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HKMA offers ups subsidy for fintech practitioner

The Hong Kong Monetary Authority (HKMA) is offering 1,500 places in a fintech practitioner training scheme with a maximum subsidy of HKD25,000. This is aimed at promoting the professional development of fintech talent and expanding the fintech talent pool. Residents who work for HKMA-licensed institutions and have obtained one of six professional qualifications under the enhanced competency framework on fintech after completing the training and exam can be reimbursed up to 80 percent of training costs, subject to a HKD25,000 cap. Institutions must have sponsored staff for the training and exams, and then submitted applications to the Institute of Bankers within three months after staff have attained the qualifications. HKMA chief executive Eddie Yue said the subsidies will increase the incentive for banking practitioners to pursue professional development.

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