Australian Bank Expands Fintech Reach

Kelly Bayer Rosmarin, Group Executive, Institutional Banking and Markets at Commonwealth Bank Australia

Commonwealth Bank of Australia has launched an Innovation Lab in Hong Kong and announced plans to launch an Innovation Lab in London later this year.  

This innovation network is a natural extension of the Bank’s successful Innovation Lab in Sydney and creates a global approach to innovation that connects customers, employees and start-up communities to the latest FinTech developments. 

«Hong Kong’s highly developed financial sector, strong entrepreneurial culture and proximity to China makes it the optimal location for us to establish an innovation presence in Asia,» said Kelly Bayer Rosmarin, Group Executive, Institutional Banking and Markets at Commonwealth Bank Australia, in a statement on Tuesday.

Partnering with start-ups and Fintech community

The Hong Kong Lab’s three main zones encourage collaboration and drive experimentation. 

The incubation garage space helps cross-functional project teams work together on bringing ideas to life. 

The collaboration hub encourages co-creation with clients to find bespoke solutions, deep dive into specific challenges and test prototypes. 

The usability room provides clients with a live testing facility and the latest eye-tracking technology to improve their digital platforms.

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