February 22, 2024

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ASTRI joins HKU Space to bolster Hong Kong’s FinTech talent pipeline

ASTRI, Press Release

According to a recent press release, the Hong Kong Applied Science and Technology Research Institute has announced that it will be partnering with the HKU Space (an extension of the Hong Kong University) to work towards grooming the next generation of technology talents (which happens to be one of the biggest challenges facing Hong Kong currently).

ASTRI, the largest applied R&D institution in the city, takes on this challenge as part of its overall mission to enhance Hong Kong’s competitiveness in the technology-based sectors. A great milestone to that end accomplished today with ASTRI partnering with HKU Space.

ASTRI’s Senior Director of Security and Data Sciences joined the MOU signing ceremony for this partnership.

It was noted that other high-ranking government officials and industry partners also attended the event. For example, Mr Charles Mok, JP, Legislative Council Member; the Director of HKU Space; and the Director & Threat Analyst of DTL, joined the occasion.

Through this partnership, ASTRI’s R&D experts will teach and train the students with practical and industry-relevant content. ASTRI’s Cyber Range facility will also allow the students for hands-on simulated exercise.

With its unique position within the FinTech ecosystem, ASTRI is connected to both the supply and demand ends of the value chain.

ASTRI not only provides FinTech and Cybersecurity training to industry professionals and rising talents, but it also uses the network across the industry and universities, to inspire potential talents to embrace FinTech as an inspiring career choice.

It has been noted that Hong Kong is one of the world’s leading Fintech hubs, with its fintech landscape having undergone incredible growth in recent years.

According to data by InvestHK, as of 2017, 48 of the world’s leading 100 Fintech companies reaped rewards from the city’s technologically advanced ecosystem.

A trade finance platform based on Blockchain technology was recently developed by the Hong Kong Monetary Authority, signifying the city’s commitment to the future of Fintech.

InvestHK has also stated that developments in these key areas can be expected:

  • Artificial Intelligence (AI) – AI has the potential to revolutionise financial services by increasing efficiency, reducing costs and helping clients make better financial decisions. Local banks and financial institutions are proactive, including the technology as part of their modern financial strategy.
  • Blockchain – Hong Kong boasts a strong telecommunications industry and has attracted major cloud service companies from both the US and Mainland China to facilitate the growth of Blockchain technology.
  • Cyber Security – It provides the foundations for Hong Kong to grow its assets in Fintech while ensuring that the market stays safe.
  • Regtech – Hong Kong has a fundamentally strong practice in regulation technology. The University of Hong Kong is strongly committed to regtech research and are collaborating with partners in Europe and Australia to support the city’s future.
  • Insurtech – Many insurance companies are adopting the latest technology and innovation whilst having some of the brightest insurance technology practitioners from around the world.
  • Wealth Management – Hong Kong offers clear and straightforward regulations, for example, on robo-advisors and the distribution side of wealth management.

Thus, it is clear that ASTRI and other government and non-governmental agencies in Hong Kong are working towards growing and improving the city’s FinTech landscape.

PARTNER

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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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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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.

SUPPORTING ORGANISATION

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.

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