Applications extended for McKinsey Youth Leadership Academy in Malaysia

02 May 2018 Consultancy.asia

Applications for McKinsey’s coveted Youth Leadership Academy programme in Malaysia have been extended to the 13th of May in response to this year’s overwhelming interest.

Aiming to equip ambitious young Malaysians with the skills required to become the innovative leaders of tomorrow, the McKinsey Youth Leadership Academy has through a schedule of projects, seminars, and coaching sessions provided guidance and mentorship to a select group of 50 lucky participants per year.

This year, the selection will be even more difficult, with the programme receiving an ‘overwhelming’ number of applications and requests – so much so, that the Academy has now extended the application deadline to midnight on the 13th of May. And the competition for spots among Malaysian undergrads will likely be tough, with selection based on a combination of personal achievements, leadership experiences, communication skills and overall academic record.

The Academy states; “we are looking for candidates who have demonstrated strong leadership potential, personal drive, and a passion and energy for making a difference in our community and country. It does not matter what field you are currently studying (law, engineering, accounting, interior design, etc) as we are interested in your leadership potential, strong sense of achievement, and track record of wanting to be a leader and making a change.”Applications extended for McKinsey Youth Leadership Academy in MalaysiaConsisting of a mix of one-day workshops, lectures and coaching sessions delivered by a range of leaders – this year including Leo Chon, an analyst in energy insights with McKinsey in Singapore, and Shi Khai, a McKinseyite with a background in biology and the start-up community – the 12-week immersive programme features at its centre a group project in the field of social entrepreneurship. Notable past projects have ranged from paper-recycling initiatives to organ-donation drives.

And the social entrepreneurship focus of the Academy programme has in turn inspired its graduate future leaders. “Before YLA, I didn’t think I had it in me, now I’m determined to make a difference,” said 2013 alumna Nurul Amalina Che Ariffin, who has since founded a youth leadership platform Chili Padi Academy and followed her passion by training at a law firm for human rights. “More than anything, YLA gave me the confidence to believe in myself,” she adds.

Li-Kai Chen, Partner with McKinsey in Malaysia, agrees with the sentiment that the programme can deliver broader benefits to the community beyond simply the corporate. “Whether you’re talking about a company or a country, we know from our work with clients that leadership capability is really important to unlocking performance improvement,” she said. “We are helping to develop leadership capability for the countries in which we work, and we are continuously inspired by these passionate youth leaders.”

Accenture Fintech Innovation Lab applications open for Asia Pacific

08 April 2019 Consultancy.asia

With over half a billion dollars raised by its alumni to date, Accenture’s FinTech Innovation Lab is back for another round in the Asia-Pacific.

Applications have now opened for the Asia Pacific edition of Accenture’s FinTech Innovation Lab, a 12-week accelerator programme for promising fintech start-ups which has seen over $1.5 billion raised in venture financing globally for its graduating alumni to date – a third of that for just 41 participating companies in the Asia Pacific. Both early and growth-stage fintechs are eligible to apply, with submission closing in May.

Launched in New York in 2010 before spreading to London and Hong Kong, the FinTech Innovation Lab is described as a collaborative, non-sales environment which brings execs from leading financial institutions together with aspiring fintech start-ups for mentorship, guidance and advice – augmented by a series of workshops and panel discussions covering areas such as procurement, technology architecture, and industry trends.

This year’s principal participating financial institutions include BlackRock, Morgan Stanley, Standard Chartered, Goldman Sachs, J.P. Morgan and Credit Suisse among many more leading names from the banking and investment realm, while Elzio Barreto, Accenture’s Financial Services Media & Analyst Relations Lead for APAC will serve as a mentor alongside experts from Deutsch Bank, Stott Advisory and CBA International among others.Accenture Fintech Innovation Lab applications open for Asia Pacific

“There’s now widespread acceptance that the best way forward for banks and fintech startups is to collaborate where possible, creating big ecosystems that will help unlock huge value for all stakeholders, particularly consumers,” said Piyush Singh, Accenture Managing Director for Financial Services in the Asia Pacific and MENAT, with the firm noting a shift in focus between fintechs and traditional firms over the past 18 months, “from competition to collaboration.”

“We’ve already seen banks, insurers and wealth managers partner with fintechs here in Asia, but the outlook for further collaboration and the resulting value creation is what’s making investors more comfortable to spread their bets more widely,” Singh continues. “That’s a big focus for the Innovation Lab, instigating this sense of partnership between well-established financial firms looking for the next breakthrough technology and nimble startups eager to test their solutions and push them to market.”

With the APAC Innovation Lab now entering its sixth cycle, Accenture also notes the recent global surge in fintech investments, which doubled in 2018 to over $55 billion, led by a wave of funding to mainland China. “The Lab’s geographical proximity to the mainland makes it particularly suitable for Chinese start-ups, especially for those like ours looking to expand abroad,” said Li Hao, co-founder of Chinese unicorn Wecash – which was among the Lab’s first intake in 2014.

For the 2019 edition, senior business and operations executives from the Lab’s participating financial partners will select up to ten applicants to take part in the programme, with fintech entrepreneurs developing cutting-edge products, services and technologies invited to apply. Kicking off in August, the 12-week programme will culminate in an Investor Day where particpants can showcase their technology to finance executives, investors and the media.