The insurance industry is keen to sell cyber cover to fintechs in Asia, but selling protection against hackers can be a risky business.
The Hong Kong-based fintech, which combines A.I. with capital-markets expertise, says China’s entry to MSCI’s index creates an opportunity for alpha-seekers.
The startup will apply for the first virtual banking licenses, setting it in eventual competition with traditional consumer banks.
The company’s FIC Network is designed to use blockchain tech to originate and distributed fixed-income securities in new ways.