HKSTP and beNovelty Spark Digital Economy Drive with Apidays LIVE HONG KONG

(Hong Kong, 4 November 2020) – Hong Kong Science and Technology Parks Corporation (HKSTP) joined Fintech industry leaders in lauding the success of the first-ever Apidays LIVE Hong Kong which was held on 8 October 2020.  

Apidays is the leading industry technology and business series of conferences in Application Programming Interfaces (APIs) and the programmable economy. Since 2012, the worldwide conference has run across 13 countries and cities such as London, New York and Singapore. 

Organised by HKSTP and Hong Kong’s leading API development company beNovelty, Apidays landed in Hong Kong this year among other destinations, bringing in industry thought leaders to share their latest insights. 

Themed as “The Open API Economy: Finance-as-a-Service & API Ecosystems”, Apidays LIVE Hong Kong attracted more than 1,000 audience members and 52 speakers from the territory and overseas. The tracks for the Hong Kong conference covered topics including API-driven economy and architecture, as well as the trends and technologies of Open Banking. 

Ir Peter Yeung, Head of Electronics & ICT Clusters of HKSTP, said, “It’s exciting that we have brought Apidays to Hong Kong for the first time. The world is moving towards Open Banking, and Hong Kong is championing a vision to deliver this reality. We expect a stream of innovation created through this open collaboration model.” 

“To enable rapid collaboration between technology companies and financial institutions, we are rolling out an OpenEX program (Open for Excellence) to promote industry standards for technology companies to get onboard. The program will support participating startups and companies in going through standard assessment process, providing positive impetus to promote and adopt innovation and technology in the financial sector.”

As a partner company of HKSTP, beNovelty is a pioneer in Open APIs providing platforms to enable businesses across industries to rapidly deliver new service models and offerings. “beNovelty is driving industry-wide development of APIs for businesses by organising this international conference, to improve digital user experience and explore cross-industry innovation,” said Patrick Fan, CEO of beNovelty. “Working with HKSTP and leading enterprises, we will build an Open API ecosystem, allowing startups to integrate and collaborate with enterprises via innovative API services.”

At the Hong Kong conference, HKSTP hosted a signature session titled “Co-creating API Ecosystem for Financial Services” with key representatives from leading banks to share the power of open APIs and the transformation potential of financial services. In addition, seven Park companies were invited to share the development of the API community in Hong Kong: 

• beNovelty:  Building the Hong Kong API community
• FundPark: SME lending platform to acquire loan through API
• Pecutus: Open innovation through Open Banking API co-creation
• Mioying Financial Technology: ESG alternative data: From collection to delivering interface
• Regtics: Enabling AML services through API to gain efficiency for account opening by centralising the KYC process
• Bachcode : API for AI users clustering and recommender system
• Datax: Helping SMEs to get 100% loan guarantees through OCR API during the Covid