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ASTRI Signs MoU to Develop Technology Ecosystem

Image Credits: ASTRI, Press Release

ASTRI and a global management consulting company announced a new cooperation in the form of The Memorandum of Understanding (MoU). The MoU formalises the mutual interaction and strengthens the existing relationship between ASTRI and the company to foster long-term joint efforts in developing the technology ecosystem via technology research, technology commercialisation, talent development and marketing initiatives.

Technology Research and Commercialisation

The two parties collaborate on research projects and maximise the usage of ASTRI’s existing intellectual property (IP) where deemed appropriate. In addition, leveraging the company’s extensive experience and expertise in the local and global business environment, leading industry trends, as well as digital strategy and operation, the management consulting firm will participate as a system integrator for ASTRI’s research and development projects with ASTRI’s expert background technology support in the cases it is deemed compatible and appropriate.

Talent Development and Marketing Initiatives

From talent development to marketplace program, the two both aim to cultivate FinTech talents in Hong Kong and promote cross-disciplinary collaborations and exchanges to build a strong Fintech ecosystem.

With the rising demand for FinTech professionals in day-to-day business, many organizations today need to be future-ready and equip more young talents with a wide range of skills and knowledge, from technology to business, and from strategy to regulations.

ASTRI will support the firm by providing technical training to the firm’s young talents; while the company will support ASTRI with FinTech professional trainers for the FinTech talent nurturing programme initiated by the City University of Hong Kong on their FinTech Olympiad 2023 where ASTRI is appointed as the strategic partner of the event.

The upcoming the Insurer of the Future Summit 2022 also marks the beginning of the partnership between the two in a series of FinTech marketing activities. Starting in November 2022, Deloitte will act as a significant partner organization for ASTRI in a series of FinTech-related marketing and promotion activities for 2 years.

The Chief Executive Officer of ASTRI is excited about the collaboration noting that it is a long-term commitment. By deepening the collaboration with the firm, ASTRI is taking another major step in developing the technology ecosystem. The shared common goal is to further strengthen competitiveness through leveraging each other’s competencies and experience.

The firm’s China Southern Region Managing Partner commented that closer, cross-disciplinary collaborations within the FinTech ecosystem play a significant role to support the fast-growing industry, which is key to reimagining financial services and maintaining Hong Kong’s status as an international financial centre.

He noted that as part of the firm’s INspire HK strategy, this partnership demonstrates its commitment to supporting Hong Kong’s financial industry and FinTech innovation.

The Senior Director, Trust and AI Technologies of ASTRI and the firm’s China Government Affairs Southern Region Leader added that the two share the same aspiration to empower the next FinTech generation and make strategic impacts on Hong Kong and the world.

With this long-term strategic collaboration, they look forward to further facilitating knowledge transfer and accelerating technological innovation within the thriving innovation and technology ecosystem of Hong Kong.

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