The CEFAR Academy organizes various public events including competitions, seminars and conferences from time to time to promote FinTech applied research with support from industry and academic partners.


UPCOMING FINTECH SEMINAR


Topic: Fintech in Algo Trading and Asset Management
Date: 7 December 2022 (Wednesday)
Time: 4:30 - 5:30p.m.
Venue: Emerald Room, CUHK Business School Town Centre
(Unit B, 1/F, Bank of America Tower, 12 Harcourt Road, Central, Hong Kong)

Language: English

Registration link: https://cloud.itsc.cuhk.edu.hk/mycuform/view.php?id=1799765

In this talk, the speaker will share the future outlook of algo trading in Hong Kong from a perspective of a FinTech company focusing on algo trading for years. In particular, Dr Alfred Ma will share his point of view on how easy/difficult a retail investor can deploy their only algo trading strategies and what the implications would be accordingly. Some differences between algo trading at the retail level and institutional level will also be discussed. Academic research as well as his experience in algo trading started from 2009 will be shared.

Speaker

Dr. Alfred Ma, Managing Director, CASH Algo Finance Group

Moderator

Prof. Chun Kwong Chan, Programme Director, MSc FinTech, Faculty of Engineering
Professor of Practice in FinTech
Secretary, CUHK Engineering FinTech Applied Research (CEFAR) Academy

BIOGRAPHY 

Alfred Ma 

Dr. Alfred Ma, Managing Director, CASH Algo Finance Group

Dr. Alfred MA is a FinTech practitioner and researcher. He holds a PhD in Operations Research from Columbia University, and an MPhil and BSc in Mathematics from the Chinese University of Hong Kong. He is a CFA charter holder, Professional Risk Manager (PRM), Associate of Society of Actuaries (ASA), and Chartered Engineer (CEng). He has more than 5 years of full-time and part-time teaching experience in quantitative finance area in the Chinese University of Hong Kong, Hong Kong University of Science and Technology, City University of Hong Kong and Lingnan University. He has published more than 20 articles in peer-reviewed journals including Journal of Computational Finance, Journal of Financial Data Science, and Journal of Trading.

Alfred is now a managing director in CASH Algo Finance Group (CAFG) which started the first algo trading strategy in 2009 and officially entered the FinTech space at HKSTP in 2016. CAFG obtained the various FinTech awards including Fintech of the year 2018 (start up) by etnet. It managed funds both in Hong Kong and China. CAFG has also been training new algo trading strategists in Hong Kong and organized two times inter-university algo trading competition with participants from top universities in both Hong Kong and China including Peking University, Tsinghua University, and Fudan University.

Moderator
Prof CK Chan - crop3 

Prof. Chun Kwong Chan, Programme Director, MSc FinTech, Faculty of Engineering
Professor of Practice in FinTech
Secretary, CUHK Engineering FinTech Applied Research (CEFAR) Academy


PAST SEMINARS


In 2021-22, 7 Fintech seminars were held with a total of 2,196 participants registered, an average of 314 participants registered in each seminar.

DateTopicSpeaker
12 Oct 2021Early glimpse of CBDC (Central Bank Digital Currency) – Are Asian countries ready for it?

Mr. Brian Lam, Senior Manager, FinTech Facilitation Office, Hong Kong Monetary Authority;

Mr. Nike Kong, Chief Information Officer, Hang Seng Bank;

Mr. Gary Lam, Chief Technology Officer, Livi Bank;

Mr. Peter Lee, Chief Technology Officer, IBM Hong Kong;

Moderator: Prof. Seen Meng Chew, CUHK

18 Jan 2022

Financial Technology and the Evolving Landscape of Banking

Dr. Rajeev CHIB, COO, Citicorp
15 Feb 2022A Glimpse at FinTech 2025

Mr. Nelson CHOW,  Chief Fintech Officer, Fintech Facilitation Office, Hong Kong Monetary Authority;

Fireside Chat with: Prof. CK Chan, CUHK

15 Mar 2022The Impact Of Technology On The Credit Rating IndustryMr. Dan Chan, Director, Product Specialist Group, Fitch Solutions
19 Apr 2022Future Of Money – How Web3, FinTech And Tokens Are Re-Inventing The WorldMr. Peter Dingle, Ecosystem and Partnerships lead, Venture Investment, Asset Management Group Asia, HSBC
17 May 2022How to make reading data less terrible - a beginner's guide to leveraging financial data for decision makingMs. Emily Chan, Solution Specialist, Bloomberg
19 Jul 2022Fintech-banking Collaboration Using Open API - a Glimpse at Mainland and Hong Kong

Mr. Terry Chan, Senior Manager, Hong Kong Monetary Authority (HKMA);

Mr. Alan Cheung, Senior Director, Hong Kong Applied Science and Technology Research Institute (ASTRI);

Mr. Andrew Lim, Head of IT, Hang Seng China


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Topic: Fintech-banking Collaboration Using Open API - a Glimpse at Mainland and Hong Kong

Date: 19 July 2022 (Tuesday)

Time:  5:30 p.m. - 6:30 p.m.

