News

Congratulations go to Professor SM Yiu, Deputy Director of the HKU-Standard Chartered Foundation FinTech Academy, Professor Douglas Arner, Kerry Holdings Professor in Law at The University of Hong Kong, and Brian Tang, Executive Director of LITELab@HKU and teammates from Standard Chartered Bank on winning Best Governance, Risk and Compliance Solution in the inaugural BIS-HKMA “TechChallenge – Digitising Trade Finance” (TechChallenge).

Launched in August, the TechChallenge is a joint initiative of the new Innovation Hub of the Bank for International Settlements and the Hong Kong Monetary Authority (HKMA), designed to showcase the potential for new innovative technologies to resolve problems in trade finance (TradeTech). Winners were selected from 103 technology solutions submitted by applicants worldwide to three problem statements: Connecting Digital Islands and Increasing Network Size and Effects; Trade Finance Inclusion for SMEs; and TradeTech for Emerging Markets. Besides the best solution to each of the problem statement, other awards were made to recognize outstanding solutions in different aspects. The winners and runners-up were announced as part of Hong Kong Fintech Week, which took place from 2-6 November.