Internally, Wan noted the mindset of the Bank’s IT development staff has been changed to be more collaborative with different colleagues such as those from business development and regulatory affairs. As such, this will make the Bank more agile and efficient in developing new products and services.
Blockchain in trade finance is one of Standard Chartered’s new focus areas in fintech. Wan said that it may bring new opportunities for its corporate banking business. The Bank has participated in the HKMA’s blockchain research project, and carried out proof-of-concept works on trade finance, mortgage loan application and digital identity management.
Fintech undergraduate study
Apart from financial institutions, the Chinese University of Hong Kong (CUHK) is also active in cultivating financial talents.
The Faculty of Engineering will launch a new four-year FinTech undergraduate program in the 2017/18 academic year. The first intake will be up to 30 students.
As the first of its kind in Hong Kong, the program aims to nurture leadership and entrepreneurship for the next generation of financial talents. Students will be educated with the essential knowledge and capabilities to apply technological innovations to financial services.