Month: March 2023

Originally published on Bloomberg.com

The Hong Kong Monetary Authority (‘HKMA’), Bloomberg and the Hong Kong United Youth Association (‘HKUYA’) this week hosted an in-person summit that brought together top student talent, representatives from leading finance and technology companies and senior government officials in Hong Kong. The summit marks the conclusion of a successful inaugural Greater Bay Area (GBA) Fintech Talent Initiative that brought together more than 320 students and supported by more than 20 major international firms and organizations in the region.

Keynote speeches were delivered by The Honourable Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong SAR, Howard Lee, Deputy Chief Executive of the HKMA alongside remarks from Dave Ho, Executive Vice Chairman, HKUYA, Bing Li, Head of Asia-Pacific, Bloomberg and a video message from Michael Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies. This was followed up by an afternoon of panel discussions featuring senior leaders and representatives from HSBC, HKEX, Standard Chartered, ZA Bank, Alipay (HK) and Goldman Sachs as well as a GBA career fair hosted by the corporate partners.

At the event, the Honourable Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong SAR said, “The fintech landscape in Hong Kong is incredibly diverse and dynamic. We are now home to over 800 fintech companies and start-ups, offering a wide range of innovative services such as mobile payments, cross-border transfers, intelligent financial consultancy, wealth management, virtual asset trading, and blockchain.” He added, “This vibrant and diverse fintech ecosystem is a testament to the fundamental strengths of our city. And by collaborating with our sister cities in the GBA, we can create a synergy effect that presents immense potential for further fintech innovation.”

Howard Lee, Deputy Chief Executive of the HKMA added, “With its GDP reaching 12.6 trillion RMB in 2021, development of the GBA heralds massive opportunities for fintech firms and financial institutions. To support this growth, the digitalized financial sector requires multi-disciplinary talent as more types of jobs are created. That is why connecting talent with our future matters. And fintech student programs like this help the younger generation capture new and exciting career opportunities in this vibrant region.”

Throughout the program, university students had the opportunity to meet with leaders and experts from leading financial and technology companies in the region that provided technical training, networking opportunities, bespoke mentorship and other career skills. This initiative forms part of Bloomberg’s global Corporate Philanthropy program, which works with a network of non-profit partners to ensure more individuals from underserved communities have the relevant skills and experience for employment and entrepreneurship.

“We’re committed to making a positive impact in the communities in which we live and work, and our hope is this program will make an important contribution to an industry that will be a catalyst for long-term economic growth in this region,” said Bing Li, Head of Asia-Pacific for Bloomberg. “Over the last 30 years in Hong Kong, our office here has grown to become our largest in Asia and we’re proud to establish a program like this. More than anything else, our hope is the program will create excitement for a career in fintech, while equipping participants with a network of mentors as they enter the workforce. We believe the program can create interest in fintech careers here and bolster the supply of top tier graduate talent to employers in Hong Kong and the wider GBA.”

“Youth talent development is crucial for the growth and sustainability of the fintech industry in the Greater Bay Area. The GBA Fintech Talent Initiative plays a vital role in fostering talent and providing a platform for young people to learn and network in the fintech industry through various initiatives and programs. These efforts not only benefit the individuals but also contribute to the overall development of the GBA fintech ecosystem,” said Dave Ho, Executive Vice Chairman of the Hong Kong United Youth Association.

For more information on future Greater Bay Area Talent Initiatives hosted by Bloomberg, please contact jlee3119@bloomberg.net.

NEW YORK, March 15, 2023 /3BL Media/ – Oxfam and the United Nations Office for Disaster Risk Reduction estimates the number of climate-related incidents have tripled in the last 30 years, with over 60,000 deaths globally due to natural disasters. And technologies such as blockchain, the Internet of Things (IoT), big data, and cloud computing are revolutionizing climate change and managing natural disasters. Existing disaster response management systems are wrought with complex, time-consuming IT recovery processes, and companies are finding themselves unable to adjust disaster response systems. This is mainly due to the rapidly changing business and compliance environment, as well as a lack of regular disaster response drills and comprehensive failover testing. When technology is applied intentionally, it can seamlessly support better planning, drive stronger community readiness, and empower communities to be more resilient.

On March 30, 2023 from 1:00–2:00 pm ET, learn how organizations and companies can work to accelerate disaster response. Speakers include:

Morgan Singer, Digital Empowers Lead, Tata Consultancy Services (TCS)Mark J. Smith, Executive Director for Community Engagement and Partnerships, American Red CrossBryan Knouse, CEO, OWL

This virtual forum is the eighth in a series addressing our most pressing societal challenges as a part of the Digital Empowers program. Through Digital Empowers, Chief Executives for Corporate Purpose (CECP) has partnered with TCS and PYXERA Global to foster cross-sector collaboration using leading-edge technology and digital innovations to make progress on core social issues, such as the transition to a circular economy, food security, the future of work, access to healthcare, and more.

Register here to take part in this important conversation.

CECP Media Contact: 
Katie Leasor 
kleasor@cecp.co

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About Chief Executives for Corporate Purpose (CECP) 
Chief Executives for Corporate Purpose® (CECP) is a trusted advisor to companies on their corporate purpose journeys to build long-term sustainable value and tell their impact stories. Working with CEOs and leaders in corporate responsibility, sustainability, foundations, investor relations, finance, legal, and communications, CECP shares actionable insights with its CEO-led coalition to address stakeholder needs.

Founded in 1999 by actor and philanthropist Paul Newman and other business leaders, CECP is a movement of more than 225 of the world’s largest companies that represent $7.7 trillion in revenues, $37.4 billion in total community investment, 14 million employees, 22.5 million hours of employee engagement, and $21 trillion in assets under management. CECP helps companies transform their strategy by providing benchmarking and analysis, convenings, and strategy and communications in the areas of societal/community investment, employee engagement, environmental social governance/sustainable business, diversity equity inclusion, and telling the story. For more information, visit http://cecp.co.

About Tata Consultancy Services (TCS) 
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India’s largest multinational business group, TCS has over 616,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com

About PYXERA Global 
Our goal is simple: to enrich lives and livelihoods worldwide, inclusively and sustainably.

For over thirty years, PYXERA Global has leveraged the unique strengths of corporations, governments, and social sector organizations to create groundbreaking partnerships that leverage the innovation in each to create meaningful change worldwide. For more information, visit https://www.pyxeraglobal.org