Enabling a secure tomorrow - Accelerating development of of cyber-safe community
AMTD Foundation and AMTD Digital, a subsidiary of AMTD Group with headquarters in Singapore (collectively “AMTD”), the University of Waterloo, iQ4 and the Singapore FinTech Association (SFA) have signed a Memorandum of Understanding (MOU) to establish the @-WISE Cybersecurity Centre of Excellence with Singapore as its permanent base. Knowledge advisor and supporting organisations for this platform include Ernst & Young Advisory Pte. Ltd. (EY), HK Cyberport fully owned by the HK Government, AMTD Charity Foundation, and Infinity Power. This new partnership builds on AMTD’s collaboration with the University of Waterloo and the SFA, including the University of Waterloo-AMTD Innovation Hub in Hong Kong, AMTD Waterloo Global Talent Postdoctoral Fellowship Program, and AMTD-SFA Global FinTech Fellowship Programme, to groom and develop the local entrepreneurs and strengthen their long-term competitiveness, as well as to cultivate research talents and develop world-class scholars in the waves of globalisation.
The @-WISE Cybersecurity Centre of Excellence aims to raise the awareness of the importance of cybersecurity among digital platforms, FinTechs, financial institutions, and other sectors in Singapore, as well as grow and groom cybersecurity talents, and build a cybersecurity ecosystem in response to the escalating cybersecurity threats experienced by many organizations in light of global digitalization. The @-WISE Cybersecurity Centre of Excellence will promote Singapore as an international hub for cybersecurity in the digital era and contribute to Singapore’s vision as a Smart Nation.
MAS-SFA-AMTD Fintech Solidarity Grant
The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA) and AMTD Foundation (AMTD) have established a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant to support Singapore-based FinTech companies amid the challenging business climate caused by the COVID-19 pandemic. The Grant will help the FinTechs manage their cashflow better, support them in generating new businesses, and provide greater support for FinTechs to pursue growth strategies.
SFA is the grant administrator and will review and assess the applications
The AMTD ASEAN-Solidarity Fund will support APIX-registered ASEAN FinTechs through this pandemic through two programmes:
The Grant comprises two components:
- S$1.5 million Business Sustenance Grant (BSG). Eligible Singapore-based FinTech firms can receive a one-time grant for up to S$20,000 to cover day-to-day working capital expenditures, such as salaries and rental costs. The short-term assistance will help FinTech firms sustain their operations and retain their employees. The BSG is fully funded by AMTD’s contribution.
- S$4.5 million Business Growth Grant (BGG). Eligible Singapore-based FinTech firms can receive up to S$40,000 for their first Proof of Concept (POC) with financial institutions on the API Exchange (APIX) platform, and S$10,000 for each subsequent POC, subject to a total cap of $80,000 per firm for the entire duration of the grant. The BGG enables these companies to continue to innovate in partnership with financial institutions and create opportunities for growth. The BGG is jointly supported by AMTD and MAS.
In addition, the BGG will provide funding for the salaries of undergraduate interns, capped at S$1,000/month per intern. This grant will support around 120 interns in the FinTech sector, assuming an average internship duration of 3 to 5 months. We hope to encourage FinTech firms to continue to offer internships and develop the local FinTech talent pipeline.
FinTech firms can apply for both BSG and BGG if they fulfil the eligibility criteria for both grants. SFA will administer and review the grant applications.
AMTD, Xiaomi Finance, SMU and ISS launch digital finance program
AMTD-Xiaomi-SMU-ISS Digital Finance Leadership Programme provides in- depth digital business transformation and finance perspectives for senior leaders in Singapore and beyond
AMTD Group, Xiaomi Finance, Singapore Management University (SMU) and the Institute of Systems Science at the National University of Singapore (NUS-ISS), jointly launched the ‘AMTD-Xiaomi-SMU-ISS Digital Finance Leadership Programme’ (“AXSI Programme”) on 18 June 2020 at a virtual signing ceremony graced by Mr. Sopnendu Mohanty, Chief FinTech Officer of the Monetary Authority of Singapore.
This unique programme will strengthen Singapore’s leading position as a FinTech and innovation hub by deepening the knowledge and ability of senior finance and regulatory leaders, as well as FinTech entrepreneurs in Asia in the areas of digital business transformation and digital finance, enabling them to harness digital financial solutions and services to drive business excellence.