AMTD & Xiaomi Finance Pours S$ 5M in Fintech Programme with Singaporean Universitiesby Fintech News Singapore June 18, 2020
AMTD Group, Xiaomi Finance, Singapore Management University (SMU) and the Institute of Systems Science at the National University of Singapore (NUS-ISS), jointly launched the ‘AMTD-Xiaomi-SMU-ISS Digital Finance Leadership Programme’ (“AXSI Programme”) today at a virtual signing ceremony.
This programme is designed with the intention of strengthening Singapore’s leading position as a fintech and innovation hub by deepening the knowledge and ability of senior finance and regulatory leaders, as well as fintech entrepreneurs in Asia in the areas of digital business transformation and digital finance, enabling them to harness digital financial solutions and services to drive business excellence.
The AXSI Programme leverages the strengths of its four partners – AMTD’s leadership and network of resources in digital financial services and AMTD SpiderNet eco-system; Xiaomi Finance’s deep experience in digital technology services, consumer IoT and innovations; SMU’s expertise in digital finance, law and governance and track record of delivering leadership programmes; as well as NUS-ISS’ expertise in cybersecurity and artificial intelligence.
In addition to the five-day executive programme in Singapore, participants of the AXSI Programme will undergo two days of learning journeys in Hong Kong and Beijing, hosted by AMTD and Xiaomi Finance, respectively.
They will be able to gain first-hand knowledge and insights into the FinTech development at both companies, and the opportunities available in the two cities.
During their five days in Singapore, the learning sessions will comprise curated content drawn from Asia focusing on the topics of new financial ecosystem, financial innovation, sustainability and green finance, fintech solutions and cybersecurity.
Beyond fintech related topics, participants will also learn and share the best practices of various issues in a post-Covid-19 world, including being responsible and responsive leaders.
Mr. Calvin Choi, Chairman and CEO, AMTD Group and Founder, AMTD Foundation, said,
“AMTD has been a long-time supporter of Singapore’s FinTech community and endeavours to contribute to Singapore’s continuous role as an international FinTech centre. AMTD Digital, the digital arm of AMTD Group headquartered in Singapore, leverages its “fusion-in” strategy and AMTD’s SpiderNet ecosystem to enable and empower entrepreneurs as well as support talents’ cultivation and up-skills in Singapore. We are glad to continue supporting the Lion City’s talents and provide continuous education and business connectivity opportunities in Singapore and beyond through this Digital Finance Leadership program.”
Mr. Shouzi Chew, Senior Vice President, President of International, Xiaomi Corporation, said,
“Together with our long time partner AMTD Group, Xiaomi is excited to be part of this programme in Singapore. We look forward to sharing our experience as a technology and internet company, and opening our supply chain and FinTech ecosystem to FinTech leaders in Singapore. It’s our honour to participate in this programme, and help strengthen their leadership skills and understanding of the leading technologies to boost the competitiveness of Singapore’s FinTech ecosystem.”
AMTD and Xiaomi Finance will contribute a total of S$5 million to support the AXSI Programme. The contribution will enable SMU and NUS-ISS to build the relevant curriculum and teaching resources, as well as support the cost of managing and organising this Programme. Part of the contribution may also be used to fund scholarships to attract the most outstanding candidates from the public sector to join the AXSI Programme.
The AXSI Programme, which will have two runs each year, will welcome its first cohort of participants in November this year. Each run will have up to 25 participants. The inaugural run has been designed to coincide with the Singapore FinTech Festival, which brings insights from global thought leaders, showcase innovative solutions, and engage entrepreneurs, investors and innovators from around the world. Participants of the inaugural AXSI Programme would be invited to the Festival.