{"id":60907,"date":"2020-11-05T03:00:16","date_gmt":"2020-11-04T19:00:16","guid":{"rendered":"https:\/\/www.fbe.hku.hk\/alumni-overview\/startup-star\/the-fintech-icon-giving-back-to-society\/"},"modified":"2020-11-13T11:11:35","modified_gmt":"2020-11-13T03:11:35","slug":"the-fintech-icon-giving-back-to-society","status":"publish","type":"page","link":"https:\/\/www.hkubs.hku.hk\/tc\/alumni-overview\/startup-star\/the-fintech-icon-giving-back-to-society\/","title":{"rendered":"The FinTech icon giving back to society"},"content":{"rendered":"\t\t
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The FinTech icon giving back to society<\/span><\/b> <\/span><\/span><\/p><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Business and finance are often considered arenas to simply get rich, but Irene Wong (MFin 2006) sees her role a bit differently \u2013 she wants to give back to society. Modesty is a hallmark of Irene ‘s personality, so much so that you would not know the founder of ixFintech is both a well-respected veteran in the finance field and an innovator among FinTech practitioners in Hong Kong.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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From the hustle and bustle of trading floors<\/span><\/b><\/span><\/p><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Irene\u2019s journey started as an open outcry\u00a0trader from 1996 to 1999 with Morgan Stanley, where she helped execute global\u00a0hedge fund orders during the Asian financial crisis. “I was good at the\u00a0job because people could hear my voice on the trading floor very well,”\u00a0she laughs.\u00a0<\/span><\/p>

Irene moved up the ladder to become one of\u00a0the highest paid execution traders in Asia, before joining Hong Kong Exchanges\u00a0and Clearing Limited (HKEX), managing the Hang Seng Indexes Company Limited and\u00a0launching the Hang Seng China Enterprises Index Futures. But she was never one\u00a0to rest on her laurels, and she had the determination to keep learning.<\/span><\/p>

Education is a passion for Irene – in addition to her bachelor\u2019s degree from the London School of Economics, and Master of Finance from HKU Business School, Irene further pursued a financial engineering programme at Stanford University in 2009 and an executive development programme at Wharton Business School in 2013.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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The latter course was crucial to Irene\u2019s career progression, allowing her to join the Wharton Fellows Programme that included trips to Silicon Valley, where she visited Facebook, Samsung, Apple, along with a visit to Tel Aviv to meet the founder of ICQ, and going to Amazon and Microsoft headquarters in Seattle. \u201cThese moments inspired me to learn about the next big thing, which at the time was data and FinTech, but at that time people in Hong Kong were barely talking about this,\u201d she says.<\/span><\/p>

Irene was then a Senior Vice President at HKEX, where she helped introduce the organisation\u2019s first app. \u201cIn 2015, I had not seen all my ideas being implemented, and decided to pursue what I thought was right for the world,\u201d Irene says. It was at that point she branched out from corporate life into her entrepreneurial journey.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Bold adventures in FinTech<\/span><\/b><\/span><\/p><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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We are now sitting in Cyberport, where ixFintech completed the tech hub\u2019s incubation programme in 2018. Irene’s innovations include the ixOption platform that provides a one stop shop for learning, trading, risk management, and financial literacy. It was a top 100 Finance App on Apple App Store in 2018, and became popular for its unique tools including an implied volatility and options calculator. \u201cThe mission is to promote financial literacy and help to maintain Hong Kong as a world financial centre, particularly as derivatives is not that developed across Asia,\u201d she says.<\/span><\/p>

In this age of volatility, financial literacy is a major passion for Irene. \u201cThe structured product market should be well developed and prevent people from suffering by buying instruments they don\u2019t understand. There is nothing wrong with many financial products, but with the people who communicate and sell products, the system needs to improve,\u201d Irene says.<\/span><\/p>

Going forward, the team is also planning to launch an option and structured products advisory chatbot, along with integration of blockchain and digital currency. One of her current projects is ixCircle, which aims to connect start-ups and investors with a platform hosting business pitch videos, and chat functionality.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Community comes before cash<\/span><\/b><\/span><\/p><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Making a positive impact to society through FinTech is fundamental to Irene\u2019s goals. \u201cYou can offer more jobs, nurture the\u00a0new generation, and help people in Hong Kong,\u201d says Irene, who volunteers to\u00a0mentor students from HKU Business School. \u201cAt first I thought I was helping\u00a0them, but it turns out they are also helping me,\u201d she says.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Irene brought graduates on board, although she admits at times she can be a tough boss, and that some students had found it too hard going. Yet a number of graduates excelled, with one of those helping her create ixOption, and another aiding with the creation of ixCrypto, Hong Kong\u2019s first benchmark indicative crypto index. \u201cThis is great for graduate as well, rather than showing people a piece of paper, tell them you created an index. I hope these projects can help these young people get their dream jobs,\u201d Irene adds.<\/span><\/p>

When reflecting on her time at HKU Business School Irene says she expanded her network and made good friends. \u201cI took a part time course and attended classes at night, and we would get very hungry at 8pm, and would sneak out for a quick snack in Admiralty Centre,\u201d Irene says in her gregarious fashion. \u201cNetwork and relationships are so important, and you never know when a friendship can bring you to the next step in your career,\u201d Irene says.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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So what is the secret to entrepreneurial success? \u201cBe fair to others and yourself, have the heart to do good things to the world, and give back to society,\u201d she adds.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The FinTech icon giving back to society Business and finance are often considered arenas to simply get rich, but Irene Wong (MFin 2006) sees her role a bit differently \u2013 she wants to give back to society. Modesty is a hallmark of Irene ‘s personality, so much so that you would not know the founder […]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":60795,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-60907","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t