Thomson Reuters platform to help further develop Hong Kong’s fintech offerings
News and data giant says platform can help fintechs distribute their products as well as use its technology, tools and data to create products, for free
Thomson Reuters, the news and market data giant, is partnering with a Hong Kong government-backed body to help the city’s banks and fintech firms develop new technology, cut costs and create new products.
The new arrangement will see Thomson Reuters offer its platform to financial firms to distribute their products as well as use its technology, tools and data to create products, for free.
Sanjeev Chatrath, its managing director and region head of Asia, financial and risk, said offering its platform is chiefly intended to allow Hong Kong finance firms to better distribute newly created products to clients around the world.
But a memorandum of understanding has also been signed between the global firm and Hong Kong Applied Science and Technology Research Institute (ASTRI), under which the former will also allow banks and financial firms to use its HKMA-ASTRI Innovation Hub, jointly created with Hong Kong Monetary Authority (HKMA).
“Thomson Reuters itself is a fintech company that takes technology and innovation very seriously.
“We would like to promote fintech development in Asia as a whole, of which Hong Kong has a very important role to play as a gateway for investors entering the China market,” said Chatrath.
Thomson Reuters...takes technology and innovation very seriously. We would like to promote fintech development in Asia as a whole, of which Hong Kong has a very important role to play as a gateway for investors entering the China market