HSBC recently revealed that it is offering the Oxford Fintech Program to staff, “in first partnership of its kind between the University and the banking sector.”
One of Europe’s biggest banks, HSBC, is joining forces with Saïd Business School, University of Oxford, “to help train thousands of employees across all areas of its business in the latest financial technology (fintech) developments.”
The pace of growth of fintech, which includes cryptocurrency and blockchain, over the last few years, “means organizations need to upskill their employees, beyond those who directly work in digital and technology roles.”
The aim of Fintech 101, a new Custom Executive Education program specifically designed for HSBC, will “give foundation knowledge of the emerging technologies and how to use them.”
As a result, staff right across the bank “will be better positioned to develop and provide new digital customer products and services.”
This is “the first partnership of its kind between the University and the banking sector.”
Eleanor Murray, Associate Dean for Executive Education at Oxford Saïd, commented:
‘We are seeing increasing demand for training in this space, as businesses work to keep up with the fast-changing world of financial technology. Our Fintech 101 will help give HSBC staff the knowledge to leverage technology and develop new digital products and services for their customers. I am delighted Oxford Saïd, is partnering with HSBC to bring this programme to life.’
Steve Suarez, Global Head of Innovation, Global Functions at HSBC, said:
“Across the bank, we are making significant investments in the latest technology to develop innovative products and services for our customers. The pace of change being driven by technology in the financial services industry is rapid, so we want a broad cross section of employees, beyond our specific digital teams, to have a strong level of fintech understanding.”
Rita Martins, Head of Fintech Partnerships, Global Functions at HSBC, added:
“A strong relationship between HSBC and fintech companies helps us to provide more forward-looking solutions to our customers. The Oxford Saïd Business School programme is a key element of the training we offer to enable employees right across the bank to gain deeper knowledge of the fintech economy, so that they can identify and develop new opportunities.”
FinTech 101 is “based on the Oxford Fintech Program.”
Selected content has been “drawn from online programs, to include up-to-date, and relevant examples, specifically on digital disruption and platforms, as well as AI and open banking.”
Steve Suarez, Global Head of Innovation, Global Functions, HSBC reportedly took part in a Q&A session for an event “hosted by the Oxford Future of Finance and Technology Initiative.”
Data Driven Innovation in Finance took place at Oxford Saïd “on Wednesday 8 June 2022, from 15:00 to 16:00.”
For more details on this update, check here.