Topic: Fintech-banking Collaboration Using Open API - a Glimpse at Mainland and Hong Kong
Date: 19 July 2022 (Tue)
Time: 5:30 p.m. - 6:30 p.m.
Format: Live virtual class (zoom)
Language: English
Register: https://cefar.cuhk.edu.hk/fintech-seminar-series
Fee: Free Registration
Panelists : (in surname's alphabetical order):
•Mr. Terry Chan, Senior Manager, Hong Kong Monetary Authority (HKMA);
•Mr. Alan Cheung, Senior Director, Hong Kong Applied Science and Technology Research Institute (ASTRI);
•Mr. Andrew Lim, Head of IT, Hang Seng China
Moderator:
•Prof. Raymond Tsang, Associate Professor of Practice / Career Advisor, Centre for Financial Engineering, CUHK
Abstract:
In this panel, we have invited leaders from the regulator, commercial bank and technology research institute to explore this fintech topic with the participants. HKMA has been a long time advocator of smart banking initiatives, especially in the area of Open Application Programming Interface (API). Hang Seng Bank (China) has leveraged on Open API to facilitate collaboration with fintech companies in the mainland. ASTRI has also developed secured portals for third party service providers to access clients’ bank systems with client authorization.
Through our panel discussion, we would investigate how a technology research institute can provide a secured environment for the related parties to access the Open API, how a commercial bank can benefit from this tool to facilitate bank-fintech collaboration, while understanding and meeting customer needs, and how the regulator can foster an innovative and collaborative habitat and at the same time manage the risk in various aspects. We will also compare how such development goes in the mainland and Hong Kong markets.
Biography:
Mr. Terry Chan has been appointed to the present position from 2017 with responsibilities for facilitating the healthy development of the Fintech ecosystem in Hong Kong and promoting Hong Kong as a Fintech hub in Asia. He has worked in different areas of HKMA’s Fintech initiatives, including Open Application Programming Interface (API) for the Banking Sector, Fintech Supervisory Sandbox, Commercial Data Interchange, digital corporate identity and Hong Kong FinTech Week.
Mr. Alan Cheung is the Senior Director of the Trust and Artificial Intelligence technologies division in ASTRI. He leads the division in driving ASTRI’s initiatives, particularly in Fintech and Smart City areas with innovative applications such as blockchain systems, cybersecurity, secure fintech services, federated learning, risk assessment and multimedia data analytics.
Mr. Andrew Lim is currently IT head of Hang Seng Bank (China) and has stationed in CN since 2005. His responsibility is to oversee all IT functions of the Bank covering IT Development/Operations/security/Compliance. Prior to that he worked at IT dept of HangSeng Bank and held positions of different IT services such as Index, FX Trading and e-banking.
Prof. Raymond Tsang received his M.S. degree in Financial Mathematics at the University of Chicago, USA. He holds the Chartered Financial Analyst (CFA) designation and is a Financial Risk Manager (FRM). In 2015, Mr. Tsang joined the Centre for Financial Engineering at the Chinese University of Hong Kong as a Senior Lecturer/Career Master.
