Startups from across the globe presented innovations in financial technology at the latest edition of DBS' accelerator event staged in Hong Kong. For the fintech companies, taking part has its benefits.
The DBS accelerator is an initiative of DBS Bank (Hong Kong) and Nest, a global innovation platform. DBS selected 11 startups to demonstrate their financial technology solutions for compliance, customer engagement and cybersecurity, the bank said in a statement.
Potential investors were also on hand to survey the startups with participants from Hong Kong, Singapore, Israel, Switzerland, the U.K. and Australia. A list of the startups can be found here.
Digital Shakeup
Since the launch of the accelerator program in 2015, startups have benefited from more than $16 million in funding. As a result of their participation, all of the program’s startup alumni have gone on to secure funding support or have been able to expand their business in Hong Kong.
Singapore's largest bank has also adopted digital solutions to improve its services. It recently rolled out Southeast Asia’s first virtual banking recruiter – Jim.
