Accounting & Finance Finance and Compliance
1. Introduction to RegTech
- Emergence of RegTech in financial world
- Technology innovations of RegTech
- How RegTech improves the efficiency and cost saving for business processes
2. Regulatory and Legal Issues around RegTech
- Global trends and government initiatives in RegTech
- Introduction to Hong Kong Monetary Authority’s Fintech Supervisory Sandbox
- Regulation vs privacy
- New compliances and new monitoring processes
- Compliance and regulatory risk
- Risk exposure and anticipating future threats
- The relationship between compliances and design of RegTech system
3. Regulatory Reporting and Stress Testing
- Benefits of leveraging Regtech solutions for regulatory reporting and stress testing
- Key considerations when adopting Regtech solution for regulatory reporting and stress testing
- Key implementation components for regulatory reporting and stress testing
4. Cloud-based Regtech Solutions
- Three service model types (Infrastructure as a service, platform as a service, and software as a service)
- Cloud strategy and common framework
- Key barriers or risks of adopting Cloud-based Regtech solutions for authorized institutions
5. AI and Machine Learnings in RegTech
- Big data processing techniques
- The use of text analysis and Optical Character Recognition (OCR)
- The operation on sentiment analysis
- Interpretation of data through various computational tools.
6. RegTech in Cyber Risk Management
- Potential cyberattacks and suspicious activities by using RegTech
- Multitude of behavioural information
- Behavioural biometric techniques
- Activity logs
- Robotic Process Automation (RPA)
7. RegTech in Credit Risk Management and Commercial Data Interchange (CDI)
- Manual verified processes, human errors and the inefficiency by using RegTech
- The use of data-driven estimation
- Supervised Machine Learning (SML)-based methods to streamline corporate loan underwriting
- Optical Character Recognition (OCR)
- Use of Big Data/Alternative Data in credit risk management
- CDI – consent-based data sharing infrastructure
8. RegTech in Financial Crime Compliance
- Prevention of crimes and fraud by using RegTech
- Holograms and facial recognition
- Transaction monitoring
- Application Programming Interfaces (API)
- Fraud detection
- Anti-Money Laundering (AML) / Counter-Financing of Terrorism (CFT) surveillance technologies
9. Supervisory Technology (Suptech) Adoption
- Proof-of-concepts (PoCs)
- PoC on the use of Robotic Process Automation (RPA) and Speech-To-Text (STT)
- Network analysis and sentiment analysis
Assessment method: Two Individual Written Assignments
Upon successful completion of the programme, students who have passed the two individual written assignments with attendance no less than 70% will be awarded within the HKU system through HKU SPACE a Certificate for Module (RegTech).
On completion of the programme, students should be able to:
- analyze the practice of technological innovations related to the RegTech and their significance in Hong Kong and worldwide;
- discuss the regulatory framework and legal issues around RegTech in financial sector; and
- examine the types of RegTech applications and their impacts in financial sector.
Mr. SK Lee
SK Lee is currently the Alternate Chief Executive of RD Wallet, a FinTech company providing innovative solutions for payments amongst local and overseas corporate customers, and eCDD solution. He is also the Board Director of RD ezLink – an innovative project under RD Technologies with an aim to solve pain points in CDD process faced by corporate customers and banks.
He is also acting as a Consultant in ZA International, which maintains various financial arms locally, including the first virtual bank in Hong Kong.
Before taking up the current roles, he was the Senior Executive in Business Development focusing on the Greater Bay Area, and the Head of Financial Crime Compliance in Hang Seng Bank Limited during 2014 to 2020, covering also Hang Seng China and other regulated financial subsidiaries in Hong Kong, Macau and Singapore. He also spent 9 years in Standard Chartered Bank (Hong Kong) Limited performing various compliance roles and the last position was the Head of Compliance in Retails Clients. During 1996 to 2006, he worked in the Hong Kong Monetary Authority in both Banking Supervision and Banking Policy Departments.
SK is a Certified Anti-Money Laundering Specialist (CAMS) and Certified AML Professional (CAMLP), and Fellow of the Hong Kong Securities and Investment Institute (FHKSI). He also holds Master degrees in Law (LLM, Common Law, CUHK), in banking (MSc Banking, CityU), and Asian Studies (MA, HKU), and Bachelor degrees in Public & Social Administration (BA(Hons) PSA, CityU) and Law (LLB, MMU, UK).
