The HKMA first launched the Fintech Career Accelerator Scheme (FCAS) in December 2016 in collaboration with the Hong Kong Applied Science and Technology Research Institute (ASTRI) to nurture talents to meet the growing needs for fintech talents in Hong Kong. The Gap Year Placement Programme allows students from participating tertiary education institutions to work on fintech-related projects full-time at banks or the HKMA for six months or one year.
In 2018, as part of the seven Smart Banking initiatives launched by the HKMA to elevate the banking sector to a higher level, the FCAS was upgraded to FCAS 2.0 with a view to enhancing the fintech talent pool to meet the growing demands from the industry and to nurture young talents at different stages of their career development. With more partners, more participating employers and coverage beyond Hong Kong, the existing Gap Year Placement Programme was enhanced and three new programmes were introduced.
This video gives an overview of the Fintech Career Accelerator Scheme 2.0.
Cyberport University Partnership Programme is a fintech-focused entrepreneurship boot camp at a prestigious overseas university, with mentorship and sharing offered by industry elites and start-ups.
The Shenzhen Summer Internship Programme allows students to experience the fintech ecosystem in Shenzhen by working at renowned firms in summer.
Under the Gap Year Placement Programme, participating banks, stored value facilities operators and the HKMA provide intern positions to undergraduates and postgraduates in the disciplines of engineering, science, business, finance or law from 10 tertiary education institutions to work on fintech-related projects for six months or one year. The HKMA and ASTRI provide regulatory updates and technical training respectively to the students.
Through the Fresh Graduate Programme, Cyberport and the Hong Kong Science and Technology Parks Corporation encourage their fintech tenants to employ fresh or recent graduates full-time, with the HKMA and ASTRI providing regulatory updates and technical training respectively to these graduates.