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Articles tagged by John Tsang

Hong Kong Official Highlights FinTech Game Changers FinTech, and in particular blockchain technology, is set to significantly change how banks operate, according to John Tsang, financial secretary for the Government of Hong Kong SAR. However, speaking at a Fintech briefing in New York today, he warned that some banks are ill-prepared for the changes that will be driven by this new technology. “Most of the bankers that I know are the people that are least prepared to deal with FinTech, they have no idea what blockchain is and blockchain is going to change their lives. They might not have a job, to put it in a more brutal way,” he said.