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Accounting & Finance Finance and Compliance

Certificate for Module (RegTech)
證書(單元:合規科技)

CEF Reimbursable Course

CEF Reimbursable Course

Course Code
FN088A
Application Code
2180-FN088A

Credit
9
Study mode
Part-time
Start Date
11 Apr 2024 (Thu)
Duration
30 hours
Language
English
Course Fee
HK$9500
Deadline on 28 Mar 2024 (Thu)
Enquiries
2975 5767
2861 0278
Apply Now

Highlights

The programme aims to equip students with the latest knowledge in innovation and applications of regulatory technology (RegTech). Students will learn how RegTech transforms the financial industry and presents business challenges to the industry. The programme will cover contemporary financial issues, regulatory framework and the impacts of RegTech.
 

Programme Details

 Course Content:

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: 

  1. analyze the practice of technological innovations related to the RegTech and their significance in Hong Kong and worldwide;
  2. discuss the regulatory framework and legal issues around RegTech in financial sector; and
  3. examine the types of RegTech applications and their impacts in financial sector.

 

Speaker

Mr. SK Lee

sk

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
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
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
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
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
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
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.

 

Reference Materials:

AML Regtech: Network Analytics on May 23 from HKMA

 

Application Code 2180-FN088A Apply Online Now
Apply Online Now

Class Details

April 2024 Intake Schedule

Lecture

Date

Time

Location

1

11/04/2024 (Thur)

1900-2200

TBC

2

18/04/2024 (Thur)

1900-2200

TBC

3

25/04/2024 (Thur)

1900-2200

TBC

4

02/05/2024 (Thur)

1900-2200

TBC

5

09/05/2024 (Thur)

1900-2200

TBC

6

16/05/2024 (Thur)

1900-2200

TBC

7

23/05/2024 (Thur)

1900-2200

TBC

8

30/05/2024 (Thur)

1900-2200

TBC

9

06/06/2024 (Thur)

1900-2200

TBC

10 13/06/2024 (Thur) 1900-2200 TBC

Fee

Application Fee

HK$150 HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$9500

Entry Requirements

Applicants shall:

(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.

CEF

  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
Certificate for Module (RegTech)
證書 (單元:合規科技)
COURSE CODE 33C144042 FEES $9,500 ENQUIRY 2975-5767
Continuing Education Fund Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.

Certificate for Module (RegTech)

  • This course is recognised under the Qualifications Framework (QF Level [5])

Apply

Online Application Apply Now

Application Form Download Application Form

Enrolment Method
Payment Method
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.
3. VISA/Mastercard

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.

Notes

  • 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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