Fintech needs to be less about the technology and more about solving real problems in the next couple of years. The sector is proving more disruptive in Asia than elsewhere around the world, according to the panelists for “2017 – A better year for fintech?” session at TechCrunch Shenzhen.

Jack Zhang, co-founder and CEO of cross-border payments platform Airwallex, and James Lloyd, Asia Pacific Fintech Leader at professional services firm EY (formerly Ernst & Young), were unanimous in their outlook for fintech.

“Less hype around [fintech] funding and more real new products,” said Lloyd with Zhang of the similar opinion that “. . . [i]t needs to be about how we’re solving problems, not just talking about tech like blockchain. It has its uses, but isn’t necessarily solving problems.”

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Frank Hersey

Frank Hersey is a Beijing-based tech reporter who's been coming to China since 2001. He tries to go beyond the headlines to explain the context and impact of developments in China's tech sector. Get in...