Mr. Mark Li
Mark Li is the Chief Product Officer, and the Global Head of Product and Partnership of KVB Global Capital, with more than 14 years of experience in Fintech, sales and client management; product and digital innovation; partnership and ecosystem development; risk and business management across cash management and trade finance. He has taken various senior leadership roles both locally in Hong Kong and regionally in Asia Pacific, and has been instrumental in developing HSBC’s regional sector strategy in Public Sector, overseeing their Global Standards Program in combatting business risks, running DBS’ shop in digital and pioneering the new product development for HK Fintechs. Mark Is also currently an Adjunct Assistant Professor for HKUST Business School Department of Information Systems, Business Statistics and Operations Management.
Mr. Savio Hui
Savio Hui is the EVP, Head of Risk & Compliance in RD Technologies, which is a FinTech company aims at addressing pain points in cross-border trade through the launch of an innovative payment solution “RD Pay”. He oversees risk management matters in the company from all aspects. Savio has 15+ years of experience as a risk professional. Previously, he was the Head of Technology Risk in ZA Bank, the first virtual bank in HK which launched business in March 2020. He serves as the 2nd line of defence for the bank overseeing technological risk management, and leads a team of professionals responsible for cyber resilience, threat intelligence, fraud risk handling, data privacy, business continuity and disaster recovery areas. Savio holds a Bachelor Degree in Laws from University of London and a Bachelor Degree in Electronic Engineering from City University of Hong Kong.
Ms. Millie Pau
Millie is the Alternate Chief Executive and Chief Compliance Officer for WeLab Bank. WeLab Bank is one of the first virtual bank established in Hong Kong. It is powered by WeLab Group – a leading fintech company in Asia. By creating seamless digital experience, WeLab provides financial services to over 50 million users across Hong Kong, Mainland China and Indonesia.
Leveraging on her 20 years’ experience in the banking and financial services industry, Millie has acquired hand-on knowledge in implementing laws and regulations and embedding corresponding controls in large organisations. Through her active participation in industry forums of banks, Millie has also gained considerable insights in respect of fraud monitoring and Regtech development.
Prior to joining WeLab, Millie was the Executive Director, Compliance, Greater China in Standard Chartered (Hong Kong) Limited. She had taken various senior executive roles in both Standard Chartered (Hong Kong) Limited and HSBC. Millie holds a master’s degree in laws and was a qualified solicitor (2002-2012) and has been an employed-barrister (since 2013) in Hong Kong.
Ms. Karen Kwok
Karen joined livi bank in 2020 as Head of Financial Crime Compliance, responsible for Anti-Money Laundering and Fraud Risk Management.
She has over 15 years of experience in the financial services industry. Prior to joining livi, Karen was Head of AML Compliance at WeLab Bank. Throughout her career in the financial crime compliance area, she has been dedicated to the use of Regtech and data analytics in the prevention and detection of financial crimes.
Karen is a Certified Anti-Money Laundering Specialist (CAMS) and holds a bachelor’s degree from the University of British Columbia (BSc) and a master’s degree from the University of Hull (EMBA).
Mr. Victor Lee
Victor Lee is currently the Head of Financial Crime and Money Laundering Reporting Officer|Compliance in Hang Seng Bank Limited, a bank widely recognized as the leading domestic bank in Hong Kong serving more than 3.5 million customers. Victor oversees all the financial crime risk related matters in the company, with his responsible areas include but not limited to financial crime investigations, anti-money laundering policy and framework, transaction monitoring, external and internal fraud detection and prevention, sanctions, anti-bribery and corruption, as well as surveillance. His oversight also covers Hang Seng China and other regulated financial subsidiaries in Hong Kong, Macau and Singapore.
Before joining the bank industry, Victor has gained extensive experience in local law enforcement agency and specialized in cross-border financial crime investigations.
Victor is a Certified Anti-Money Laundering Specialist (CAMS) and Certified AML Professional (CAMLP). He also holds a Master degree of Public Administration in HKU.
Mr. Henry Yu
Henry Yu is the Chief Compliance Officer of Airstar Bank Limited. Henry has over 20 years’ of experience with a focus on non-financial risk in both private and public sectors, including Regtech and digital finance sector. He has been working on various regional and local roles including MLRO, MIC of SFC and S72b Manager of HKMA for different financial institutions. Henry is also lecturing in the Department of Laws of The University of HK for its LLM classes.
Ms. Francis Choi
Francis Choi is the Head of Financial Crime Compliance of Bank of China Group Insurance with 23 years of experience working in Finance Crime Compliance, Anti-money laundering and Fraud investigation fields of insurers and banks across Asia Pacific. Francis specializes in Cross-border and complex fraud investigation, AML Investigation, FCC process optimization, and big data analysis application.
Ms. Becky Leong
Becky Leong is the head of Compliance of Mox Bank.
