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HKSTP and tech giant partner to spur FinTech R&D

Image Credits: HKSTP, Press Release
Photo: Heads of both parties signing MoU.
Source: HKSTP, Press Release

According to a recent press release, the Hong Kong Science and Technology Parks Corporation (HKSTP) recently signed a Memorandum of Understanding (MoU) with one of the world’s leading tech companies to accelerate the R&D development and deployment of Fintech in Hong Kong.

The partnership will combine the tech giant revolutionary and advanced technology capabilities with HKSTP’s infrastructure and vibrant innovation and technology (I&T) ecosystem.

Through this MoU, the tech company will bring its resources and technological expertise in areas such as payment systems, electronic wallets, data security, Internet of Things, blockchain, artificial intelligence and cloud computing to HKSTP to benefit the park companies and incubatees as they foster various Fintech innovations.

HKSTP will provide access to the park’s Research & Development capabilities, serving as a testbed for innovations powered by the tech company’s technologies, and developing case studies for the initiatives. The two parties will also consider setting up an experience centre at HKSTP’s premises for Fintech R&D. The cooperation will strengthen the innovation of artificial intelligence, robotics, healthtech and smart city.

The tech giant and HKSTP will also work together to nurture and support the growth of start-ups in Hong Kong through exploring investment opportunities; establishing a talent development programme to facilitate and promote knowledge exchange among programme participants; launching a joint incubation programme and setting up an open technology innovation platform to support Fintech innovation and R&D.

The Vice President of the technology group stated that as a leading provider of Internet value-added services in China, the company looks forward to the collaboration with HKSTP and to fostering the Fintech development in Hong Kong, as well as to cultivate the local start-up community.

The tech company provides advanced financial technologies which make daily tasks easier, simpler and more secure. With our expertise and insights in a range of innovations such as payment, electronic wallets, data security, artificial intelligence and cloud.

The company will also be leveraging its strengths, experience and network in the local Fintech industry and start-up community. It looks forward to working hand-in-hand with HKSTP and contributing to the Fintech growth and success in Hong Kong.

The Chief Executive Officer of HKSTP noted that Hong Kong is fast becoming an international Fintech hub with more than 100 Fintech companies and start-ups at Hong Kong Science Park conducting R&D in technologies covering artificial intelligence, blockchain, cybersecurity and other key technologies.

The addition of the tech company, a global technology powerhouse, will not only attract more technology companies and start-ups but also allows the park’s companies and incubatees to benefit from their knowledge and expertise, which will accelerate their speed to the market.

It was added that the tech company’s wide range of experience will provide support at every phase of innovation, from proof of concept to industry sector applications and eventually commercialisation.

These collaborations are vital to the park’s mission of bringing together tech enterprises of various scales, global talent, entrepreneurs, academics and visionaries to further strengthen the I&T ecosystem of Hong Kong.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.