Venue: Live virtual class (Zoom) 

Language: English

(from left to right: Mr. Andrew Lim, Mr. Alan Cheung, Mr. Terry Chan, Prof. Raymond Tsang)

Introduction/Background

In this panel, leaders from the regulator, commercial bank and technology research institute explored the fintech-banking collaboration on the use of open API. HKMA has been a long time advocator of smart banking initiatives, especially in the area of Open Application Programming Interface (API).  Hang Seng Bank (China) has leveraged on Open API to facilitate collaboration with fintech companies in the mainland; while ASTRI has also developed secured portals for third party service providers to access clients’ bank systems with client authorization.

Mr. Terry Chan, Senior Manager of HKMA who is a seasoned professional in promoting the development of Hong Kong’s fintech ecosystem; Mr. Alan Chung, Senior Director of ASTRI who drives fintech and smart city initiatives; and Mr. Andrew Lim, Head of IT of Hang Seng China who oversees all IT functions of the bank, discussed how regulators could provide an environment for fintech to be developed in a way that balances risks and returns; how open API could be applied to facilitate the use of alternative credits for SMEs; as well as how a bank can leverage open API to facilitate cross-border data transmission.

Balancing risk while fostering an open and innovative habitat

Terry highlighted HKMA’s key towards balancing both lies in two elements of the Open API Framework: high-level guiding principles, and non-compulsive. On one hand, the framework provides core principles and assumptions both banks and service vendors should have in mind when developing open API initiatives; but on the other hand, it is not HKMA’s intention to mandate their implementation as it may limit innovation in the industry and might hinder the development of best practices.

Open API, Machine Learning, Credit Score and Privacy

Alan used alternative credit scoring for SMEs combined with machine learning as a use case of open API. Alternative data, both transactional (e.g. cashflow data) and non-transactional (e.g. external reports and behavioral traits), can be extracted and analyzed from various sources to form an alternate credit score to facilitate credit applications. Federated machine learning, a distributed middle ground between machine learning and data privacy, enhances the entire process by meeting the needs on both functional and privacy ends.

Cross-border expertise

Using Hang Seng Bank as an example, Andrew highlighted how 3rd party vendors help navigate cross-border open API concerns. The biggest pain point the industry faces is the need to comply with mainland data regulations, and the expertise of 3rd party vendors proved to be a solution to the challenge. China’s PIPL (personal information protection law) is quite stringent on how cross-border data can be stored, processed and transferred, but ensuring the compliance with such rules is quintessential to capturing business opportunities in mainland China. By collaborating with an experienced 3rd party vendor in China, Hang Seng is able to overcome such challenges as the vendor’s rich experience in similar areas allowed them to develop infrastructures that are fully regulations-compliant, while managing costs and a timely delivery.

Q&A highlights: futureproofing young talents

When asked to give some tips for the younger generation to get into the industry of fintech, Andrew encouraged young people to develop a solid understanding of both Chinese and western technology. Under the influence of geopolitical tides, China is increasingly pushing the replacement of western technology products (e.g. Cisco, Microsoft Office) with home-made alternatives (e.g. Huawei, WPS Office). Such trend is expected to cause the technology scene to diverge into two streams: the east and the west; and hence, the mastery of both is a key to futureproof one’s skillset in the upcoming decades.


Abstract

In this panel, we have invited leaders from the regulator, commercial bank and technology research institute to explore this fintech topic with the participants.  HKMA has been a long time advocator of smart banking initiatives, especially in the area of Open Application Programming Interface (API).  Hang Seng Bank (China) has leveraged on Open API to facilitate collaboration with fintech companies in the mainland.  ASTRI has also developed secured portals for third party service providers to access clients’ bank systems with client authorization.

Through our panel discussion, we would investigate how a technology research institute can provide a secured environment for the related parties to access the Open API, how a commercial bank can benefit from this tool to facilitate bank-fintech collaboration, while understanding and meeting customer needs, and how the regulator can foster an innovative and collaborative habitat and at the same time manage the risk in various aspects.  We will also compare how such development goes in the mainland and Hong Kong markets.

Panelists :
Mr. Terry Chan, Senior Manager, Hong Kong Monetary Authority (HKMA);

Mr. Alan Cheung, Senior Director, Hong Kong Applied Science and Technology Research Institute (ASTRI);

Mr. Andrew Lim, Head of IT, Hang Seng China

Moderator:

Prof. Raymond Tsang, Associate Professor of Practice / Career Advisor, Centre for Financial Engineering, CUHK


BIOGRAPHY 

Panelists (in surname's alphabetical order):

Mr. Terry Chan, Senior Manager, Hong Kong Monetary Authority (HKMA)

Mr. Terry Chan has been appointed to the present position from 2017 with responsibilities for facilitating the healthy development of the Fintech ecosystem in Hong Kong and promoting Hong Kong as a Fintech hub in Asia.  He has worked in different areas of HKMA’s Fintech initiatives, including Open Application Programming Interface (API) for the Banking Sector, Fintech Supervisory Sandbox, Commercial Data Interchange, digital corporate identity and Hong Kong FinTech Week. Mr. Chan holds a Bachelor of Engineering degree and a Bachelor of Business Administration degree from the University of Hong Kong. 

Mr. Alan Cheung, Senior Director, Applied Science and Technology Research Institute (ASTRI)

Mr. Alan Cheung is the Senior Director of the Trust and Artificial Intelligence technologies division in ASTRI. He leads the division in driving ASTRI’s initiatives, particularly in Fintech and Smart City areas with innovative applications such as blockchain systems, cybersecurity, secure fintech services, federated learning, risk assessment and multimedia data analytics. Being a proactive collaborator with strong business acumen, Alan is always keen to connect commercial partners to develop innovative use cases across industry sectors.

Mr. Andrew Lim, Head of IT, Hang Seng China

Andrew is currently IT head of HangSeng Bank (China) and has stationed in CN since 2005. His responsibility is to oversee all IT functions of the Bank covering IT Development/Operations/security/Compliance. Prior to that he worked at IT dept of HangSeng Bank and held positions of different IT services such as Index, FX Trading and e-banking.

Moderator:

Prof. Raymond Tsang, Associate Professor of Practice / Career Advisor, Centre for Financial Engineering, CUHK
Raymond Tsang received his B.Com. degree in Finance and Management Information System at McGill University, Canada.  He received his M.S. degree in Financial Mathematics at the University of Chicago, USA.  He holds the Chartered Financial Analyst (CFA) designation and is a Financial Risk Manager (FRM). Mr. Tsang has been an industry practitioner since 1997.  He started his trading career at the Bank of Canada, the sovereign’s central bank, as a Trader/Analyst in the Foreign Reserves Management team, managing the liquidity tier of Canada’s foreign reserves.  He then worked as a derivatives trader on the interest rate trading desk at the Bank of New York, via a joint venture with Susquehanna International Group.  He mainly traded swaps, bermudan swaptions and other cross-assets structured products.  In 2008, he relocated from New York to Hong Kong as the Managing Director, Head of Derivatives Trading for the APAC region, setting up the derivatives desk in Hong Kong for BNY Mellon.  In 2014, he joined the Bank of Tokyo-Mitsubishi UFJ Ltd as the Chief Dealer of the derivatives trading desk. Starting in 2012, Mr. Tsang has been a part time Lecturer at HKU SPACE, teaching graduate level courses in collaboration with the University of Michigan Dearbon and the University of Hull.  Moreover, he teaches venture capital and risk management courses in various programmes.  He is also an External Examiner for several programs, such as the Postgraduate Diploma in Financial Risk Management, the Certificate in Business and Economics and the Certificate in Investment.

In 2015, Mr. Tsang joined the Centre for Financial Engineering at the Chinese University of Hong Kong as a Senior Lecturer/Career Master.  In addition to his teaching in the Master of Science in Financial Engineering programme, offering a practitioner perspective, he also provides career advice and helps the students in seeking internship opportunities and full time jobs.

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Topic: How to make reading data less terrible - a beginner's guide to leveraging financial data for decision making
Date: 17 May 2022 (Tuesday)

Time:  5:30 p.m. - 6:30 p.m.
Venue: Live virtual class (Zoom) 
Language: English

20220517-EmilyChan


Introduction -   How to make reading data less terrible – a beginner's guide to leveraging financial data for decision making

In today’s increasingly volatile and complex economic environment and erratic market factors, how can we stay on top of the market and make better decisions? Many people turn to data studies for a solution. It may seem like data is available to us at our fingertips, but paradoxically to some people, it is challenging as they face problems such as data lacking in quality and structure as well as data standardization. All these prevent us from making decisions based on data efficiently and effectively. In this seminar, the speaker, Miss Emily Chan, who is a Buy-side Solution Specialist and leads the APAC news advocacy strategy in Bloomberg, made use of three case studies to demonstrate how better data use, research and analytics, can potentially enhance financial market transparency, and subsequently increase the effectiveness and efficiency in our decision making.

Key takeaway from the seminar

Conventional wisdoms

By comparing different ways of presentation on the Hang Seng Index, Emily highlighted how the way we present data affects the validity of the data. The tools and ways of visualizing data will directly affects the insight we draw from data, therefore, a well-developed tool is necessary when conducting data analysis. Emily introduced Bloomberg’s research and analysis tools as an example, in which it helps users to identify the products that are aligned with investment objectives, and hence assist users to conduct detailed analysis and drive effective and efficient decision making.  

Market sentiments 

Macro market sentiments is the general prevailing attitude of investors to the anticipated price movements in the market. However, with high volume and time sensitivity and dependence of news and social media stories, it is difficult to extract actionable information with human eyes. Therefore, use of automatic tools is necessary. Through the sharing of how Bloomberg users monitor social media polls on a Bloomberg terminal from influential market participants, or key topics affecting the investment universe, Emily demonstrated how we can extract useful information and systematically quantify market sentiment within a short time, and hence drive efficient decision making.  

Trend analysis

Besides reading historical data and live data, prediction from data is also one of the key components when making decision. Emily took interest rate as an example, and demonstrated how AI algorithms, such as Bloomberg’s document search functions, monitor and capture speculation well ahead systematically. By projecting the trend of data, and spotting out possible factors which affect the trend, effective decision making can be achieved.

Way to the Future

With today's increasingly complex environment, it is important not just to have access to the documents, but also to have access to the capability to study the documents systematically. In other words, the key to drive effective and efficient decision making is to gain insights and get context from data, analyze them with the needs of AI, and then collaborate. In this seminar, Emily has shared her view on how data is studied and how our technology may assist in this process. Our technology comes in the form of data, analytics, and community, they never stand alone.  All these are integrated into investment workflows to enable real time identification of opportunities. And from all these consistent and quality data, we frame out enterprise solutions. 


Abstract

In today’s increasingly volatile and complex economic environment, how can you stay on top of the market and make better decisions? Many people turn to data studies for a solution. But there are many reasons to make using data terrible - poor data quality, lack of structure and data standardisation, all prevent us from making decisions based on data efficiently and effectively.

Join us for a discussion on how better data, news, research and analytics potentially enhance financial market transparency and decision making.

Speaker :
Ms. Emily Chan, Solution Specialist, Bloomberg


BIOGRAPHY

Ms. Emily Chan

Solution Specialist, Bloomberg

Emily is a Buyside Solution Specialist and leads the APAC news advocacy strategy in Bloomberg. Emily is a staunch proponent of integrating the academia with industry practice - she is a university part-time lecturer and pioneered the development of finance laboratories in Hong Kong universities.She is an Executive Committee member of a number of professional and industrial organisations. Emily is an Executive Committee Member of the HKUBBA Association, a Member of the Chartered Market Technician Association, an External Professional Advisor for UOW College and a former Committee Member of the FinTech Association of Hong Kong. She routinely speaks in university guest lectures and industry conferences on technology, data and technical analysis. She served in the HKSAR Government as an Assistant Secretary, who is responsible for policy formulation, resource allocation and the promotion of the interests of the HKSAR.

Emily is an avid volunteer and scales the cultivation of financial and technological inclusion and literacy through her networks. She led Government-subvented volunteer organisations and her work on youth development has been featured by the Government for public recognition.


Topic: Future Of Money – How Web3, FinTech And Tokens Are Re-Inventing The World
Date: 19 April 2022 (Tuesday)

Time:  5:30 p.m. - 6:30 p.m.
Venue: Live virtual class (Zoom) 
Language: English


Introduction -  How Web3, FinTech And Tokens Are Re-Inventing The World

The future of money is rapidly evolving as society shifts from a physical economy to an increasingly digital one.
From the metaverse’s increasing popularity to the democratization of money, innovation is clearly disrupting the traditional notion of money. This disruption is changing the way we commonly ‘make’, ‘spend’ and ‘manage’ money.
In this seminar, the speaker, Peter shared the ways of how large organisations applied for the technology evolution, followed by a fireside chat with Prof. Chun Kwong Chan, to discuss some of the interesting questions raised out from the participants. 

