The Fintech Talent Development,Competency, and Manpower Study

The Fintech Talent Development, Competency, and Manpower Study 13 Executive Summary Other Opportunities for Fintech Education Another form of fintech training follows the traditional in-house and executive education training mode where intensive face-to-face delivery is held within a fixed period of time (e.g. 1-2 days or a week). Local universities including SPACE and the HKUST Business School offer short open programs in fintech. HKUST and Yale Collaboration Yielded Positive Results A partnership between HKUST and Yale combined both synchronous and asynchronous learning in a blended online learning format. Students from more than 20 member schools worldwide of the Global Network for Advanced Management (GNAM) partnership were able to enroll in an online fintech course along with MBA and MSc students from HKUST. Fintech Qualification In Mainland China, the China Banking Association ( 中國銀行業協會 or CBA) launched the first training program for its Certification in Finance and Technology (CFT) ( 金融 科技師認證 ) in Shenzhen in September 2019. In Hong Kong, the Institute of Financial Technologists of Asia (IFTA) launched its Certified Financial Technologist program recently. The development of professional qualification is still in its infancy stage, and the curriculum and assessment method of these professional qualifications vary widely. Establishing Core Competencies for Fintech Participants of this Study told us in interview after interview that for their organizations to thrive, they need people with strong technical, interpersonal, and management skills. Based on their feedback, we identified 13 competencies that are key to talent development for the fintech industry in Hong Kong. Competencies: Valuing the “How” Competency models are frequently used in organizations to define how they want their strategies and goals to be accomplished, and having a defined competency list helps them to recruit, manage, and appraise people. People with Soft Skill Competencies Stay Ahead of the Curve While automation continues to replace more routine tasks, and as the shelf life of specific expertise declines, people who have honed their “soft skills” well will be able to stay ahead of the curve.