MoU signed by 4 entities in laying the groundwork for AI-powered solutions in Compliance

HONG KONG SAR - Media OutReach Newswire - 5 November 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) brought the HKSTP Pavilion to the Hong Kong FinTech Week x StartmeupHK Festival 2025, where tech showcase of 20 park companies, signing of an MoU, panel discussions among industry leaders, and business matching sessions for startups and partners to pair innovation and investment, made a lineup that celebrates the developments transforming the Banking, Financial Services, and Insurance (BFSI) sector, and echoes with the city's role not only as an international finance centre, but also as a sprouting I&T hub.

"Hong Kong has been a magnet to international capital and capabilities in tech solutions," remarked Eric Or, Acting Chief Corporate Development Officer at HKSTP, "that is not without an aggregation of passion and perseverance. Which is why HKSTP is fully leveraging this opportunity in facilitating approximately 150 business matchings at FinTech Week this year alone to connect innovation with investment."

The event shone a light on the memorandum of understanding (MoU) signed by FCC Analytics with Futu Securities, HashKey Digital Asset Group, and livi Bank, introducing the 'Regtech Innovation Lab' that set precedence for a compliance platform that is locally based. Grown from the AWS x HKSTP Co-Incubation Programme, the tech venture leveraged reckons that security, has always been a conundrum in the BFSI world, and by leveraging the secure cloud infrastructure of AWS, the Lab will be "focusing on Know Your Customer (KYC) and Anti-Money Laundering (AML), marking the first step in our mission to drive AI-led compliance innovation," said Wallace Chow, Founder and CEO at FCC Analytics. "Collaborative development is key to our co-incubation programme. By leveraging respective strengths of our startups and partners, we hope to bring forth more market-ready solutions for the local I&T landscape," echoed by Derek Chim, Head of Startup Ecosystem and Development at HKSTP.

Notable achievements were featured as multiple cross-industry collaborations took stage, in particular, green- and regulatory technologies with local BFSI entities. Aurabeat had its EcoSonic, patented sound frequency filtration tech, deployed within the premises of the Bank of East Asia; and On-us partnered with BOC Life to extend the application of its patented Smart E-Voucher solution, enabling more diverse, sustainable and cost-efficient engagement under 'Live Young' wellness initiatives. Whereas Fill Easy brought Prudential streamlined Know Your Customer (KYC) solutions with GovVerify, providing reassurance with elevated user experience; and Glassbox AI, in collaboration with HSBC is experimenting with AI-powered text-to-sign language generation accessibility tool to foster inclusive banking.

Apart from panel discussions including "Digital Health and Financial Wellness: Bridging The Gap," getting into how digital transformation advances wellbeing and life sciences; industry insights were exchanged at the EPIC Lounge, where the semi-finalists emerged from regional pitching session got to build their network, their reputation, and confidence to get ready pitching for even more opportunities at one of the mega events of the year, supported by Co-title sponsors Cathay and HSBC, as well as Digital Health Tech Track sponsor Takeda, and Hospitality sponsor Regal Hotels International, beyond the fields of I&T in Hong Kong.
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Hong Kong Science and Technology Parks Corporation

More information about HKSTP is available at www.hkstp.org

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