The concept of Fintech – the integration of finance and technology in modern-day style – has evolved to become a vibrant industry. While Fintech may carry different meanings, it is now commonly considered to cover areas such as payments, big data analytics, applications and platforms for operation and reporting, and cybersecurity.
Revolutionised by disruptive technologies like blockchain, the use of smartphones and the internet, traditional financial marketplaces have undergone dramatic changes like never before. While Fintech poses great challenges to financial institutions and intermediaries, at the same time, it also offers great opportunities to those who manage to adopt and transform.
Fintech Career Accelerator Scheme ("FCAS") is a talent development scheme initiated by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Applied Science and Technology Research Institute (ASTRI) in 2016 to nurture talents to meet the growing needs of Fintech in Hong Kong. The new intake in 2019/20 is oragnised by the HKMA, ASTRI and Cyberport. Students from participating universities are invited to join this scheme via a full-time, semester-based internship which interns will work on Fintech projects at banks or SVF operators and receive training and regulatory updates by ASTRI and the HKMA respectively.
To expand the talent pool for the development of the Fintech sector in Hong Kong by giving students an early exposure to the sector:
The HKMA will provide regulatory briefings to students, including regulatory regimes under the purview of the HKMA including those related to cybersecurity and the supervisory sandbox, as well as any other relevant developments in Fintech regulations locally and internationally.
ASTRI will provide core Fintech technologies training to students, including cybersecurity, blockchain, big data analytics and artificial intelligence.
Cyberport will provide entrepreneurship workshops to students. Suitable candidates could be nominated to apply for Cyberport University Partnership Programme
While technology has gone disruptive as one would not have imagined before, Fintech has been changing the traditional financial industry like never before. Being the major Fintech users in the ecosystem, banks will provide students with on-the-job training and exposure in Fintech that they could never obtain from university courses.
Applicants can download the “Fintech Career Accelerator Scheme Application Form” from the link below.
The application deadline is 10 March 2019. Interested candidate should send his/her CV with the completed excel application form to firstname.lastname@example.org by 10 March 2019. Please name your files in the format: Surname First_name.docx/.pdf/.xlsx
Only short-listed candidates will be notified by respective organisation(s) by 30 Apr 2019 for interview arrangements. If applicants have not been invited for interviews by respective organisation(s) by 30 Apr 2019, they may assume their applications to be unsuccessful.
Hong Kong Monetary Authority and participating banks and SVF operators will provide full-time semester-based internship opportunities (6 months or 1 year) for students to work on Fintech projects with stipend allowance sponsored by the hiring bank/SVF operator.