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Friday, Feb 03, 2023

ASTRI and Deloitte collaborate in developing a technology ecosystem for the long term

Hong Kong Applied Science and Technology Research Institute (ASTRI) and Deloitte has signed a Memorandum of Understanding (MoU) that formalizes their mutual interaction and strengthens their existing relationship. The aim is to foster long-term joint efforts developing the technology ecosystem via technology research, technology commercialisation, talent development and marketing initiatives.
Technology Research and Commercialization

Under the terms of the MoU, ASTRI and Deloitte would engage in joint research projects and maximize the usage of ASTRI’s existing intellectual property (IP) where deemed appropriate.

Also, based on its extensive experience and expertise in local and global business environment, leading industry trends, as well as digital strategy and operation, Deloitte will participate as a system integrator for ASTRI’s research and development projects, with ASTRI’s expert background technology support where deemed compatible and appropriate.

Talent Development and Marketing Initiatives

ASTRI and Deloitte share a common vision from talent development and marketplace programs, to cultivating FinTech talents in Hong Kong and promoting cross-disciplinary collaborations and exchanges to facilitate the healthy development of the Fintech ecosystem.

In view of the rising demand for FinTech professionals in day-to-day business, many organizations have to be future-ready and equip more young talents with a wide range of skills and extensive knowledge, from technology to business, and from strategies to regulations.

In this context, ASTRI will support Deloitte by providing technical training to the latter’s young talents, while Deloitte will support ASTRI with FinTech professional trainers for the FinTech talent nurturing programme initiated by the City University of Hong Kong on their FinTech Olympiad 2023 where ASTRI is appointed as the strategic partner of the event.

The upcoming Insurer of the Future Summit 2022 also marks the beginning of ASTRI and Deloitte’s partnership in a series of FinTech marketing activities. Starting in November 2022, Deloitte will act as a significant partner organization for ASTRI in a series of FinTech-related marketing and promotion activities for a period of two years.

“This is a long-term commitment; by deepening our collaboration with Deloitte, we are taking another major step in developing the technology ecosystem,” remarks Dr Denis Yip, Chief Executive Officer of ASTRI. “Our common goal is to further strengthen our competitiveness through leveraging each other’s competencies and experience. We look forward to creating remarkable impact from this collaboration in the near future.”

Closer, cross-disciplinary collaborations within the FinTech ecosystem play a significant role to support the fast-growing industry. The collaboration, according to Deloitte China’s Southern Region Managing Partner, Mr Edward Au, is key to reimagining financial services and maintaining Hong Kong’s status as an international financial center. As part of Deloitte’s INspire HK strategy, this partnership demonstrates the company’s deep commitment to support Hong Kong’s financial industry and FinTech innovation.

According to Mr Alan Cheung, Senior Director, Trust and AI Technologies of ASTRI, and Mr Robert Lui, Deloitte China Government Affairs Southern Region Leader, ASTRI and Deloitte share the same aspiration to empower the next FinTech generation and make strategic impacts on Hong Kong and the world.

“With this long-term strategic collaboration, we look forward to further facilitating knowledge transfer and accelerating technological innovation within the thriving innovation and technology ecosystem of Hong Kong,” they conclude.


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