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400+ FAST applications for new FinTech hire within a month since launch |
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Since Cyberport launched the FinTech Anti-epidemic Scheme for Talent Development
(FAST) in July to spur full-time new recruit, over 400 applications
have been received in which close to 150 were approved. Ranging
from fledgling start-ups to established FinTech enterprises, these
applications span such diverse FinTech segments as InsurTech, payments,
financial data analytics, and RegTech, involving jobs from junior to
middle level positions.
Feedback from some of the approved companies that successfully
recruited new staff is largely positive.
Local virtual insurer and Cyberport incubatee OneDegree
found the application process to be easy and smooth. “Our application
was promptly followed up by designated personnel after submitting the
relevant supporting documents and job details,” said Arthur Lee, the
company’s Chief Executive. “Our business has not been significantly
affected by the pandemic, rather, we are hiring more staff to meet the
market’s growing demand for digital insurance products.” Using FAST’s
subsidy, OneDegree has hired a product manager with traditional
insurance background, who was attracted by the prospects of virtual
insurance.
Another Cyberport start-up Mojodomo,
which operates a customer loyalty platform imbued with financial
technology, applied for the subsidy to hire an extra pair of hands to
help the company sustain its business. “We paused hiring after the
pandemic outbreak as we were concerned about COVID’s economic impact,
but decided to try FAST and our application was approved within three
weeks,” said Dennis Shi, Founder and CEO.
KeyChain Pay,
a community company at Hong Kong Science Park which develops a smart
rental payment platform, also hired a junior app developer to work on
its app and website leveraging the benefits of FAST.
Eric Chan, Chief Public Mission Officer of Cyberport said, “we are
glad that that the industry is responding favourably to this initiative
that offers timely and impactful support to FinTech companies large and
small during this challenging time. FinTech is making significant
contribution to Hong Kong’s economic development, and FAST will help
generate sustainable job opportunities and enrich Hong Kong’s FinTech
talent pool for the industry’s long-term growth.”
FAST will be accepting applications until 2 July 2021. Visit the FAST website for more details. |
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