China’s Tencent partners with Asian Institute of Digital Finance to boost Fintech in Asia

China’s Tencent partners with Asian Institute of Digital Finance to boost Fintech in Asia

The partnership aims to develop deeper capabilities and build leadership pipeline to support the needs of digital financial services in the region.

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Tencent and the Asian Institute of Digital Finance will collaborate in the areas of research, education, and entrepreneurship to better support Asia’s fast-growing digital finance industry. Through industry events and bespoke training programmes, the partnership aims to:

  • Expand knowledge expertise in Fintech Research: Tencent FiT and AIDF will conduct research into deep-tech solutions that will address real-world problems. The research will focus on areas such as cross-border payment for the continued growth of the industry and the benefits of the society.
  • Develop the Fintech talent pool in Singapore: Tencent FiT and AIDF will offer curated training and development initiatives for employees as well as internship programmes for AIDF’s students.
  • Drive innovations in Asia’s Fintech scene: An annual research challenge competition will be jointly launched for AIDF students and participating fintech start-ups under the AIDF incubator programme.

Asia has grown into one of the innovation hotspots of the fintech revolution. According to data from the latest EY Global FinTech Adoption Index survey, Asia has retained its global leadership in fintech adoption, with Singapore attaining a 67% adoption rate.

“The fintech landscape is gaining tremendous momentum in the region due to digital acceleration in recent years. Through our partnership with AIDF, we want to support Asia’s smart city initiatives by nurturing the next generation of talents with global perspectives, as well as to drive financial innovations and leadership in the fintech industry,” said Forest Lin, Corporate Vice President of Tencent and President of Tencent Financial Technology.

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