Key Information

inSight
Speeches
Speeches by Speaker
Norman T.L. Chan
Peter Pang
Eddie Yue
Arthur Yuen
Raymond Li
Edmond Lau
Esmond Lee
Meena Datwani
Vincent W.S. Lee
James Lau
Joseph Yam
Y K Choi
William Ryback
David Carse
Tony Latter
Andrew Sheng
Hans Genberg
Simon Topping
Michael Taylor
The Honourable Donald Tsang
Chen Yuan
Dai Xianglong
Don Brash
Jaime Caruana
Andrew Crockett
Mario Draghi
David Eldon
Stanley Fischer
Timothy F. Geithner
Stephen Grenville
Kenneth G. Lay
William McDonough
Ernest Patrikis
Glenn Stevens
Jean-Claude Trichet
Tarisa Watanagase
Zeti Akhtar Aziz
Press Releases
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
Press Releases by Category
Bogus Voice Message Phone Calls
Banking in Hong Kong
Fraudulent Websites, E-mails and Telephone System, and other fraud cases
Granting of Banking Licences
Exchange Fund
Table of Multiples of Notes and Payments for Allotted Amount under non-competitive tender
Table of Multiples of Notes and Payments of Application Amount under non-competitive tender
Tender of Exchange Fund Bills and Notes
Tender Results of Exchange Fund Bills and Notes
Tentative Issuance Schedule for Exchange Fund Bills and Notes
Appointments and Departures
HKMA Pay Review
HKMA Publications
Speeches
The Hong Kong Mortgage Corporation
Hong Kong Note Printing Limited
Hong Kong Institute for Monetary Research
Exchange Fund Investment Limited
Others
Hong Kong Financial Infrastructure
International Relations
Investment Products Related to Lehman Brothers
Monetary Policy
Notes and Coins
Renminbi business
Credit Card Lending Survey
Monetary Statistics
Residential Mortgage Survey
Year 2000
Others
Guidelines and Circulars
Guidelines
Circulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
453.1281

insight

Fintech Career Accelerator Scheme Information Day

(Translation)

Jointly organised by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Applied Science and Technology Research Institute (ASTRI) , the Fintech Career Accelerator Scheme (FCAS) has been well received since its launch last month.  An Information Day for FCAS was held at the HKMA’s office yesterday.  Although it was a bit cold on Saturday morning, the FCAS Information Day still attracted a full house of around 300 students and bank representatives. An additional venue had to be arranged to accommodate all the participants.  The atmosphere was very lively.

【Photo 1】Mr Nelson Chow, Chief Fintech Officer of the HKMA, introduces the details of FCAS to the participating students.
Photo 1Mr Nelson Chow, Chief Fintech Officer of the HKMA, introduces the details of FCAS to the participating students.

FCAS offers an internship opportunity to local university students who are interested in working in Fintech.   Twelve banks, together with the HKMA, will offer about 100 intern posts.   The duration of internship is six or 12 months.  This is longer than the usual summer internship, as we hope that students will have ample time to gain practical working experience. 

The monthly salaries of FCAS interns will be about HK$10,000 for undergraduates and about HK$16,000 for postgraduates.  Salaries offered by individual banks may vary slightly.

【Photo 2】Recruitment booths are packed with students who have the opportunities to ask bank representatives questions about FCAS.
【Photo 2】Recruitment booths are packed with students who have the opportunities to ask bank representatives questions about FCAS.

Undoubtedly, Fintech is one of the main focuses of the future development in the banking industry.  Therefore, even though FCAS is only recruiting interns, participating banks took the event very seriously and their representatives arrived at the venue early to get their booths ready.  They had also prepared information leaflets for distribution to students.  I asked banks what kind of candidates they are looking for.  They said that the students do not need to be “top of the class” for every subject, or confined to studying certain subjects.  Rather, they are more concerned about whether the students are creative and enthusiastic, have good team spirit and possess relatively strong analytical skill.

(Photo 3) The HKMA’s Fintech Facilitation Office also offers some intern posts and attracts enquiries from many students.
(Photo 3) The HKMA’s Fintech Facilitation Office also offers some intern posts and attracts enquiries from many students.

What are students most concerned about when they check out those placements in banks?  Most of them are interested in finding out to what extent banks would be prepared to let the interns unleash their potentials and whether they would be able to acquire solid skills from these posts.  Many students said frankly that they do not wish to be assigned as assistants for organising events or inputting data.  Instead, they are keen to put what they have learned into practice. 

Indeed, banks have been actively exploring and developing various Fintech initiatives, including blockchain, artificial intelligence, biometric authentication, etc, which are the fields that students would like to engage in.  In addition to hard skills, banks have also recently started to attach great importance to user experience, which determines the ultimate acceptability of new technology.

(Photo 4) Financial engineering student, Ms Zhou, says that she looks forward to gaining hands-on experience through FCAS, paving the way for pursuing a doctoral degree in the future.
(Photo 4) Financial engineering student, Ms Zhou, says that she looks forward to gaining hands-on experience through FCAS, paving the way for pursuing a doctoral degree in the future.

(Photo 5) Student, Mr Lo, is interested in joining the Fintech industry and finds the FCAS Information Day useful in having all the suitable positions in this field placed under one roof.
(Photo 5) Student, Mr Lo, is interested in joining the Fintech industry and finds the FCAS Information Day useful in having all the suitable positions in this field placed under one roof.

For those students who are interested in FCAS but have missed the Information Day last Saturday, you can still check out the internship details and download an application form from the FCAS website.  But do remember that application closes at noon on 4 February!

Fintech Career Accelerator Scheme

Eligibility

➢      Undergraduates in their second or third year, and postgraduates.

➢      Relevant disciplines: Engineering, Computer Science, Sciences, Business & Finance, and Law.

➢      Strong interest and motivations to learn and explore Fintech.

Application Procedures

List of Participating Institutions and Tertiary Institutes*

Participating Institutions

Participating Tertiary Institutes

➢  Hong Kong Monetary Authority
➢  Bank of China (Hong Kong) Limited
➢  Bank of Communications Co., Ltd. Hong Kong Branch
➢  Bank of East Asia, Limited (The)
➢  BNP Paribas Hong Kong Branch
➢  China CITIC Bank International Limited
➢  Citibank (Hong Kong) Limited
➢  DBS Bank (Hong Kong) Limited
➢  Hang Seng Bank, Limited
➢  Hongkong & Shanghai Banking Corporation Limited (The)
➢  Industrial and Commercial Bank of China (Asia) Limited
➢  Standard Chartered Bank (Hong Kong) Limited
➢  Wing Lung Bank Limited

  • ➢ Chinese University of Hong Kong
  • ➢ City University of Hong Kong
  • ➢ Hang Seng Management College
  • ➢ Hong Kong Baptist University
  • ➢ Hong Kong Polytechnic University
  • ➢ Hong Kong Shue Yan University
  • ➢ Hong Kong University of Science and Technology
  • ➢ Lingnan University
  • ➢ Open University of Hong Kong
  • ➢ University of Hong Kong

*in alphabetical order except the Hong Kong Monetary Authority

 

Website of FCAS:
http://www.fcas.hk/

22 January 2017

 

Written by Mina, the specially-assigned ‘Observer’ who goes around the HKMA office in IFC, Central, collecting interesting facts and sharing them with you from time to time.

Last revision date: 25 January 2017
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery