Category: FinTech

OCBC Open Vault accelerator’s first cohort results in pilots for 3 startups

Singapore: OCBC Bank’s fintech accelerator programme, the Open Vault, will pilot tests with three start-ups – Fincast, BondIT and CogniCor.
The tests involve wealth management and artificial intelligence (AI) solutions and will begin in the fourth quarter of this year, and will last for three months.

Pitney Bowes Accelerator Program Inducts Six Startups in India

India: Pitney Bowes, a global technology company that provides innovative products and solutions to power commerce, has named six startups to the summer session of the Pitney Bowes Accelerator Program.

IBM to open first blockchain innovation centre in Singapore

Singapore: In the first collaboration of its kind with the EDB and the MAS, IBM researchers will work with government, industries and academia to develop applications and solutions which are based on enterprise blockchain, cyber-security, and cognitive computing technologies.

PayPal launches its incubation programme in Singapore with 3 fintech startups

Singapore: Online payment company PayPal has launched its first startup incubation programme in Singapore with three financial technology, or fintech startups selected. The nine-month programme will offer the startups coaching and mentorship by PayPal executives and other experts, as well as networking opportunities.

Societe Generale launches Catalyst, a startup accelerator program in India

India: Societe Generale recently launched CATALYST – a startup accelerator program, with a view to leveraging the rich ecosystem of Indian startups.

Axis Bank launches ‘Thought Factory’, a Fintech innovation lab

India: Axis Bank, India’s third largest private sector bank announced the launch of ‘Thought Factory’ an innovation lab facility aimed at accelerating the development of innovative technology solutions for the banking sector.

DBS to Start Innovation Lab in India

India: DBS Bank is looking to use India as a technology innovation hub, working in tandem with the yet-to-to-open lab in Singapore.

Barclays’ Rise accelerator programme to be run by Zone Startups in Mumbai

India: Zone Startups will be managing Barclays’ Rise accelerator programme in Mumbai. Rise is a global fintech innovation platform that Barclays’ recently announced it would be rolling out in India.

Leonteq opens new innovation lab in Singapore

Singapore: The lab at Asia Square, opened in partnership with Singapore’s Economic Development Board (EDB), will foster fintech research and development for the benefit of the financial services sector.

Visa opens innovation centre in Singapore

Singapore: As the first innovation centre in Asia, the Singapore centre will also operate as a commercial gateway for Visa’s clients, partners and developers from across the world to extend their service offerings into Asia.

Standard Chartered opens Innovation Lab in Singapore

Singapore: The new lab builds upon Standard Chartered’s Silicon Valley tech hub, SC Studios, which monitors technology trends and works to connect the bank’s business units with fintech startups, entrepreneurs and universities.

OCBC enters fintech arena with Open Vault

Singapore: The Open Vault at OCBC, as the unit is known, will bring in fintech start-ups to use the bank’s database and interfaces to test and develop new ideas into solutions. It will focus on wealth management, credit and financing, insurance, cyber security and artificial intelligence.