Early glimpse of CBDC (Central Bank Digital Currency) – Are Asian countries ready for it?
Central banks in many Asian countries are working on the possibility of introducing Central Bank Digital Currency (CBDC). The public’s preferences concerning the usage of CBDC for paying and saving are important determinants of the success of CBDC. The potential adoption of a Central Bank Digital Currency (CBDC) is a topic of increasing interest. What are some hurdles and challenges of implementing a CBDC? What are the implications of CBDCs to traditional banks and virtual banks? How do CBDCs work with global payments network?
In this seminar, we have invited leaders from the regulator, traditional bank, virtual bank and technology developer to explore these topics with the participants.
Mr. Nike Kong, Chief Information Officer, Hang Seng Bank
Mr. Brian Lam, Senior Manager, FinTech Facilitation Office, Hong Kong Monetary Authority
Mr. Gary Lam, Chief Technology Officer, Livi Bank
Mr. Peter Lee, Chief Technology Officer, IBM Hong Kong
Prof. Seen Meng Chew, Associate Dean for External Engagement, CUHK Business School
Date : 12 October 2021 (Tue)
Language : English
NOTE: Consider potential adverse weather conditions, face-to-face session has been cancelled. Online session will be continued regardless of the weather.
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Mr. Nike Kong, Chief Information Officer of Hang Seng Bank, is responsible for technology services within the bank and its subsidiaries including Hang Seng Indexes. Nike has over 30 years of technology management experience in the financial services industry, taking on various senior roles in the HSBC Group including the recent two years leading the IT function of Hang Seng Bank. Nike has extensive knowledge in enterprise system development and technology change management across different segments including retail, commercial and investment banking. Nike holds a Bachelor of Mathematics Degree from the University of Waterloo.
Working as technologist for over 20 years from retail insurance to commercial banking and wealth management industries. He has gained a lot of exposure in various technology architecture and platforms. In recent years, he focused on the Asia-Pacific region and leveraged customer-centric design principles. He has developed a few key digital products including WeChat mini-banking, trade finance blockchain platform and other digital banking products for retails and ultra-high net-worth individuals.
In livi bank, he is now fully dedicated to promoting financial inclusion and delivering secure, safe and customer-centric banking experience to HK customers.
Peter Lee the Chief Technology Officer, IBM Hong Kong & Distinguished Engineer, Technology Unit, IBM Greater China Group. Mr. Lee has over 25 years of IT experience and leads pre-sales technical support and architect infrastructure solution based on IBM Server Solutions, System Storage and System Software.
Mr. Lee is a veteran in IBM Systems who led technical communities and made outstanding contributions to business and industry via number of large scale project implemented, e.g. Banking Card Infrastructure at China Union Pay; Banking solutions deployment at countrywide Banks & RCCB in PRC; AI solution deployment in GCG region; ERP Infrastructure deployment at Fortune500 companies; TOP500 High Performance Computing projects at China Meteorological Administration & Taiwan Central Weather Bureau etc.
Mr. Lee has recently played Technical Advisor role to IBM China Standards Council, helping IBM China to monitor, feedback and comply with many evolving China Regulations. It does not only help IBM to safeguard our business in China, but also facilitate our customers to better understand China Regulations and to land their business in China with IBM as their Trusted Technology Partner.
With that, Peter Lee has been appointed to be the first Distinguished Engineer of IBM Systems in IBM Greater China Group since 2014.
Prof. Seen-Meng Chew is an Associate Professor of Practice in Finance and the Associate Dean for External Engagement at CUHK Business School.
Before joining CUHK in 2018, Prof. Chew was a Vice President at J.P. Morgan in Hong Kong, where he worked with the Vice Chairman of Asia Pacific to market China’s investment opportunities to senior international clients. Before Hong Kong, he worked as an economist at the Singapore offices of International Monetary Fund (IMF) and Morgan Stanley, analysing the economic policy and outlook of South East Asian countries. And prior to returning to Asia, he was a consultant at a prominent consulting firm, NERA Economic Consulting, in Chicago, where he advised multinational corporations on their international pricing strategies.
Passionate about higher education, Prof. Chew strives to incorporate his industry knowledge and experience into the classroom at CUHK, where he teaches current fintech trends, mergers and acquisitions, and global macroeconomic strategy. To maintain industry ties, he currently serves as an executive committee member of the Asia Pacific Structured Finance Association (APSA), and a non-executive Director at Actelligent Capital, an asset management firm.
His written work has been published in well-known business journals such as the Asia Asset Management Journal, The CAPCO Institute Journal of Financial Transformation, Financial Times, and the International Tax Review. He also has substantial lecturing experience at universities in the US, Hong Kong and Singapore, in economics and finance courses.
Prof. Chew received a PhD in economics from the University of Chicago in 2007, where one of his thesis advisors was Prof. Gary Becker – the 1992 Nobel Laureate in economics. He also holds an MPhil in economics from the University of Cambridge, and a BSc in economics from the London School of Economics.
The CUHK FinTech Seminar Series is co-organized by the CEFAR Academy and the Asia-Pacific Institute of Business (APIB). Industry practitioners are invited to campus to share their areas of expertise. We see the advantage of bringing together the academia and industry experts, providing a platform to carry out fruitful and productive discussions, encourage the exchange of ideas and promote future collaboration opportunities. CUHK students may also widen their exposure and receive some enlightenment in their career development. Speaker: Mr. Stephen Leung, Head of IT, Wealth and Personal Banking, Hang Seng Bank Speaker: John Richards, Distinguished Research Staff Member, Research,
Mar 30, 2021 (Tue)
Topic: Role of API and Data in FinTech Ecosystem
Mr. Michael Au, Assistant Director, Corporate Engagement, Strategic Partnership, The Hong Kong Science and Technology Parks Corporation
Jun 8, 2020 (Tue)
Topic: Transparency in Artificial Intelligence
The CUHK FinTech Seminar Series is co-organized by the CEFAR Academy and the Asia-Pacific Institute of Business (APIB). Industry practitioners are invited to campus to share their areas of expertise. We see the advantage of bringing together the academia and industry experts, providing a platform to carry out fruitful and productive discussions, encourage the exchange of ideas and promote future collaboration opportunities. CUHK students may also widen their exposure and receive some enlightenment in their career development.
Speaker: Mr. Stephen Leung, Head of IT, Wealth and Personal Banking, Hang Seng Bank
Speaker: John Richards, Distinguished Research Staff Member, Research,