The School and HSBC announced a strategic partnership with a commitment of HK$10 million from the bank. The collaboration underscores HSBC’s dedication in driving fintech innovation and strengthening Hong Kong’s position as an international financial center, as well as HKUST’s commitment to supporting the digital development of industries by creating and sharing knowledge.
Prof. TAM Kar Yan, Dean of HKUST Business School (right), and Ms. Goska GRABEK, Chief of Staff, COO Asia Pacific Office, HSBC (left), entered into an agreement to accelerate HSBC’s digital journey, and facilitate fintech talent development within the company and in Hong Kong.
The partnership will explore innovative solutions for the future, by applying the latest technologies incubated in joint research projects. Academic researchers and professors from HKUST will work with subject matter experts from HSBC and the project is expected to be completed by 2024. Technologies, such as artificial intelligence (AI) and quantum computing in financial applications, will be explored to develop solutions that can transform our interactions along the customer journey and ultimately improve customer’s experience. In addition, the program will conduct a Central Bank Digital Currency (CBDC) proof of concept research that may gauge insights for future developments in digital currency in Hong Kong.
Details of the partnership agreement.