Tencent Finance Academy (Hong Kong) appoints advisory board

By Edil Corneille

Tencent Finance Academy (Hong Kong) (TFAHK) announced today the formation of its advisory board made up of leaders and industry experts from various government departments, academic institutions and from within the financial technology (FinTech) industry. The newly formed advisory board’s goal is to support FinTech talent development and advise on overall regional strategy, as well as to foster the sustainable growth of the FinTech ecosystem in the Greater Bay Area.

Jim Lai, Vice President of Tencent, Chairman of Fusion Bank, and Dean of Tencent Finance Academy (Hong Kong) said, “One of Tencent Finance Academy’s goals since its establishment is to meet the long-term development needs of the financial industry in the Greater Bay Area. We proudly welcome our advisors, comprised of esteemed professionals, thought leaders and industry experts from various related sectors, to ensure that TFAHK continues to make a significant and beneficial impact on the sustainable growth of the FinTech industry.”

Dr the Hon. Moses CHENG, GBM, GBS, JP said, “On behalf of my fellow members of the newly formed TFAHK advisory board, we highly look forward to exploring the synergies with TFAHK and will strive to bring our experiences, insights and expertise through different forms of involvement and collaboration, in order to foster the FinTech development and global economic development in the Greater Bay Area.”

TFAHK was established in 2018 and in its second year, TFA established a strategic collaboration with the University of Hong Kong on FinTech-related research and talent development initiatives and expanded the all-round FinTech Talent Nurturing Programme to the Greater Bay Area, among other achievements. Marching on towards 2021, TFAHK, working with its newly formed advisory board, is exploring new opportunities to expand its target to include recent graduates and returning overseas students.

As the emergence of COVID-19 has accelerated the global development of FinTech, industry bodies are now paying much more attention to the regulations surrounding the industry. Thus, the academy will work with the advisory board to assess critical topics such as regulatory technology (RegTech), supervisory technology (SupTech), cybersecurity, and data privacy, among others. The academy aims to promote sustainable development of the FinTech ecosystem in Hong Kong and the rest of the Greater Bay Area.