The Hang Seng University of Hong Kong – Secondary School FinTech Innovation Competition 2023 invited Form 4 and Form 5 students to bring innovative ideas to FinTech applications. This event served as a platform for students to showcase their creativity, problem-solving skills, and industry awareness, empowering them to become future leaders in the financial landscape.
Theme: Financial Techonology
Let’s bring your innovative ideas to the FinTech applications.
Background
At present, there are many different financial service applications on the market, but do the secondary school students have any new ideas to design some applications that are not on the shelf or improve the existing applications on the market, so that citizens can use financial services more easily on their mobile devices? Present your innovative ideas with a pitch for about 15-20 minutes together with the help of PowerPoint presentation to win the great prize and experience!
The Hong Kong Monetary Authority (HKMA) has unveiled ‘FinTech 2025’, its new strategy for driving FinTech development of Hong Kong. It outlines a new FinTech strategy aimed at encouraging full technology adoption in the financial sector by 2025 and promoting fair and efficient financial services for the benefit of Hong Kong citizens and the economy. And earlier than “FinTech 2025”, the HKMA announced seven initiatives in September 2017 to move Hong Kong into a new era of smart banking. To develop an open API framework is one of such initiatives. This is an excellent to promote FinTech literacy across generations to let the youth expose to the digital environment as early as possible.
Competition Details
Targeted Student
Form 4 and Form 5 secondary school students.
Awards and Prizes
Each participant will be issued a certificate of Achievement, which will also be of high reference value for future admission to The Hang Seng University of Hong Kong.
Champion: Cash Prize of HK$5,000
1st runner up: Cash Prize of HK$4,000
2nd runner up: Cash Prize of HK$3,000
Merit: Cash Prize of HK$1,500
Competition Format
Online Registration
A maximum of two teams from each school.
Each team (3-4 team members) was required to fill in an online application form and upload identification document* of each team member during online registration.
*Soft copy of a full time local student identity proof that is issued by a local secondary school in Hong Kong.
A registration notice with team number was sent to the registrants after submitting the online form. The team number was used for the online submission of competition entries.
Briefing Session
The briefing sessions were held on 30 April 2023 (Sunday).
Competition format, details and judging criteria were introduced in this session. All registered teams sent at least one team member to attend the session.
The briefing session was followed by a webinar about FinTech.
Entry / Presentation Submission
Presentation PowerPoint or slides (either in English or Chinese) had to be submitted on or before 23:59 09 June 2023 (Friday).
Coding / programming was not a must in this competition.
Final Presentation and Award Presentation Ceremony
Six Finalist Teams were invited to The Hang Seng University of Hong Kong to present their ideas, and the judging panel scored on the spot.
Students presented their ideas either in English or Cantonese.
Details of Final presentation and Award Presentation Ceremony:
Date: 30 June 2023 (Friday)
Time: 14:00-18:00
Venue: The Hang Seng University of Hong Kong
Attendance of the whole team was required.
Given 15-20 minutes for each presentation, each team conducted their entire presentation within the time limit in any form.
The presentation was immediately followed by a 5-minute Q & A session with the judging panel.
Winners, as well as the finalists and the rest of the participating teams were invited on stage to accept their awards and certificates.
Awarding Criteria
Submitted designs were considered for their degree of innovation, aesthetic qualities, choices of medium, and usefulness. The FinTech innovation aspect was given the most weight. The FinTech application designs were selected according to the ease of use, interactivity and interaction content, easy to learn, functionality and emotional aspects of the interface.
Judging Panel
Enquiries
Interested in participating or learning more? Contact us at fintech@hsu.edu.hk or visit our Competitions and News and Events pages for updates.