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Modules & Class Details
April 2024 Intake Schedule
Fee & Entry Requirements
HK$150 HK$150 (Non-refundable)Course Fee
- Course Fee : HK$9500
(i) hold a relevant bachelor’s degree awarded by a recognized university or equivalent; or
(ii) hold a relevant Associate Degree / Higher Diploma or equivalent, and have at least 2 years of related work experience.
Applicants with other qualifications will be considered on individual merit.
- The CEF Institution Code of HKU SPACE is 100
|Certificate for Module (RegTech)
|COURSE CODE 33C144042
|Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.
Certificate for Module (RegTech)
Online Application Apply Now
Application Form Download Application FormEnrolment Method
HKU SPACE provides 24-hour online application and payment service for students to apply to selected award-bearing programmes and to enrol in most open admission courses (courses enrolled on a first come, first served basis) via the Internet. Applicants may settle the payment by using either "PPS by Internet" (not available via mobile phones), VISA or Mastercard online. Online WeChat Pay, Online AliPay and Faster Payment System (FPS) are also available for continuing enrolment in the same programme, if online service is offered.
For first time enrolment
Complete the online application form
Applicant may click the icon on the top right-hand corner of the programme/course webpage to make online application, and then follow the instructions to fill in the online application form.
Some programmes/courses may admit by selection, and may require applicants to provide electronic copy of any required documents (e.g. proof of qualification) as indicated on the programme/course webpage. Only file format in doc, docx, jpg and pdf are supported.
Make Online Payment
Pay the application or programme/course fees by either using:
"PPS by Internet" - You will need a PPS account and a PPS Internet password. For information on how to open a PPS account and how to set up a PPS Internet password, please visit http://www.ppshk.com.
*Credit Card Online Payment - Course fees can be paid by VISA or Mastercard including the “HKU SPACE Mastercard”.
* HKU SPACE Mastercard cardholders who wish to enjoy 10-month interest free instalment scheme must pay their tuition fees in person at any of our HKU SPACE Enrolment Centres.
To know more about first-time online application/enrolment and payment, please refer to the user guide of Online Application / Enrolment and Payment:
For continuing enrolment in the same programme
Selected programmes offer online continuing enrolment service. Programme staff will inform students if they offer this service and offer further enrolment details.
Online Payment can be made via "PPS by Internet" (not available via mobile phones), VISA or Mastercard, Online WeChat Pay, Online AliPay and Faster Payment System (FPS)
In Person / Mail
For first time enrolment
For first come, first served short courses, complete the Application for Enrolment Form SF26 and bring or post the completed form(s), together with the appropriate application/course fee(s) and any required supporting documents to any of the HKU SPACE enrolment centres.
[Download Enrolment Form SF26]
Award-bearing and professional courses may require other information. Forms are usually available at the enrolment centres or on request from programme staff. Bring or post the completed form(s), together with the appropriate application/course fee(s) and any required supporting documents to any of the HKU SPACE enrolment centres.
For continuing enrolment in the same programme
The standard ‘Enrolment/Payment Slip’ is designed for students of award-bearing programmes or remaining programmes in a suite of programmes requiring continuing enrolment and it applies to most programmes.
Students should complete the “Enrolment/Payment Slip” which will be made available by relevant programme staff and return the slip to any HKU SPACE enrolment centre or post it to the relevant programme staff with appropriate fee payment.
Please refer to available Payment Methods for fee payment information. If you are in doubt about the procedures, please check the individual course details, or contact our programme staff or enrolment centres.
Please note the followings for programme/course enrollment:
- Applicants should not leave the online application idle for more than 10 minutes. Otherwise, applicants must restart the application process.
- Only Early Bird Discount is supported for Online Applicants (Application). To enjoy other types of discount, please visit one of our enrolment centres.
- During the online application process, asynchronous application and payment submission may occur. Successful payment may not guarantee successful application. In case of unsuccessful submission, our programme staff will contact you shortly.
- Applicants are reminded that they should only apply for the same programme/course once through counter or online application.
- For online enrolment, a payment confirmation page would be displayed after payment has been made successfully. In addition, a confirmation email would also be sent to your email account. You are advised to keep your payment confirmation for future enquiries.
- Fees paid are not refundable except as statutorily provided or under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment).
- If admission is by selection, the official receipt is not a guarantee that your application has been accepted. We will inform you of the result as soon as possible after the closing date for application. Unsuccessful applicants will be given a refund of programme/course fee if already paid.
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1. Cash, EPS, WeChat Pay Or Alipay
Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.
2. Cheque Or Bank draft
Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and the applicant’s name.. You may either:
- bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
- or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying “Course Application” on the envelope. HKU SPACE will not be responsible for any loss of payment sent by mail.
Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.
4. Online Payment
Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment for details.
- If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
- Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
- In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
- Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
- Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
- For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to "HKU SPACE" to any of our enrolment centres.
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