FinTech Olympiad competition: Registration now open encourages students to propose FinTech-enabled social innovations that help solve real-world problems | News from Taiwan
HONG KONG SAR – Media OutReach – 22 February 2023 – FinTech Olympiad (FTOL) 2023 hosted by the City University of Hong Kong (CityU) and supported by HSBC is now calling for entries to the final competition for tertiary students from the Greater Bay Area (GBA). The competition encourages students to create FinTech solutions to real social and economic challenges. The winners will receive cash prizes and industry support to continue their FinTech venture.
Call for entries: FinTech Olympiad 2023 competition
FinTech Olympiad Competition 2023 is a signature part of FTOL. Students attending tertiary education and recent graduates (within 3 years) from any discipline at higher education institutions in the GBA can participate as individuals or a team (2 to 6 pax). Participants must submit a project that uses FinTech to solve some of the pressing problems in society. The submission deadline is 19 March 2023.
Nominated finalists will meet their mentors who are business leaders and FinTech experts to seek professional advice in the run-up to Final Pitch Day in May. A panel of judges will assess the proposals based on these criteria: problem solving, social impact, innovation, thoughtfulness and management and communication.
The finalists will compete for the Gold Medal, Silver Medal, Bronze Medal, Best Cross-Border FinTech Solution Award and the newly added Social Impact Award. The awards include prize money of up to HKD 100,000 and industry support including HSBC Hub for the Future membership, a summer internship provided by the Hong Kong Applied Science and Technology Research Institute (ASTRI) as well as the green channel interview entry to CityU’s HK Tech 300 seed fund.
Learn more about the FinTech Olympiad Competition 2023 / Registration: www.cityu.edu.hk/sds/fintech/competition.html
Young people are the drivers of the FinTech trend
Professor Raymond Chan, Acting Vice-President (Student Affairs), City University of Hong Kong encourages students to join the FinTech Olympiad competition. “In an increasingly competitive environment, individuals and businesses alike seek the help of innovative technologies to solve problems and improve efficiency and performance. FinTech is not only applicable in the financial industry, but is also used to address societal, economic and environmental issues. Join in this competition, you will listen to what society needs, use your creativity and use your knowledge. Also, you will be able to learn about the latest trends and connect with the experts. It will help you become more competitive, so don’t miss your chance to to join”, said Professor Chan.
A record number of over 1,400 students from 20 tertiary institutions in the GBA joined the training program to FTOL 2023. They received 12 training sessions from October 2022 onwards, covering a range of topics from introduction to FinTech, AI, machine learning, cyber security, RegTech and Blockchain to the use of FinTech in banking, insurance, customer journey and sustainability.
Last year’s winners benefited from the program
The Lemon Team consisting of City U students and alumnus Aaron Doering, Daniel Eckhoff and Jayson Haebich are the bronze medalists of FTOL 2022. They designed their own project, Lemon T, a blockchain-based solution for people to validate the information of used cars provided by car owners. The winning team found the FTOL program rewarding as it had provided them with practical FinTech skills and knowledge and opportunities to build their industry network. They are working on their own start-up to bring the award-winning project to life, with support from other seed funds.
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FinTech Olympiad
The FinTech Olympiad (FTOL), hosted by the City University of Hong Kong and supported by HSBC, is an active learning program designed to empower and inspire young FinTech talent and to foster connections between the FinTech communities in the GBA. FTOL offers a range of trainings, a project-based competition and networking opportunities that equip post-secondary students in GBA with FinTech knowledge, skills and connections that can improve their competitiveness and employability and help them surf the promising FinTech trend.
Website: www.cityu.edu.hk/sds/fintech/
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City University of Hong Kong
Located in the heart of Hong Kong, CityU has a well-deserved reputation as an innovative hub for research and professional education and for addressing global issues and empowering positive change.
