CUHK FACULTY OF ENGINEERING AND DBS HONG KONG SIGN MOU FOR INAUGURAL MASTER OF SCIENCE IN FINANCIAL TECHNOLOGY
HONG KONG,01 November 2019 -
With Hong Kong ramping up efforts to cultivate and nurture local FinTech talent, DBS Hong Kong and the Chinese University of Hong Kong’s (CUHK) Faculty of Engineering recently signed a memorandum of understanding (MOU) for the inaugural Master of Science in Financial Technology programme (MSc FinTech).
The MOU is a collaborative first designed to further foster digital innovation and academic strength, and was signed by Professor Martin Wong, CUHK’s Dean of Engineering, and Brit Blakeney, Head of Innovation & Ecosystems, DBS Hong Kong. Under the MOU, students of the Master of Science in Financial Technology programme will gain first-hand experience on FinTech-related projects, including digital customer journey, API application, big data analytics, blockchain, artificial intelligence, machine learning, sustainability, as well as internship opportunities, and insights and knowledge sharing by DBS Hong Kong mentors.
In Hong Kong, DBS, the first bank in the world to hold three of the most prestigious global best bank honours at the same time, and twice named World’s Best Digital Bank by Euromoney, is pioneering efforts to transform the way banks serve, engage and interact with customers through FinTech innovation.
Professor Martin Wong remarked, “It is an honour for us to collaborate with DBS Hong Kong on internship, industrial project and job placement for our MSc FinTech students. FinTech has undeniable importance and groundbreaking effects in reshaping the landscape of the financial sector, and there is no better way for our students to learn from experts and to gain hands-on experiences from the industry. Our MSc FinTech programme is committed to nurturing technologically adept and business savvy talents who can offer innovative solutions to finance-related industries. This collaboration is beneficial to both sides as we firmly believe that extending and strengthening academic and corporate relationships is crucial to the development of financial technologists. What our students learn in class will complement perfectly in handling real-life projects and challenges proposed by the industrial practitioners”.
Brit Blakeney remarked, “Banks can no longer work in silos and can only be successful by materially transforming the way they work and by collaborating with FinTechs. While DBS has always been the pioneer in nurturing startups and helping them grow, by working more closely with CUHK, the first and leading university offering a Master of FinTech programme, this further demonstrates our strong commitment to cultivating the next generation of talents in Hong Kong. We are all very excited to see how these extremely talented students will transform and innovate the industry.”
Professor Martin Wong (left), CUHK’s Dean of Engineering, and Brit Blakeney (right), Head of Innovation & Ecosystems, DBS Hong Kong, signed MOU for the inaugural Master of Science in Financial Technology programme to further foster digital innovation and academic strength.
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 27,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
About Faculty of Engineering, CUHK
A pioneer in the education on financial technology in Hong Kong. The Faculty launched the first FinTech undergraduate programme in 2017/18 academic year, and then a new Master of Science in FinTech programme in 2019/20 academic year. The programmes aim to nurture the new generation of financial technologists and both programmes receive full support from the banking industry as well as financial regulatory bodies.
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