In Tokyo’s Ginza, Seoul’s Gangnam and Beijing’s Chaoyang financial district a familiar scene plays out almost every night of the work week. As dusk falls, businessmen flock to karaoke and hostess clubs to close deals and build relationships in the liquor-lubricated intimacy of young women.Call it bonding over vice. It’s a culture that sits uneasily with the #MeToo movement that has swept across Europe and the United States (US).
As the world grows smaller and connected, many organisations and individuals become highly depended on technology-based interfaces for various financial services including banking, payments, money transfers, fund-raising and asset management. The impact of technology on finance is changing the world as we speak and FinTech (financial technology) is at the forefront of the next global revolution - leading to greater overall efficiency and productivity.