Key takeaway from the seminar

Peter started with a history about how currencies and technologies came along over the years, of which the changes had accelerated significantly especially in the past two years, from new tokens to new currencies and ventures into the growth of FinTech for HSBC, supported with the examples of HSBC sponsoring multiple digital brands experience. With HSBC adopting new technologies and driving innovation, this enabled us to sample and learn our ways of living and banking with new technologies, continuing to maintain the trust as a customers, as a business or as a government service provider.

How we are Digital Today

Digitalization has been progressively penetrating and changing the banking landscape. From facilitating the establishment of a new bank account, HSBC has launched a mobile banking experience which enabled customers to open a new account in less than five minutes, to the launch of PayMe digital wallet technology that allow people to have the easy invest technology through HSBC Reward+.  With effective multi-currencies (e.g. 28 different currencies) in PayMe wallet, this enabled customers to move money and transact without boundary and limitation of platforms and formats of payments. This enables HSBC businesses to grow with an advantage of competitiveness world globally today.

Significant Business: Mobile Banking

Currently HSBC deals with over 1.2 billion logins on the personal banking mobile app, of which 53% of them engaged with HSBC via the mobile app on a monthly basis, and over 95% of the retail banking transactions are done electronically. Especially, in recent two years, it has been accelerated by the need of people working from home while working remotely from home.

Moreover, Peter shared finance innovation in 22 areas, of which he called it “22 for 22” (some of the inspiring items are listed below)

  • Currency— All currency is money, but not all money is currency.
  • Growth— “Learn how to grow. In every way you can. Anything that doesn’t grow, dies.”
  • Storability—There is a saying that if you don’t own your keys, you don’t own anything. There is also a demand from real customers who want a safe place to put their money and protection from things that can go wrong. Fraud has exploded in the last few years thanks to digitization.
  • Blockchain—A database that is managed autonomously using a peer to per network, and a timestamping server to run a Ledger, and recording transactions.
  • Tokens— “Every crypto is a token, but not every token is a crypto”. Tokens have been serving as a visible or tangible representation of a fact, quality, feeling for many years.

Q & A highlights:

This is about Proof of Stake in the Ethereum Network. Won’t this validation process centralize even further ETH?

Peter answered that they're trying to drive with proof of stake on a theorem is not centralization versus decentralization though it is the other big complaint. Nobody likes to do transactions where the cost of the transaction outweighs the cost of the asset. These protocols start to evolve and develop, as they deal with the different limitations that they have based on their decentralized or centralized nature, they're always trying to evolve and create platforms for amazing new use cases. He added that it's going beyond just the speculative asset of putting all people’s money into coin that can be used for trading.

What do you think if some people say that cryptocurrency promote illegal activities for example, selling drugs and, money laundering?

Peter believed that the fact that technologies could have both benevolent and malevolent use. It's safer to do a transaction in fiat currency than it is to do with a current transaction with Bitcoin as people can decode and identify using forensic means, such as the IP addresses and the wallets of a blockchain network is much easier to trace than the use of fiat currency.


Abstract

The future of money is rapidly evolving as society shifts from a physical economy to an increasingly digital one.  From the metaverse’s increasing popularity to the democratization of money, innovation is clearly disrupting the traditional notion of money.

Specifically, this disruption is changing the way we commonly ‘make’, ‘spend’ and ‘manage’ money.  In this seminar Peter will speak about the ways large organisation are thinking about this technology evolution.

Speaker :
Mr. Peter Dingle, Ecosystem and Partnerships lead, Venture Investment, Asset Management Group Asia, HSBC

BIOGRAPHY

Mr. Peter Dingle

Ecosystem and Partnerships lead, Venture Investment, Asset Management Group Asia, HSBC

Peter is Currently part of the Asset Management, Venture team. Previously, Director of Innovation, for the Asia region, within the Wealth & Personal Banking business at HSBC including Hong Kong Fintech Week program, RISE, = Women in Tech Program.

Prior to that spent 15 years at Intel Semiconductor. Held positions in Product management, Branding & campaign development, Retail engagement and sales, Social media community creation, developed, launched and managed multiple USD100M+ products across Asia for Intel Semiconductor, including Centrino, Core2Duo, Core2 Quad, Xeon Processors.

Topic: The Impact Of Technology On The Credit Rating Industry

Date: 15 March 2022 (Tuesday)

Time:  5:30 p.m. - 6:30 p.m.

Venue: Live virtual class (Zoom) 

Language: English

Abstract

Credit rating has been used as a credit risk benchmark in the financial industry for over 100 years. In this webinar, Mr. Dan Chan will share about how FinTech enables you to use data to measure your counterparty risk more effectively under the recent industry trend.

