Macao has been cultivating the Specialised Finance for the last few years. With the new government administration on board, a few exciting Financial Services initiatives are being explored and will soon be launched. AI is inevitably one of the key FinTech areas that Macao needs to support the Macao CE’s vision to transform Macao into a Digital Macao.
I am going to deliver a webinar on AI for Financial Services for the Faculty of Finance, the City University of Macau on May 14, 2020. Financial institutions and Financial Technologies (FinTech) startups are using AI and Machine Learning methods to assess credit quality, to price and market insurance contracts, and to automate client interaction. Some of these companies are optimising scarce capital with AI and machine learning techniques, as well as back-testing models and analysing the market impact of trading large positions. Financial services companies are using these technologies for regulatory compliance, surveillance, data quality assessment, and fraud detection. I will explore more on the webinar.
Here are more information for the webinar: https://lnkd.in/g6YArVm
Contact me if you would like to know more about Macao and explore more opportunities in Macao.
Macau gets into the next decade with great opportunities. It was not said for no reason.
The new government will start on 20 December 2019. It will be led by a great leader Ho Iat-seng who has extensive experience in various industries and a strong relationship with the mainland and Asia. In addition, all casinos are required to renew their licenses by 2022. The policies of the Greater Bay Area from the Central Government will be provided more support to Macau. Portuguese-speaking countries, such as Portugal and Brazil, provide good access to their home markets plus countries in Europe and Latin America. More are being explored like RMB Clearing, Stock Exchange, Green Financing, Smart City, MICE, etc. Certainly, there are challenges to be resolved by the new administration together with the business and academic leaders in Macau.
In the past few years, I have been contributing to the government, business and academic communities in Macau especially on innovation and Technology (FinTech, AI, Big Data, Smart City ), Entrepreneurship, Talent Development, and Training areas.
If you are interested in sharing your knowledge and contributing your expertise with Macau or if you have ideas or plans to leverage these opportunities in Macau, please feel free to contact me for potential collaboration. Let’s nurture Macau to be another great and smart city in the Greater Bay Area and contribute to improving the quality of lives and economy in the region.
Here are some of the snapshot photos taken in my engagement with Macau societies.
Not just Shenzhen and Hong Kong are active in innovation and technology industry, so is Macau. Macau has released their Smart City plan and is working on cloud, smart transportation, smart health and so on.
I have met with the 3 major universities in Macau, including Macau University of Science and Technology (MUST), Macau City University (MCityU) and University of Macau (UMAC), to exchange ideas. For instance, MUST has set up an institute on Blockchain, MCityU has started their Faculty of Finance with focus on FinTech, and UMAC has a number of Data Science initiatives. I also shared my FinTech experience with the graduate Finance programme students of MCityU. They were very eager to learn FinTech.
I also visited the core innovation and technology as well as FinTech parties in Macau. It includes the Science and Technology Development Fund (FDCT), Macau Young Entrepreneur Incubation Center, Monetary Authority of Macau and Macau Institute of Financial Services, etc.
With the rapid development of the Greater Bay Area, opening of the bridge connecting Macau, Hong Kong and Zhuhai, the upcoming license renewal of Macau casinos, there will be more opportunities evolved for I&T companies.