BOCHK Challenge 2021-22
Background:
The BOCHK Challenge, organized by Bank of China (Hong Kong), aims to explore the potentials , nurture talents of youngsters and create groundbreaking business models with innovative technological solutions. The theme of the challenge this year covered five of the most trending technologies in the market. By applying these technologies to the financial industry, students strived to improve customer experience and operational efficiency.
This year, more than 144 teams of college students and start-ups submitted their proposals. Teams were invited to attend workshops conducted by Deloitte and Alibaba about trends in financial technology and innovation. Shortlisted teams which were mentored by BOCHK, Deloitte and Alibaba experts competed for 7 awards and the winning teams were awarded HK$ 590,000 prizes in total.
Website / Image URL:
https://www.bochk.com/dam/more/bochkchallenge/2021/en.html
Award(s):
Gold Award for Innovative Design
Awardee(s):
Team name: Maldin Consulting
Miss Lai Hiu Chi Emily, BBA(IBGM), Year 1
Miss Wong Tsz Kiu, BBA(Law)&LLB, Year 1
Students Sharing:
“Maldin Consulting is honoured to stand out among 144 teams of college students and start-ups to win the Gold Award for Innovative Design in the “BOCHK Challenge 2021-22”. We hope that our AI financial advisor can be a breakthrough from the traditional industry framework, enhancing the operational efficiency of the bank. We aspire to provide the right service, to the right customers, at the right time.
We would like to thank the organiser, Bank of China (Hong Kong) (“BOCHK”), the Hong Kong Monetary Authority, Hong Kong Science and Technology Parks Corporation, Hong Kong Productivity Council, Deloitte China and Alibaba Cloud Intelligence for hosting this competition. We would also like to sincerely thank all BOCHK mentors and co-organizer experts, Garry for providing us with guidance on business innovation, financial technology applications, technology, presentation skills, etc. Thank you Gary for enlightening us with his perspective on digital solutions: “Banking is and always will be a business established by relationships. The purpose of technology in the end is to help humans serve humans better.”
Finally, I have to thank each and every one of my team members for their hard work. We would not be able to reach so far without any one of you. Your work ethic and persistence motivate me to always deliver my best.
This marks the end of our first year of undergraduate, we look forward to challenging ourselves in the years to come!”
(by Lai Hiu Chi Emily)
“My journey in the BOCHK Challenge had been extremely rewarding. I am immensely grateful for having some of the most amazing people as my teammates, Emily, Carina, Megan and CY. Their attitudes, talents and professional skills truly inspired me. We had worked days and nights striving for perfection. Even though we were only a group of year 1 students, our hard work eventually brought us success.
We were very fortunate to have the opportunity to learn from our mentor, Garry from Alibaba Cloud. He enlightened us by sharing the latest industry trends and telling us the essence of asset management is relationship building. At the end of the day, we as humans crave to be emotionally connected. The ultimate purpose of technology in business is to establish a deep and long-lasting relationship with the customers.”
(by Wong Tsz Kiu Jasmine)
