A Chinese Fintech startup, Mioying, is launching a new operating system that offers a more efficient and streamlined platform for wealth management processes and analytics. The system allows wealth management managers to utilize end to end portfolio data and analytics, making their previously tedious responsibility of manual analytics and Excel manipulation a worry of the past. One of Mioying’s motivations for this innovation stems from their desire for Hong Kong to remain a competitive financial hub relative to the rest of the world. In the past decade, Hong Kong’s wealth management sector has not seen any new financial technology until this innovative new system was launched.
The startup’s motivation behind this Fintech innovation points towards a larger theme of global competition in markets and how fintech will be the fuel for growth in the future. Increased use of Fintech is already proving its value in reducing inefficiency in multiple regards. Futher innovation and implementation of Fintech will definetely boost economic performance while creating stronger and more competitive local and global markets.
http://www.marketwired.com/press-release/mioying-technology-shakes-up-hong-kongs-financial-sector-with-hardcore-fintech-os-2201679.htm