Speaker :
Mr. Dan Chan, Director, Product Specialist Group, Fitch Solutions

BIOGRAPHY

Mr. Dan Chan
Director, Product Specialist Group, Fitch Solutions

Dan is a director of the product specialist group at Fitch Solutions, a member of Fitch Group. Fitch, S&P and Moody’s are the big 3 credit rating agencies. Dan has over 20 years’ credit-related experience including 17 years at Fitch and S&P in a variety of roles, such as product & market management, credit risk modeler, regulatory compliance consultant, and solutions architect. Before his career in credit rating agencies, Dan worked as a risk consultant and corporate credit analyst at E&Y and DBS Bank.

He holds 2 masters degrees, one in Finance and another in Information & Technology Management. He is currently pursuing his doctoral degree with a research topic about bank credit ratings.


Topic: A Glimpse at FinTech 2025

Date: 15 February 2022 (Tuesday)

Time:  5:30 p.m. - 6:30 p.m.

Venue: Live virtual class (Zoom) 

Language: English

Abstract

In the post-pandemic era, Fintech is a key growth engine for the financial industry. In June 2021, the Hong Kong Monetary Authority (HKMA) announced “Fintech 2025”, its new strategy for driving fintech development of Hong Kong. The strategy aims to encourage the financial sector to adopt technology comprehensively by 2025, as well as to promote the provision of fair and efficient financial services for the benefit of Hong Kong citizens and the economy. In this webinar, Mr. Nelson Chow will start by sharing some key focus areas put forward in this strategy. Then, Prof. Chun Kwong Chan will have a fire-side chat with him to further explore the commonly interested areas, such as Commercial Data Interchange (CDI), Central Bank Digital Currency (CBDC) and FinTech Supervisory Sandbox 3.0. 

Speaker :
Mr. Nelson CHOW,  Chief Fintech Officer, Fintech Facilitation Office, Hong Kong Monetary Authority

BIOGRAPHY

Mr. Nelson CHOW
Chief Fintech Officer, Fintech Facilitation Office, Hong Kong Monetary Authority

Mr Nelson CHOW has been appointed to the present position from 1 September 2016 with responsibilities for facilitating the healthy development of the fintech ecosystem in Hong Kong and promoting Hong Kong as a fintech hub in Asia. He joined the HKMA in 2004 and was responsible for the supervision of banks’ technology risk management and business continuity planning as well as the formulation of related policies and guidelines. He was the Deputy Chief Representative of the New York Office in 2010. After returning to Hong Kong in 2013, he took up responsibilities to supervise banks’ operational risk management and perform macro-prudential data analysis.



Topic: Financial Technology and the Evolving Landscape of Banking
Date: 18 January 2022 (Tuesday)
Time: 5:30 p.m. - 6:30 p.m. 
Venue: Live virtual class (Zoom) 
Language: English

Abstract
The landscape of Banking is evolving rapidly under digital disruption. With advanced financial technology, high-speed data feed can execute trades and update data multiple times faster than the traditional data feed does. Data feed management and optimization are now essential aspects of e-trading. New methodologies with computer-based and hardware-based solutions are available in high-frequency trading. Furthermore, the importance and focus on "Client Centricity", the use of FinTech solutions using AI, Natural Language Processing, Machine Learning along with data analytics is actively used to improve customer experience. Onboarding and documentation platforms are leveraging rule-based engines to improve customer relationship management. In this seminar, Dr. Chib and Dr. Shen from Citi will share with us their insights and experiences in high-frequency trading and customer experience solutions, the common problems, and new methodologies to deal with them.

Speaker :
       Dr. Rajeev CHIB, Asia Pacific – COO Financial Institutions Sales & Solutions, Citigroup Global Markets Asia Limited
.

BIOGRAPHY
Dr. Rajeev Chib
Asia Pacific – COO Financial Institutions Sales & Solutions, Citigroup Global Markets Asia Limited

Dr. Chib is a seasoned Capital Markets professional with 27 years international experience with leading banks based in Hong Kong, New York and Toronto. He is the Asia Pacific COO - Financial Institutions Sales & Solutions at Citi based in Hong Kong.

Dr. Chib is also passionate about Responsible Finance, ESG, Diversity & Talent. He is engaged with several committees and industry associations including the Co-Chair of the COO Markets committee at ASIFMA; FinTech Association of Hong Kong, Canadian Chamber of Commerce and various ESG and Citi Talent related task forces. He is also involved with several mentorship programs.

Dr. Chib received his Doctorate degree in Business Administration in October 2020 from City University of Hong Kong in Organizational Behaviour and leadership with a focus on the younger generation within Financial Services. He has a MBA (Executive MBA) and a BSc. in Quantitative Economics (with honors) from University of Toronto.


