What innovation strategies will unlock growth in the financial sector in 2015?

by Wooky Chung on
in Expert Article, Financial Institutions, All Market Insights

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Growth drivers of financial services, Today and Tomorrow

It will be very difficult to not mention ‘Fintech’ when discussing financial innovation of today. The buzz word has captured the attention of the media and, in turn, the media has started a cycle of monetization (conferences, special reports etc). No doubt, financial technology will be a key growth driver for the industry as a whole and over a longer period of time. Financial services companies that have brushed it aside will likely suffer customer attrition, while those that have embraced it will attract more and more ‘mobile’ customers.


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About the author

Wooky Chung

Wooky Chung is Head of Global Strategy, a part of the Corporate Strategy Division with NH Investment & Securities, the largest capitalized investment bank in Korea. He began his career with Korea Investors Services, a Moody’s company, as a Financial Analyst then joined General Electrics through the Financial Management Program. He joined the firm in 2009 as a manager. Over the course of his career at NH Investment & Securities, he has worked on some of the most significant investment financing transactions, including executing the QFII scheme to invest in China A-shares, increasing the capital base of NH Hong Kong by 200M USD, and the merger with NongHyup Securities. In addition, he is Head of Investor Relations, and is currently leading the company in its efforts to increase global investor communications. Chung holds a BS in Economics from Seoul National University and an MBA from Universitaet St.Gallen. He is currently a PhD candidate at the University of North Korean Studies in Seoul.