Fintech has taken the financial services industry by storm. Is it all hype or are real transformations taking place?
Fintech has taken the financial services industry by storm. Is it all hype or are real transformations taking place? How is the new breed of fintech firms applying such new technologies as artificial intelligence, big data, and blockchain to the centuries-old insurance business? To look beneath the surface, Larry Cao, CFA, asked Chen Wei, CEO of Zhong An Technology—the technology arm of Zhong An Insurance, a fintech firm cofounded by Jack Ma (Alibaba), Pony Ma (Tencent), and Mingzhe Ma (Ping An Group). They also discuss the need for professionals to understand both technology and finance to thrive in the new environment. This interview was conducted at the LendIt China 2017 conference in Shanghai and is in Chinese.
The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.