Consortium was launched recently. The strong network will assist to further develop the Hong Kong financial technology (FinTech) sector and help to accelerate growth by connecting technology, academic and commercial stakeholders.

Besides the number of new companies is increasing, Hong Kong’s startup ecosystem can still need more cooperation to create innovation and help transforming traditional industries to the modern era. FinTech Startups can often be more creative and innovative than established industry players and help to set new standards. Referring to the potential of this alliance, Dr Lee George Lam, Chairman of Cyberport, said that:“This platform will benefit our FinTech community of over 250 start­ups and companies, as well as raise market awareness of the importance of FinTech in transforming Hong Kong’s economy.”
Network member IBM China/Hong Kong Ltd offers direct access to its technologies for Startups. Under the Global Entrepreneur Program (GEP) young companies around the world receive infrastructure and access to IBM’s cloud-based solutions. InsurTech company Wesurance Ltd. is one of these startups that directly benefits from IBM’s innovative services.
Together with representatives of Cyberport, IBM and Smart City Consortium, the Cyberport based FinTech startups Wesurance Ltd and Deep Invest Technology Ltd were part of the launching ceremony at Smart Space on January 24, 2018. Wesurance Ltd offers a mobile app solution for insurance products and is currently providing Travel Insurance coverages underwritten by Allied World Assurance Company Ltd. In a panel discussion, Natalie Fong, COO of Wesurance Ltd, stated the importance of this kind of collaborations to exchange technology and booster further innovation.
In the demo part of the event, representatives and guests had the opportunity to chat with SoftBank’s robot Pepper and to ask her frequently asked questions about travel insurance, different plans and coverages, legal regulations, online purchasing and applying for a claim. Wesurance Ltd’s AI-based personal insurance assistant ms.AMY was implemented to Pepper in cooperation with IBM and can answer these questions. The audience truly enjoyed having a conversation with ms.AMY and this new experience of insurance consultancy.


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