Standard Chartered is betting on Hong Kong to anchor its global digital finance strategy as it targets higher returns and prepares for a blockchain-powered future, according to CEO Bill Winters.
“We’re going to remain ahead on digital technology, and what we lose in margin, we’re going to make up in volume by providing a better service to our customers,” Winters said.
The plan focuses on four pillars (data and payments, artificial intelligence, resilience and tokenization) together forming the DART framework. This roadmap will guide the next wave of Hong Kong’s fintech growth. In addition, the initiative includes more than 40 programmes aimed at integrating new technologies, strengthening cybersecurity and expanding financial inclusion. Collectively, these efforts could help the sector surpass $600b in revenue by 2032.
Hong Kong’s push to become a global hub for digital finance gained fresh momentum last week. The Hong Kong Monetary Authority launched its five-year “Fintech 2030” strategy to accelerate innovation across the city’s financial system.
