23 June 2017
download the report now

Fintech Innovation Lab lands in Hong Kong

12 June 2014  |  9085 views  |  0 Hong kong modern buildings 5

Accenture has teamed up with some of the world's biggest banks to bring its Fintech Innovation Lab to Asia Pacific.

Already well-established in New York and London, the Fintech Innovation Lab offers startups the chance to participate in a 12 week programme designed to help them accelerate their product development and gain exposure to industry bigwigs.

Asia Pacific-based firms working in areas such as big data and analytics, mobile and wireless, payments, risk management, security, and social media, can apply during July to take part in the Hong Kong programme.

The applicants will then be whittled down by a panel of bank executives to seven participants. These will make their way to Hong Kong in September for 12 weeks of mentoring by banking executives who will help them fine-tune and develop their technologies and business strategies through a series of workshops, panel discussions, user-group sessions, networking opportunities, one-on-one meetings and presentations.

The programme culminates in December with an investor day presentation by participants in front of an audience of financial industry executives and potential investors.

Sushil Saluja, senior MD, Asia Pacific financial services practice, Accenture, says: "Hong Kong's role as a regional hub for the banking industry and the gateway for China investment made it an ideal location to launch our new Asia-Pacific Lab. By fostering the development of the next generation of financial technology companies, the Lab will further strengthen Hong Kong's status as one of the world's leading financial capitals."

The banks backing the event are Bank of America Merrill Lynch, Bank of China (Hong Kong), Barclays, China Construction Bank (Asia), DBS, HSBC, JP Morgan, Morgan Stanley, Ping An and UBS.

Since launching in 2010, the New York Lab has seen its 18 alumni companies raise more than $76 million in venture financing; one participant was acquired for $175 million. The London arm - launched in 2012 - has seen participants raise $10 million.

Separately, FinCapDev, a US mobile app development competition for startups building financial inclusion tools, has named its 10 finalists. These firms will now go through to a demo day in October where they will face the judges in a bid to win a share of $100,000 prize fund.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclays unveils fintech accelerator startups

Barclays unveils fintech accelerator startups

11 June 2014  |  14480 views  |  0 comments | 27 tweets | 10 linkedin
MasterCard launches European incubator programme for commerce startups

MasterCard launches European incubator programme for commerce startups

07 May 2014  |  9079 views  |  0 comments | 12 tweets | 13 linkedin
Yodlee partners incubators to catalyse fintech innovation

Yodlee partners incubators to catalyse fintech innovation

25 April 2014  |  6999 views  |  0 comments | 9 tweets | 7 linkedin
Start-up support seen as critical to future of London fintech scene

Start-up support seen as critical to future of London fintech scene

11 April 2014  |  7420 views  |  2 comments | 13 tweets | 5 linkedin
Startupbootcamp launches fintech accelerator programme

Startupbootcamp launches fintech accelerator programme

06 February 2014  |  10091 views  |  0 comments | 11 tweets | 10 linkedin
EC unveils accelerator to give tech start-ups helping hand

EC unveils accelerator to give tech start-ups helping hand

24 January 2014  |  5075 views  |  2 comments | 10 tweets | 6 linkedin
Barclays Bank kicks off fintech accelerator programme

Barclays Bank kicks off fintech accelerator programme

09 December 2013  |  10712 views  |  0 comments | 23 tweets | 10 linkedin
Applications open for FinTech Innovation Lab London

Applications open for FinTech Innovation Lab London

05 August 2013  |  5727 views  |  0 comments | 7 tweets
Fintech start-ups get chance to wow Wall Street

Fintech start-ups get chance to wow Wall Street

12 July 2013  |  8741 views  |  0 comments | 4 tweets | 7 linkedin
Level39: A place for 'grow-ups'

Level39: A place for 'grow-ups'

09 May 2013  |  8494 views  |  0 comments | 6 tweets | 2 linkedin
Boris Johnson opens Canary Wharf fintech 'accelerator space'

Boris Johnson opens Canary Wharf fintech 'accelerator space'

19 March 2013  |  6262 views  |  0 comments | 8 tweets | 2 linkedin
Fintech start-ups get chance to show off innovations to Wall Street

Fintech start-ups get chance to show off innovations to Wall Street

22 July 2011  |  11193 views  |  0 comments
Bank CIOs and VCs rally behind New York fintech innovation programme

Bank CIOs and VCs rally behind New York fintech innovation programme

03 December 2010  |  8583 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.www.fisglobal.comvisit www.response.ncr.com

Top retail banking topics

Most viewed Most shared
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8687 views comments | 17 tweets | 27 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
8540 views comments | 4 tweets | 5 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
7813 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7666 views comments | 8 tweets | 25 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job