PHBS UK - HiTECH Innovation
Business & Technology Innovation Conference 2019
There were more than 170 institutional practitioners, students and academics from over all the UK attended the Business & Technology Innovation Conference 2019 in the UK Campus of Peking University in Oxfordshire on Sunday 16th June. The Conference, organized jointly by PHBS UK and HiTECH Innovation, provided us with a great opportunity for like-minded individuals and front research runners in Fintech to come together for exchange and discussion on what the Fintech landscape looks like across the UK and China. It was also an opportunity to assess the challenges and opportunities of technology commercialisation across both the UK and China and how approaches to these differ across industries and individuals.
All delegates were welcomed by Professor Guy Liu, the Head of PHBS UK Campus, and Chuck He the Co-president of HiTECH Innovation.
Eva Zhang, the Business Development Director of Alibaba Cloud Europe, kicked off proceedings with an incredibly interesting talk on Alibaba and Fintech and illustrated how she has been focusing on building the ecosystem for Alibaba Cloud and how her approach has changed over time dependent on the market. Next up was Dr Chongxian Zhu, Director of Quantitative Research at Lloyds Banking Group, who discussed the application of AI in the banking industry. Currently Dr Zhu is leading a team to implement large scale portfolio analytics, by introducing new technologies such as big data and cloud computing.
Our final presentation of the morning was on Open Banking & The Fintech Revolution and given by Yuhang Qi, Product Team Leader, Sync.Money. Mr Qi is an angel investor with portfolios in multiple UK based fintech companies. Mr Qi asked and endeavoured to answer some of the following questions; Are customers satisfied with banks? Are UK Customers ready for change? Are they ready to share their financial data and trust third parties? It was an extremely thought-provoking presentation and incited quite a bit of discussion!
The discussion continued into the first panel session of the day which looked at the ‘Current Applications of FinTech in Chinese and British Enterprises’. The panel was moderated by Zhikai Xie, the co-founder of China Britain Artificial Intelligence Association. Amongst other things the panel discussed whether AI would replace decision making in investments or whether it would merely stay in a supporting role.
Following a sunny lunch break we moved on the second panel of the day: research and development of the Internet of Things (IoT) Technologies. First up was Professor Chee Yew Wong, Professor of Supply Chain Management at Leeds University Business School who presented a primer on the ‘Understanding of IoT Ecosystems’. Professor Wong also explored the demand and supply of such technologies and how these change and might change in the future.
Dr Des McLernon, Reader in Signal Processing at the School of Electronic and Electrical Engineering (University of Leeds) gave his talk next and discussed 5G, what it is and whether it is something that we really need. Dr McLernon’s presentation was a stand-up comedy in science and technology and had the audience laughing on numerous occasions!
Finally, Xuan Jin, Lead Solution Architect and Senior Technology Evangelist (Alibaba Cloud Europe) gave his presentation on Alibaba’s Cloud IoT Solutions and Value Proposition within the field. This took us nicely into the second panel discussion of the day and our three experts discussed and took questions form the audience on all thing’s internet of things, moderated by professor Chee Yew Wong. Mr Jin fielded some questions regarding Alibaba’s privacy protection and gave some insight into the internal ethics commission in place to protect the privacy of its users.
Our final panel of the day was centred around Blockchain and our first speaker was Urs Bolt, who has more than 30 years of experience in wealth management, investment banking and related technology businesses. Mr Bolt spoke about the impact of blockchain on the banking business model and discussed the digital economy and the role of banks within it.
Next up was Laurence Kirk, CEO and Technical Lead at Extropy.IO Ltd who gave a presentation on ‘Blockchain Technology in Business: Trends and Opportunities’. Mr Kirk endeavoured to answer the long-asked question ‘Blockchain or database?’ and, in short, “it’s rather a spectrum”!
Hugo Pinto joined us from CognitionX, where he is an Advisory Board Member and his presentation, ‘Blockchain: At the Table or on the Menu’ asked if it is possible for us to focus on human centred design rather than just blockchain technology.
The final panel discussion of the day looked at ‘How to Advance the Commercialisation of Blockchain Technologies’. It was moderated by Urs Bolt and Laurence Kirk and Hugo Pinto were joined by Dr. Arhat Virdi who holds lectureships in Economics at Brasenose College, Hertford College and St Catherine’s College within the University of Oxford. Our final panel was a wonderfully interesting discussion and provided everyone with several new ways to view blockchain.
The day ended with a talk from Mimi Zou, Deep Tech Dispute Resolution Lab, Oxford University who discussed the law and ethics of technology and asked the question ‘should lawyers learn to code?’. It was an insightful end to the day and brought home one of the factors that underpins all the discussion that had taken place.
It was an extremely successful day for all involved. We from PHBS UK would like to thank the volunteers from HiTECH Innovation for their excellent organisation and running of the event on the day – it was a pleasure to work with all of you! Thank you to all the speakers and guests who took the time to come and engage in such interesting discussion with our students, faculty and guests.
We look forward to the next event!
|Last modified: 2019-06-24 11:55:41 by Zoe Toone||Created at: 2019-06-24 10:03:47|