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Imaginative and prescient Carbon by CityU Received Gold Medal with its Blockchain-based Carbon Buying and selling Platform
HONG KONG SAR – Media OutReach – 29 Might 2023 – Hosted by the Metropolis College of Hong Kong (CityU) and supported by HSBC, the FinTech Olympiad (FTOL) 2023 competitors convening 94 groups throughout 18 universities from cities within the Higher Bay Space (GBA) was concluded with an award ceremony on 27 Might. Within the remaining pitch spherical, 20 finalist groups pitched their monetary technology-enabled enterprise options to a panel of business leaders. Imaginative and prescient Carbon, a group from the Metropolis College of Hong Kong gained the Gold Medal and “The Greatest Cross-Border FinTech Resolution” award with its blockchain-based undertaking aimed to reinforce the transparency, verifiability and traceability of carbon credit score buying and selling throughout the GBA. Imaginative and prescient Carbon’s resolution proposed to ease carbon offsets for each companies and people.
Talking on the ceremony right now, Dr Isabel Yan, Affiliate Professor, Division of Economics & Finance, CityU remarked, “Metropolis U takes satisfaction in organising the fourth FinTech Olympiad. By the programme, FTOL is aimed to assist college students from all disciplines equip themselves with FinTech savviness and construct business connections that may improve their competitiveness and employability, from a profession growth perspective. We encourage the youthful technology to get ready for being the important thing driver of the auspicious FinTech development.”
Ms. Charlotte Wong, Chief Info Officer, Hong Kong, HSBC stated, “As a ‘super-connector’ between Hong Kong and the world, HSBC is dedicated to taking part in an important function in pushing ahead fintech growth in Hong Kong. We’re proud to help the Fintech Olympiad which permits our future generations to pave the best way for his or her profession growth in fintech. It’s nice to see how nicely this 12 months’s members throughout the GBA apply progressive concepts to deal with actual life social wants. They’ve gained themselves an entry ticket to the worldwide fintech area. Congratulations to all of the awardees.”
The FinTech Olympiad is a 10-month lively studying programme, comprising of coaching, project-based competitors and networking occasions aimed toward equipping college students and driving alternatives to suit their aspirations. Over 1,400 college students from 20 tertiary establishments within the GBA utilized to hitch the coaching periods, a 230% improve from final 12 months.
The competitors was designed to encourage college college students to work out options that may deal with social and financial issues encountered in our on a regular basis life by making use of their fintech data and abilities. 20 finalist groups had been chosen amongst 94 group entrants and had been supported by mentors from a spread of backgrounds. The finalist groups introduced their options to a judging panel composed of business leaders in a real-life enterprise world setting. Their proposals had been evaluated based mostly on standards together with problem-solving, social impacts, innovation, thoughtfulness and management and communication.
The successful groups (see the listing of awardees) will obtain prize cash and business help from HSBC, internship alternatives from the Hong Kong Utilized Science and Expertise Analysis Institute (ASTRI) and CityU HK Tech 300 funding prospects to additional develop their initiatives.
ASTRI and Hong Kong Digital Asset Society (HKDAS) are strategic companions of the FTOL, organising coaching workshops, meetup occasions and consultants’ sharing periods for members.
Checklist of Awardees of Fintech Olympiad 2023 Competitors
| Award | Profitable Staff | Challenge | Representing |
| Gold Medal | Imaginative and prescient Carbon
(Staff #20) |
A blockchain-based buying and selling platform making use of good contract, NFT and GameFi to make the buying and selling of Voluntary Carbon Credit extra clear, verifiable and traceable in order to allow companies to entry high-quality carbon credit. The answer additionally facilitates people to offset carbon footprint via tree planting funding. | CityU |
| Silver Medal | Ok-Quant Group
(Staff #12) |
A platform delivering superior and
Interpretable instruments for on a regular basis buyers to conduct inventory forecast and danger evaluation. Its core expertise combines a dynamic monetary data base with various knowledge. |
HKUST
(Guangzhou) |
| Bronze Medal | Bubble Taco
(Staff #2) |
The proposed resolution collects Geographic Info System knowledge of road distributors, together with their enterprise hours, motion monitoring, consumption per capita of enterprise space and real-time inhabitants warmth map. By analysing these knowledge, the system estimates the revenue stage of the road vendorswhich can function various knowledge for reference of private credit score analysis. | CUHK
(Shenzhen) |
| Greatest Cross-Border Fintech Resolution | Imaginative and prescient Carbon
(Staff #20) |
(see Gold Medal successful undertaking) |
CityU |
| Social Impression Award | COREearth
(Staff #5) |
A B2B carbon emission-based buying and selling platform utilizing AI and blockchain for emission monitoring, worth prediction, company compliance and verification of carbon footprint. It’s aimed to reinforce the safety and transparency of carbon buying and selling between mainland China and EU. It additionally supplies machine studying enabled evaluation and carbon funding administration service. | HKUST (Guangzhou) |
Fireplace Chat: Leveraging FinTech to Create Social Impacts
Specialists had been invited to offer a Fireplace chat on the ceremony. Ms. Amy Hui, Head of Buyer Lifecycle Administration (CLCM), Retail Banking and Wealth Administration, HSBC, Mr. Alan Cheung, Senior Director, Belief and AI Applied sciences, Hong Kong Utilized Science and Expertise Analysis Institute (ASTRI) and award-winning music producer and singer-song author Mr. Hanjin Tan, from Hong Kong Digital Asset Society (HKDAS) shared their views and insights on how one can leverage monetary expertise to create optimistic social impacts.
Hashtag: #CityU #Fintech #HSBC
https://linktr.ee/cityu.fintech.olympiad
The issuer is solely liable for the content material of this announcement.
FinTech Olympiad
FinTech Olympiad (FTOL), hosted by the Metropolis College of Hong Kong and supported by HSBC, is an lively studying programme designed to empower and encourage younger FinTech abilities and to advertise connections among the many FinTech communities within the GBA. FTOL supplies a collection of coaching, a project-based competitors and networking alternatives that equip post-secondary college students within the GBA with FinTech data, abilities and connections that may improve their competitiveness and employability and assist them surf the auspicious FinTech development.
Metropolis College of Hong Kong
Positioned within the coronary heart of Hong Kong, CityU has a well-earned popularity as an progressive hub for analysis {and professional} training and for addressing world points and empowering optimistic change.
The Hongkong and Shanghai Banking Company Restricted
The Hongkong and Shanghai Banking Company Restricted is the founding member of the HSBC Group. HSBC serves prospects worldwide from places of work in 62 international locations and territories. With belongings of US$2,990bn at 31 March 2023, HSBC is among the world’s largest banking and monetary companies organisations.
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