Topic: Early glimpse of CBDC (Central Bank Digital Currency) – Are Asian countries ready for it?
Date: 12 October 2021 (Tuesday)
Time: 4:30 p.m.  – 6:00 p.m. 
Venue: Live virtual class (Zoom)  or Face-to-face at CUHK Town Centre in Central

Language: English

The Panel Discussion

Abstract

Central banks in many Asian countries are working on the possibility of introducing Central Bank Digital Currency (CBDC). The public’s preferences concerning the usage of CBDC for paying and saving are important determinants of the success of CBDC. The potential adoption of a Central Bank Digital Currency (CBDC) is a topic of increasing interest. What are some hurdles and challenges of implementing a CBDC?  What are the implications of CBDCs to traditional banks and virtual banks? How do CBDCs work with global payments network?

In this seminar, we have invited leaders from the regulator, traditional bank, virtual bank and technology developer to explore these topics with the participants.

Panelists (in surname’s alphabetical order)

Mr. Nike Kong, Chief Information Officer, Hang Seng Bank

Mr. Brian Lam, Senior Manager, FinTech Facilitation Office, Hong Kong Monetary Authority

Mr. Gary Lam, Chief Technology Officer, Livi Bank

Mr. Peter Lee, Chief Technology Officer, IBM Hong Kong

Moderator:

Prof. Seen Meng Chew, Associate Dean for External Engagement, CUHK Business School


BIOGRAPHY 

Mr. Nike Kong, Chief Information Officer, Hang Seng Bank

Mr. Nike Kong is responsible for technology services within the bank and its subsidiaries including Hang Seng Indexes.  Nike has over 30 years of technology management experience in the financial services industry, taking on various senior roles in the HSBC Group including the recent two years leading the IT function of Hang Seng Bank.  Nike has extensive knowledge in enterprise system development and technology change management across different segments including retail, commercial and investment banking.  Nike holds a Bachelor of Mathematics Degree from the University of Waterloo.

Mr. Brian Lam, Senior Manager, FinTech Facilitation Office, Hong Kong Monetary Authority

Brian Lam is a Senior Manager at the Fintech Facilitation Office of the Hong Kong Monetary Authority responsible for facilitating the healthy development of the fintech ecosystem in Hong Kong and promoting Hong Kong as a fintech hub in Asia. Prior to this assignment, he has helped setting up the operation of the Trade Repository of the HKMA for the over-the-counter derivatives trades reporting regime. Before joining the HKMA, he worked for a number of global investment banks and “Big-4” accounting firms, both in Hong Kong and London. Brian holds a Master of Engineering degree from the University of Oxford, England.

Mr. Gary Lam, Chief Technology Officer, Livi Bank


Working as technologist for over 20 years from retail insurance to commercial banking and wealth management industries. He has gained a lot of exposure in various technology architecture and platforms. In recent years, he focused on the Asia-Pacific region and leveraged customer-centric design principles. He has developed a few key digital products including WeChat mini-banking, trade finance blockchain platform and other digital banking products for retails and ultra-high net-worth individuals. 

In livi bank, he is now fully dedicated to promoting financial inclusion and delivering secure, safe and customer-centric banking experience to HK customers.


Mr. Peter Lee, Chief Technology Officer, IBM Hong Kong

Peter Lee the Chief Technology Officer, IBM Hong Kong & Distinguished Engineer, Technology Unit, IBM Greater China Group. Mr. Lee has over 25 years of IT experience and leads pre-sales technical support and architect infrastructure solution based on IBM Server Solutions, System Storage and System Software. 

Mr. Lee is a veteran in IBM Systems who led technical communities and made outstanding contributions to business and industry via number of large scale project implemented, e.g. Banking Card Infrastructure at China Union Pay; Banking solutions deployment at countrywide Banks & RCCB in PRC; AI solution deployment in GCG region; ERP Infrastructure deployment at Fortune500 companies; TOP500 High Performance Computing projects at China Meteorological Administration & Taiwan Central Weather Bureau etc.

Mr. Lee has recently played Technical Advisor role to IBM China Standards Council, helping IBM China to monitor, feedback and comply with many evolving China Regulations. It does not only help IBM to safeguard our business in China, but also facilitate our customers to better understand China Regulations and to land their business in China with IBM as their Trusted Technology Partner.

With that, Peter Lee has been appointed to be the first Distinguished Engineer of IBM Systems in IBM Greater China Group since 2014.

