Press releases
CUHK Engineering FinTech Applied Research Academy and Deloitte China sign MOU to Strengthen Next Generation of Financial Technologists
Published: 4 August, 2022
To step up efforts to cultivate financial technology (FinTech) talent and strengthen the University’s links with corporations, The Chinese University of Hong Kong’s (CUHK) Engineering FinTech Applied Research Academy (CEFAR) and Deloitte China (Deloitte) have signed a Memorandum of Understanding (MOU) today (4 August), offering training opportunities to skilled FinTech students.
The MOU marks a collaboration between the academic and business sectors to foster the development of thought leadership and nurture future generations of business people. Under the MOU, Deloitte offers internship and talent programmes that give CUHK FinTech students the chance to gain first-hand experience of business and industry knowledge. In addition, students will get to learn the latest industry trends from Deloitte mentors passing on their knowledge.
At the MOU signing ceremony, CUHK Faculty of Engineering’s Acting Dean Professor Tsang Hon-ki remarked, “It is our honour to work with Deloitte to cultivate future FinTech leaders in the financial sector. Since its inception in 2020, CEFAR has successfully undertaken many applied research projects and provided internship opportunities for our students. Through their participation in the projects and internships, students are able to solve real-life problems by applying the knowledge and skills they have learnt in class. CEFAR collaborates closely with the banking industry and financial regulatory bodies. The collaboration with Deloitte marks a further milestone for CEFAR, allowing us to strengthen another connection with an international conglomerate in our professional service network, and elevating our efforts to develop a larger pool of FinTech talents to meet the needs of Hong Kong and the Greater Bay Area.”
Deloitte China’s Southern Region Managing Partner Mr Edward Au commented, “Talent is one of the Hong Kong’s most important assets in securing and strengthening our lead in financial services in Asia and the world. We are delighted to step up our collaboration with CUHK. Its Faculty of Engineering launched the first FinTech undergraduate programme in Hong Kong and it is recognised as a leader in FinTech education and research. As part of Deloitte’s Inspire HK strategy, this partnership demonstrates our deep commitment to cultivating Hong Kong’s future FinTech talents. We look forward to supporting more academic-business exchanges and collaborations.”
Deloitte China’s Government Affairs Southern Region Leader and Hong Kong Digital Assets Leader Mr Robert Lui added, “In view of the rising demand for FinTech professionals in our day-to-day business, it is necessary to equip our young talent with a wide range of skills and knowledge, from technology to business, and from strategy to regulations. Closer, cross-disciplinary collaborations within the FinTech ecosystem play a significant role in enhancing our talent pool to support the fast-growing industry.”
Deloitte China’s Southern Region Managing Partner Mr Edward Au (left) and CUHK Faculty of Engineering’s Acting Dean Professor Tsang Hon-ki (right) sign a collaboration agreement.
Deloitte China’s Southern Region Managing Partner Mr Edward Au (left) and CUHK Faculty of Engineering’s Acting Dean Professor Tsang Hon-ki (right) sign a collaboration agreement.
(From left) Deloitte China’s Government Affairs Southern Region Leader and Hong Kong Digital Assets Leader Mr Robert Lui; Deloitte China’s Southern Region Managing Partner Mr Edward Au; CUHK Faculty of Engineering’s Acting Dean Professor Tsang Hon-ki and CUHK’s CEFAR Academy Prof. Chan Chun-kwong.
About CUHK’s Faculty of Engineering and CEFAR Academy
A pioneer in financial technology education in Hong Kong, the faculty launched the first FinTech undergraduate programme in the 2017/18 academic year, and a Master of Science in FinTech programme in the 2019/20 academic year. The 2022/23 academic year marks another milestone, with the launch of the new Postgraduate Diploma (PgD). It will allow high-calibre candidates to learn core FinTech skills and emerging developments, giving them the chance to explore potential careers in the FinTech sector. The programmes aim to cultivate a new generation of financial technologists and equip them with essential industry experience and professional skills. All programmes receive full support and high commendation from the banking industry and financial regulatory bodies.
CEFAR was established in 2020 by the faculty with the aim of creating a new pipeline of talent for Hong Kong’s rapidly emerging FinTech industry. It partners with government, industry, NGOs, professional bodies and other universities and research institutes to provide research experience and internship opportunities for students.
About INspire HK
INspire HK is the guiding light of a new era for Deloitte China's HKSAR practice as we continue to illuminate Hong Kong’s advantages in international finance, transport and trade, green and sustainable finance. Inspire HK will also continue to reinforce Hong Kong’s position in the Greater Bay Area through collaboration with government and support for the Shenzhen/Hong Kong Innovation and Technology Co-operation Zone. INspire HK pledges HKD1 billion over the next three years to double down on the growth of our Hong Kong practice by advancing our firm's multidisciplinary services model (MDM), enhancing talent development, and strengthening our position as an integrated, full-service professional services firm. Harnessing our innovative MDM, we will deliver greater value and impact for our clients through five integrated value propositions (IVPs): M&A, Sustainability, Digital Transformation, ONEInsurance, and Smart City.
