February 27, 2024

We are creating some awesome events for you. Kindly bear with us.

HKUST partners Insuretech firm to drive Fintech

Image Credits: HKUST, Press Release

The School of Business and Management of The Hong Kong University of Science and Technology (HKUST Business School) has announced that it has signed a Memorandum of Cooperation (MoC) with a leading insuretech firm to open up a new stream of opportunities for faculty and students in the fields of Fintech and Insurtech.

The HKUST Business School aspires to become a major intellectual powerhouse of Fintech in Asia and is undertaking a major Fintech research project funded by the Research Grants Council under its Theme-based Research Scheme.

The project examines the impacts of Fintech on Hong Kong and looks into ways to contribute to the development of the city into a global Fintech hub.

The partnering firm is China’s largest online-only insurance firm and has been playing an active role in financial innovation in the new digital economy. The MoC with the firm provides a great opportunity for HKUST Fintech Research Team to understand, first hand from a key industry stakeholder, the interplay between technology and financial services.

It also outlines a framework for the two parties to strengthen collaboration on three major areas: Technology Research and Development, Training, and Entrepreneurial Incubation Program.

The Vice-President for Institutional Advancement of HKUST welcomed the collaboration and said at the signing ceremony that HKUST and the insuretech firm both see significant opportunities from the rapidly transforming financial industry in Hong Kong and beyond.

The university’s collaboration with the firm International will accelerate complementary initiatives in Fintech research, experiential learning, and student innovation and leadership development.

The President of the insuretech company noted that the firm believes that the new generation in Hong Kong has huge potential to bring changes to the Hong Kong market. The collaboration between HKUST and the company will help to encourage and help students to get well-prepared before graduation, especially if they have a passion for Fintech and other new industries.

The co-operation under the MoC will come in different forms, such as entrepreneurship competitions and incubation activities, joint research and forums, internship for students and employment opportunities for graduates, among others.

The online-only insuretech company and the university to explore international business development, collaboration and investment opportunities in the areas of fintech and insurtech in the overseas market.

In August 2018, the insuretech firm’s joint funding venture announced cooperation to boost ZhongAn’s technology solutions businesses outside China, with an initial focus on Asia.

In March 2019, the firm was granted the first batch virtual banking license by the Hong Kong Monetary Authority (HKMA) through its wholly-owned subsidiary. The license allows the company to offer a wide range of innovative online financial services to Hong Kong users.

The MoC is in line with the HKUST Business School’s vision of advancing global business knowledge. The School has forged an international reputation for world-class education programs and research performance and has received many top global rankings.

In addition to being one of the leading Asian business schools, the institution strives to contribute to the economic and social advancement of the region by developing future leaders who possess an innovative and entrepreneurial spirit as well as a strong sense of responsibility.

It is expected that this most recent MoC will help manifest these goals more rapidly.

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.

PARTNER

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.

PARTNER

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.

PARTNER

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. 

PARTNER

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.

Send this to a friend