Tag: Banking

Kotak Mahindra Bank starts Innovation Lab

India: The fourth largest private sector bank – Kotak Mahindra Bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups

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.

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.

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.

UOB sets up innovation lab, explores crowdfunding

Singapore: Under this programme, some 30 fintechs will be offered up to S$30,000 of funding, a working space, software access, and mentorship from UOB bankers. Through each three-month cycle of building and pitching of products, 10-15 UOB staff are expected to take part.

HSBC launches fintech innovation lab in Singapore

Singapore: HSBC has launched a financial technology (Fintech) innovation lab in Singapore that enables the bank to work collaboratively with corporates in developing the next generation of digital and mobile banking services.