【2018年整理】星展银行(DBS)和安永联合发布报告《中国金融科技的崛起》ey-the-rise-of-fintech-in-china-min.pptx

A COLLABORATIVE REPORT BY DBS AND EYNOVEMBER 2016The Rise of FinTech in ChinaRedefining Financial ServicesExplosiveGrowth of FinTechOpportunities to ScaleCurrent and Future LandscapeTHE RISE OF FINTECH IN CHINA03The Rise of FinTech in ChinaRedefining Financial ServicesForeword 04 Executive Summary 06 Introduction 09 Key Drivers of FinTech in China 12Unmet Financial NeedsUbiquitous ConnectivityE-commerce with Chinese Characteristics Internet Giants Driving Innovation FinTech ReadyKey Trends in FinTech 23From Competition to Collaboration Increasing Regulatory Focus Opening Up?More Formalised Funding Value Chain ParticipationBeyond Payments: FinTech Forays 31InsuranceWealth management (WM) BlockchainDigitising Credit ScoringChinese FinTech Going Global 37Casting a Wide NetChallenges with Internationalising How to Enter ChinaTHE RISE OF FINTECH IN CHINA04ForewordWhile London, New York and Silicon Valley, compete to position themselves as the world’s ‘FinTech hub’, China has leapfrogged ahead to become the undoubted centre of global FinTech innovation and adoption – thanks to developments across multiple hubs, such as Shanghai, Hangzhou, Beijing, and Shenzhen. The speed, sophistication, and scaleof development of China’s FinTech ecosystem have been at a level unmatched in more established markets. As banks and financial services institutions in the West look at ways to incrementally innovate, China’s technology leaders are revolutionising many aspects of financial services.China’s FinTech revolution is a consequence of multiple factors – not least the scale of unmet needs being addressed by dominant technology leaders, combined with regulatory facilitation and easy access to capital. Underserved by China’s incumbent banking system, consumers and small-to-medium-sized enterprises (SMEs) are increasingly turning to alternative providers for access to payments, credit, investments, insurance, and even other non-financial service offeri