Standard Chartered recently opened its second «eXellerator» innovation lab in Hong Kong which will focus on developing solutions for its corporate, commercial and institutional banking clients.
Located in the central business district, the new lab differs from the first eXellerator based in industrial district Kwun Tong, which was launched last year and focuses on solutions for the retail banking business.
The new lab will leverage emerging technologies and be «a focal point for engagement with the stakeholders of the Hong Kong fintech ecosystem» including regulators, government-backed organizations, business partners, clients and technology companies, Standard Chartered said in a statement.
«Hong Kong is not only Standard Chartered’s largest retail market, it is also where some of our most important corporate commercial & institutional banking clients reside and where there is a vibrant ecosystem for technology and innovation,» added Alex Manson, global head of Standard Chartered’s SC Ventures – a unit that focuses on fintech investments and innovations which backs the eXellerator project.
«The new eXellerator lab location in Central gets us to the heart of it and we look forward to many more engagements and partnerships.»
