Tencent Companions with The Asian Institute of Electronic Finance to Spearhead Fintech Innovations in Asia

Creating deeper abilities and making leadership pipeline to aid the requirements of electronic money expert services in the region

SINGAPORE, Nov. 8, 2021 /PRNewswire/ — Tencent announced at the Singapore Fintech Festival 2021 that it will be partnering with the Asian Institute of Digital Finance (AIDF), an institute in the Countrywide College of Singapore (NUS) that is jointly launched by The Monetary Authority of Singapore (MAS), the National Investigation Basis (NRF) and NUS. Underneath the partnership, Tencent Economical Technologies (In good shape) and AIDF will collaborate in the locations of study, schooling, and entrepreneurship to far better support Asia’s quick-increasing electronic finance business.

The two functions will collaborate to convey considered leadership to the fintech group and create fintech management pipeline in the area. In addition to organising sector events and bespoke coaching systems, the areas of collaboration will also include:

• Growing understanding expertise in Fintech Analysis: Tencent In good shape and AIDF will carry out study into deep-tech alternatives that will tackle authentic-earth problems. The research will target on areas these kinds of as cross-border payment for the continued expansion of the market and the rewards of the society.

• Producing the Fintech expertise pool in Singapore: Tencent Healthy and AIDF will give curated instruction and advancement initiatives for employees as properly as internship programmes for AIDF’s students.

• Driving innovations in Asia’s Fintech scene: An yearly investigate challenge competitiveness will be jointly launched for AIDF college students and taking part fintech start-ups beneath the AIDF incubator programme.

“The fintech landscape is getting incredible momentum in the region because of to electronic acceleration in new a long time. By our partnership with AIDF, we want to aid Asia’s wise metropolis initiatives by nurturing the upcoming generation of abilities with international views, as effectively as to generate fiscal innovations and management in the fintech business,” claims Forest Lin, Company Vice President of Tencent and President of Tencent Fiscal Engineering. “We are dedicated to partnering with area regulators, study establishments and organizations to look for ground breaking options to challenges and to assist enterprises continue to be aggressive in and outside of their marketplaces.”

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“The joint initiatives with Tencent are meant to nurture the subsequent generation of fintech leaders and contributors in the location with both technical understanding and field expertise. The collaboration will also help advance reducing-edge electronic economical systems, pushing Asia’s Fintech frontier ahead.” states Duan Jin-Chuan, Government Director, Asian Institute of Digital Finance, National University of Singapore.

In latest years, Asia has developed into just one of the innovation hotspots of the fintech revolution. In accordance to data from the most recent EY World FinTech Adoption Index survey, Asia has retained its worldwide management in fintech adoption, with Singapore attaining a 67% adoption rate. In the earlier two several years, buyer use costs of fintech-powered solutions have doubled throughout important Asia marketplaces. As Asia pushes the envelope on improvements for digital transformation, the partnership amongst Tencent In good shape and AIDF will travel the improvement of the region’s financial services field through tailor-built programmes and co-sharing of know-how.

About Tencent

Tencent takes advantage of engineering to enrich the life of Online consumers.

Our communication and social services, Weixin and QQ, join buyers with each individual other and with digital content material and companies, both equally on line and offline, building their life much more effortless. Our targeted promoting provider allows advertisers reach out to hundreds of hundreds of thousands of customers in China. Our FinTech and business enterprise services aid our partners’ business enterprise growth and assist their digital improve.

Tencent invests heavily in expertise and technological innovation, actively marketing the advancement of the Net market. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.HK) are mentioned on the Main Board of the Stock Trade of Hong Kong.

About The Asian Institute of Electronic Finance

The Asian Institute of Digital Finance (AIDF) is a university-degree institute in the Countrywide College of Singapore (NUS), jointly launched by The Monetary Authority of Singapore (MAS), the Nationwide Investigation Basis (NRF) and NUS.

AIDF aspires to be a assumed chief, a FinTech information hub, and an experimental website for producing digital fiscal systems as effectively as for nurturing present-day and long term FinTech researchers and practitioners in Asia.

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