Moderator
Prof. Seen Meng Chew
, Associate Dean for External Engagement, CUHK Business School


Topic: Transparency in Artificial Intelligence

Date: 8 Jun 2021 (Tuesday)

Time: 5:30 p.m.  – 6:30 p.m.

Venue: Live virtual class (Zoom)

Language: English

Seminar Synopsis: https://bit.ly/2TNxbN5

Video extract: https://youtu.be/rUjx1w1V2pc

Abstract

As AI models and services are used in a growing number of high-stakes areas, a consensus is forming around the need for a clearer record of how they are created to increase trust.  Several proposals for higher quality and more consistent AI documentation have emerged, addressing technical details along with ethical concerns and potential social impacts.  This talk will provide an overview of FactSheets, IBM's approach to AI documentation.  FactSheets will typically contain model purpose, performance, safety, security, and fairness information collected at various points in the AI lifecycle. We will review some of these common elements and discuss a methodology for creating useful FactSheets.


Speaker:

  • John Richards, Distinguished Research Staff Member, Research, IBM US

BIOGRAPHY

John Richards, Distinguished Research Staff Member, Research, IBM US


John Richards is a Distinguished Research Staff Member in the IBM Research AI department.  He is a Fellow of both ACM and the British Computer Society and has received numerous awards including the Lifetime Practice Award from ACM SIGCHI.  His recent research in human-centered AI has focused on the quality of chatbots and techniques for documenting AI models and services.


Topic: Role of API and Data in FinTech Ecosystem
Date: 30 Mar 2021 (Tuesday)
Time: 5:30 p.m.  – 6:30 p.m.
Venue: Live virtual class (Zoom)

    Language: Cantonese with English materials

    Seminar Synopsis: https://bit.ly/3AEmjBL
    Video extract: https://www.youtube.com/watch?v=t9Pa0wvJ6WI 

    Abstract

    After the Hong Kong Monetary Authority (HKMA) announced the launch of Open API on its official website in 2018, data and information can be retrieved in a more convenient and efficient way for research purpose or for developing new applications. The Open API framework enables collaboration between banks and its service providers, and ultimately bring higher operation efficiency and better customer experience to banking, financial services, and Insurance (BFSI) Industries. In this seminar, Mr. Stephen Leung, Head of IT Wealth and Personal Banking, Hang Seng Bank (HASE) and Mr. Michael Au, Assistant Director, Corporate Engagement, Strategic Partnerships, The Hong Kong Science and Technology Parks Corporation (HKSTP) will share with us their roles of API and data in FinTech Development and HASE’s data collaboration with HKSTP. The fireside chat will also include, how the industry leverage Open Innovation, how to prepare the mindset and skillset for open innovation and HASE as showcase of Open Innovation, and share its vision.


    Speakers:

    • Mr. Stephen Leung, Head of IT Wealth and Personal Banking, Hang Seng Bank    
    • Mr. Michael Au, Assistant Director, Corporate Engagement, Strategic Partnerships, The Hong Kong Science and Technology Parks Corporation

    BIOGRAPHY

    Mr. Stephen Leung, Head of IT Wealth and Personal Banking, Hang Seng Bank

    Stephen is the Wealth and Personal Banking Head of IT of Hang Seng Bank, one of the leading bank in Hong Kong. Stephen oversees the IT services under Wealth and Personal Banking business, while spearheading the fintech innovation to improve the delivery and use of financial services, also to cultivate the bank innovation culture.

    Stephen’s path has taken him from a career as an application engineer to life as a IT head and an innovator. His previous works have brought him to gain experience from various organizations, ranging from local bank, Government, European bank, US bank and Chinese bank. Over his 20+ years’ experience in Banking sector since, Stephen has played different roles including Application delivery, IT service management, IT management and Innovation. He believes that entrepreneurial culture can transform big organization and drive business growth via continuous innovation.


    Mr. Michael Au, Assistant Director, Corporate Engagement, Strategic Partnerships, The Hong Kong Science and Technology Parks Corporation

    Michael is the Assistant Director, Corporate Engagement, Strategic Partnerships, The Hong Kong Science and Technology Parks Corporation (HKSTP). He oversees corporate partnership by leading Global Acceleration Academy (GAA). GAA provides the framework and resources to serve global leading corporations on their innovation journey. GAA hosts both on-demand solution matching and joint accelerator initiatives around various industry verticals and technology to accomplish Corporate Innovation impact so to sharpen their competitive edges.

    Michael is a full-stack startup practitioner with 10+ years hands-on experience, focusing on business development, product design and project management. He believes co-creation and commercialisation of technologies through an empowered global partnership network is the key to accelerate innovation.