Inside today’s news in SCMP, we read about our very own Dr. Cedric Jeannot:
APrivacy: A Hong Kong-based security firm providing secure means for banks to send private data to clients is seeing growing interest from the insurance industry as it claims its systems allow customers to create new revenue streams.
APrivacy moved its top staff to Hong Kong last year from Waterloo, Canada, after joining the Accenture FinTech Innovation Lab Asia-Pacific where it realised the potential for growth in the region.
Dr. Cedric Jeannot (our fellow CanCham member), chief executive of financial technology (fintech) start-up APrivacy, said the company’s security features provide an invisible layer to allow banks to send financial information securely to clients through email, document sharing websites and other means.
Privacy is among a growing number of fintech start-ups that collaborate with banks, rather than the original fintech goal of disrupting traditional banking models.
This article appeared in the South China Morning Post print edition as: