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HKU and e-commerce giant to partner on FinTech research

According to a recent report, one of the world’s largest e-commerce firms and the University of Hong Kong will be coming together to further financial technology (FinTech) research.

The two entities penned an agreement for this joint effort recently. The movement surrounding Blockchain has pierced the academic sector worldwide, ranging from Geneva to New York. The latest addition to the list of institutions involved in contributing to the Blockchain industry now includes the University of Hong Kong.

The two will be partnering up to tackle the challenges faced by and research relevant to the financial industry. The memorandum sees the IT firm gain access to the “Financial Technology and Blockchain Lab” at the Department of Computer Science in the university.

Concurrently, the university has committed to offering a Bachelor’s degree program in Financial Technology from September 2019. As a result of this commitment, the benefits of the agreement will extend beyond the university itself and to its students.

The e-commerce giant’s Financial Academy has agreed to offer internships and workshops to the students along with guest lectures from Tencent personnel. The Financial Academy, the branch of the e-commerce firm that will be engaging the university was itself started with the purposes of sourcing talent for the e-commerce firm.

It is common practice as part of such collaborations for firms to facilitate students of the academic organization with grants, scholarships, and work experience. This serves the professional development of the students and ensures a healthy relationship between the firm and young talent.

This is incredibly important for the Blockchain industry, which is expected to be one of the most sought-after career paths in the current year.

The technology being in its infancy means that there is a shortage of capable youngsters in the market as not many academic institutes are committed to teaching extensive degree programs regarding it. The benefit of the university comes primarily in terms of grants and funding as research opportunities grow. Employment numbers for freshly graduated students also increase.

This win-win situation will undoubtedly see many more similar partnerships emerge between academia and industry to further Blockchain.

Smart City goals

Under the Smart City Blueprint for Hong Kong, the Government aims to build the city into a world class smart city, through adopting the measures set out in this Smart City Blueprint for Hong Kong.

The policy objectives to pursue smart city development are to:

(a) make use of innovation and technology (I&T) to address urban challenges, enhance the effectiveness of city management and improve people’s quality of living as well as Hong Kong’s sustainability, efficiency and safety;

(b) enhance Hong Kong’s attractiveness to global businesses and talents; and

(c) inspire continuous city innovation and sustainable economic development.

In particular, the Government is working to have more students selecting STEM as their education and professional careers, have a local supply of data scientists and other technology practitioners in need and have more successful entrepreneurs in their new ventures.

In addition, the Government is will continue to explore and formulate initiatives to nurture a highly adaptive population to embrace changes in technology, and build a knowledge-based society to support future development of I&T.

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.

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.

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