The Innovation Center owned by the leading Italian banking group Intesa Sanpaolo has started a partnership in the capital of the Greater Bay Area to test the opportunities given by the fintech industry for the development of its financial business. It will also support Italian startups looking forward to the evolution of the markets in one of the most dynamic areas of the world.
MILAN, Mar 20 (Class Editori) -- "The agreement with a key player such as The Floor Hong Kong will allow us to offer the Group and our customers access to one of the largest start up acceleration platforms on a worldwide basis, offering new development and investment opportunities," explained the managing director of Intesa Sanpaolo Innovation Center Maurizio Montagnese. The Floor Hong Kong has recently opened a new office in the reference city of the Greater Bay Area.
Innovation Center is a company owned by the banking group Intesa Sanpaolo, which is in charge of supervising, implementing and accelerating innovation development processes and plans. The partnership is the outcome of the experience with The Floor, begun in 2016 in Tel Aviv and based on fintech issues. The new agreement is an opening door to an innovative ecosystem driven by exponential growth.
The partnership aims to support the activities of the Innovation Center, which include the acceleration of the international scale-up of Italian companies in Asia, training programs for young talents of the company and facilitating the scouting of wealth management technology platforms on the Chinese market.
Hong Kong and the Greater Bay Area - which also includes Macao, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing - represent the most dynamic area of China, featured by a high level of physical and virtual connectivity. The area in fact hosts the leading technology patent manufacturers of the whole Asia and high-tech giants, serving for a market of over 70 million people.
Hong Kong, for example, is linked to the technological hub of Shenzen by an high-speed train which only takes 12 minutes to connect the two locations. It is also possible to reach the tourist and entertainment center of Macau by a bridge, which is only 20 minutes away by car. The former British colony is the center of a business combination formed by thousands of companies and an ever-increasing trade. Building on the Belt & Road Initiatives, it not only serves as a hub for Chinese capital destined to the rest of the world, but it would also turn into a reference point for the monitoring of the advanced developing economies of south-east Asia, such as Vietnam, Singapore, Thailand and Malaysia.
"I believe that reinforcing this strategic partnership is the key to shaping the bank model of the future together and it will also add great value to the Hong Kong ecosystem and the growth of our company in Asia," commented the co-founder and board director of The Floor Moises Cohen.
(Source:Class Editori)
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