In this episode of the Tech in Shanghai podcast, I speak with the co-founder and CEO of ChinaScope, Tom Liu.
ChinaScope “applies big data technologies and methodologies to financial applications”. Translation? They use machines to sift through an endless amount of data, so investors can use only the most relevant decision-making insights.
As Tom proudly describes, it’s a major step towards levelling the playing field between the ‘old boys’ of the financial world, and the average retail investor. In his view, the financial sector is in need of a serious shakeup, and one that NOW appears to be inevitable, despite the industry's traditional resistance to change.
Tom hopes that the future of finance is not only more fair and transparent, but that the technologies that will be introduced will serve to limit the excesses in ‘wealth transfer’ that the financial system has created and coveted for so long, and begin a transition that will see the financial system supporting in an ever-more effective and flexible manner, value creation.
It’s an ambitious goal, but Tom seems ready for the challenge. I’m equally frustrated by the inertia of the financial system, but am hopeful that a fairly dramatic disruption may be on its way, and Tom and I have a fun time exploring what such a new paradigm might look like.
We also get in to Bitcoin, struggles of doing a FinTech startup in China, how Tom would currently invest 100k in the Chinese stock market, the impact AI may soon have, and lots more. It’s a bit of a long-one, but if Big Data, Machine Learning, AI, FinTech and Bitcoin are up your alley, I highly recommend you check out this episode. Enjoy!
TWITTER: twitter.com/techinshanghai
WECHAT: TheHungryFoolish
YOUTUBE: https://www.youtube.com/channel/UC4v9ftNF2AFDAOze0uhNrzw
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