Singapore's fintech accelerator The FinLab makes a foray into an ASEAN country to assist the growth and digitalisation of local SMEs.
The FinLab, a Singapore-based innovation accelerator powered by United Overseas Bank (UOB), is expanding into an ASEAN market, bringing along small and medium enterprises (SMEs) fintech and technology expertise – and region-wide network to scale up SMEs.
The FinLab «Smart Business Transformation» program in Thailand will assist the growth and digitalisation of local SMEs, according to a press invitation sent out. This marks the first entrance of a Singaporean accelerator programme into an ASEAN nation.
Milestone Achievement
A press briefing will follow on Thursday. This follows a similar successful programme in Singapore earlier in August, where The FinLab marked a milestone achievement of the programme for 11 SMEs in Singapore.
Ten technology companies were selected to run pilots with the SMEs. Currently, all 11 participating SMEs are working to digitalise their businesses using these technology solutions with some in pilot phase.
