What a way to start the Year of the Rabbit with most of the bankers in Hong Kong! Thanks Hong Kong Institute of Bankers to organize such a great Spring Lunch 春茗 today in the Grand Hyatt Hotel. We used to have many CNY spring lunches or dinners in the banking industry but it was gone zero in the Covid period. We all enjoyed the f2f gathering again.
Appreciate the effort from Carrie Leung, Philip Kam and their teammates of #HKIB. Also, thanks to the great leadership from Mr David Kwok. Great to meet and have a chat with Legco Councillor (Financial Services) Hon Ronick Chan JP there as well.
Another bright day today. Apart from the sunny sky today, we did have a fruitful forum with the bright minds from the AI industry and bright talents from the China Everbright Bank Hong Kong Branch #CEBHK. It is a part of our Data Literacy Empowerment Programme #DLEP for CEBHK organized by OpenCertHub Academy #OCHA and Hong Kong Institute of Bankers #HKIB.
Appreciate the valuable insights and experience sharing from our guest speakers. It includes Ken Shih#Saxo#SaxoMarkets, Calvin Cheng, CFA#Wizpresso, Daniel Ling #OneConnect, and Edwin Hui#Capco. CEBHK’s C-suite together with their colleagues have actively participated our panel in their beautiful collaborative space. Thank you so much for the full support from Nancy Wu, Fanny Chan, their CEBHK’s C-suite and teammates. Also grateful to have my teammates from OpenCertHub and OpenCertHub Academy for their great effort behind the scene to make this forum an impactful one.
We went through a number of practical use cases, shared some key challenges, explored how to justify investment on AI in financial services. More importantly, how to nurture a data mindset and culture across the banks. It means from top management to all levels of colleagues have to be engaged and use data everyday.
In fact, MIT Slogan has a new article just published in May 2022. The core message is that Data is a team sport and the entire organization is the team. This requires data democratization, the idea that data should be in the hands of every employee. https://lnkd.in/diqnCF4u. This echoes what we talked about today as well as what my team at OpenCertHub Academy is believing in. We aim to empower employees of an organization at all levels with data literacy. Through the collaboration between the data-literate colleagues from different business units and data experts, their organizations will be able to stay ahead of their competition by unblocking more values from data.
I was impressed by the way Nancy Wu, the Deputy CEO of CEBHK, engaged with us and her colleagues today. Here is how she summarized what she learned today from the forum. Her 3 key takeaways today are. 1. Ecosystem 2. Co-creation 3. Roadmap
With Nancy’s leadership, I am confident that we can effectively empower her teammates with the right data mindset and skills to grow and stay ahead of their competition in the AI Era.
Today is a bright day with a sunny and clear sky. What a great day to kick off our collaborative partnership with The Hong Kong Institute of Bankers! OpenCertHub Academy (#OCHA) and The Hong Kong Institute of Bankers (#HKIB) are joining hands to upskill the data literacy of the executives and practitioners in the #Banking industry.
#Data is one of the most important assets for leading enterprises in today’s #DigitalEconomy. For #FinancialServices, data is the “new gold” or one of the most important assets these days. To unleash the power of data in the banking industry, everyone needs to speak data and treat it as their second business language.
Just having a core team of data scientists is not good enough to fully unleash the business values of data for banks. We are seeing that a few major international and local #banks are empowering the majority of their workforce on data literacy. They aim to embed a data mindset and skills with every possible colleague so that they can make use of data in their daily jobs. They also empower colleagues to communicate effectively and regularly with their data and IT teammates to come up with better and better analytics and data sources.
The prime objective of the “Data Literacy Empowerment Programme”, the flagship programme of OpenCertHub Academy (OCHA), is to democratize data literacy to everyone in a company so that they can seize the opportunities from data monetization and solve business problems with data analytics on daily basis.
The Hong Kong Institute of Bankers (HKIB) is one of the major institutes to provide training and certification services to the banking community in Hong Kong. Together, OCHA and HKIB aim to contribute to the growth of data talents in the banking community and enhance the competitiveness of the banking industry in Hong Kong through the pervasive use of data. Appreciate the leadership and trust from HKIB’s Carrie Leung and Philip Kam, and the great support from their teammates, and certainly my OCHA’s teammates Andy Kwok, Dr. Victor Ng, Patrick Tsoi, Candi Yeung and more. We look forward to collaborating with HKIB to co-creating values for the growth of #FinTech in Hong Kong.
If you are interested to find out more, please visit OCHA website https://lnkd.in/gi6y9mJE or contact OCHA and HKIB for more.
Congrats to #AECOM Hong Kong to successfully launch its 1st #FastTrack#CityHack#Hackathon. It is the first stop of the AECOM’s hackathon series in Asia. Hong Kong is proud to be the first location showcasing how innovation empowers a smart city.
The AECOM’s #FastTrackCityHack is a two and a half days in-person hackathon and competition on December 3 – 5, 2021. It aims to inspire and drive the development of practicable, forward-looking solutions for a better urban future. It has 3 main streams for the participants to innovate for a #SmartCity: #Resilience, #CarbonZero and #DigitalEcosystem. Hundreds of students and entrepreneurs joined the hackathons and selected ones are now working hard in AECOM’s office to compete for the award. https://lnkd.in/gVkJuBdt
Thanks Thomson Lai AECOM’s Asia Digital Leader for inviting me as a keynote speaker to get the passionate participants even more inspired for the hackathon. I chose the topic – “#Entrepreneurs: From Good to Great”. The participants are all good entrepreneurs already but what could differentiate them from good to great entrepreneurs. Solving the right problems right is the key. Appreciate #AECOMHK organizing such an impactful hackathon for Hong Kong and the great support from Madison Wai of Hill+Knowlton Strategies.
Hong Kong ICT Awards – FinTech Award, one of the most respectful FinTech Awards in Asia, is coming again this year. No matter you are #FinancialServices incumbents or #FinTech#Startups, it is a great opportunity to showcase your best use of #Technology and #Innovation in financial services and get recognized by customers, investors, industry practitioners and government officials.
The FinTech Award is composed of three streams:
1. #Banking, #Insurance and #CapitalMarkets
2. Emerging Solutions
3. Regulatory Technology and Risk Management*
*Includes FinTech Security
“Banking is necessary, but banks are not” is no less influential than “Information at your fingertips” from the game changer #BillGates. In 2020, Hong Kong Financial Services incumbents will be facing even more disruption from the tech giants like #Alibaba & 700+ #FinTech startups in HK. The 8 #VirtualBanks will start launching their innovative offerings in 2020. What the incumbents & the FinTechs should do?
In the #NEXX Forum in #Cyberport, I had a discussion w/ Will Ross CFA from #Citi & Ray Chou on the Disruption for Banking in 2020. The key takeaway is that competitions actually drive both incumbents and FinTechs to do more for the best of their customers. It implies collaboration in #ecosystem. Anna Yip from #Smartone shared how#5G adds value to FinTech & how industry crossover & hackathons help their company to innovate for customers. Jeffrey Ng, CFA, MBA from #PingAn#OneConnect talked about how their technologies are helping incumbents to overcome the digital challenges & meet customer expectations. Garry Sien from #Alibaba shared their experience in #GBA cross-border FinTech initiatives. Barry Chan from #IBMPeter Koo FCPA,CA,AICPA,CPA (Aust),CIA,CFE,CISA,CISM,CGEIT from #DeloitteEmil Chan#ZABank#DBS shared great insight.