Digital & Technology

Creation of a new FinTech hub in Hong Kong by TNG FinTech Group

TNG FinTech Group has opened the Wall Street Factory (WSF) space in North Point. The group hopes the facility will stimulate innovation in the FinTech industry by enhancing the services provided to FinTech entrepreneurs.

The group, made up of a conglomeration of FinTech leaders who aim to introduce convenient banking services to the mainstream, aims to address the 1.2 billion unbanked population in Asia. It hopes to engage this demographic with its wide range of financial services, including electronic payments, global remittance, global cash withdrawal and settlement, and wealth management.

TNG hopes that the new WSF space will facilitate the cooperation of FinTech entrepreneurs in the market and will help develop the industry as it offers all-round solutions, including business incorporation, office space, operation support, business referral, fundraising and capital market advisory.

Alex Kong, the Group’s Founder and Chairman, stated for the press release that TNG is “really excited to witness the launch of the WSF, which perfectly matches TNG’s commitment to elevating the lives of billions with financial empowerment and financial services.”

The group hopes to contribute to the growth and development of FinTech solutions through the WSF, and “help start-ups grow from being rising stars to unicorns, and then to public listings in major stock exchanges,” as described by Mr. Kong.