23 October 2017

Hong Kong fintech accelerator sets up shop in Malaysia

11 August 2017  |  8935 views  |  0 Go!

Hong Kong's SuperCharger fintech accelerator is moving to Malaysia with the support of founding partner Standard Chartered Bank, Allianz Malaysia and the country's Digital Economic Corporation (MDEC).

SuperCharger was first launched in Hong Kong in 2015 to discover, train and scale promising fintech companies focused on Asia. To date, 16 companies have undergone the programme, which has delivered 12 proof of concepts (PoCs), contracts and pilots.

The move to Malaysia comes as financial regulators in the country loosen restrictions in the banking market to encourage competition from new entrants. Bank Negara Malaysia (BNM) admitted start-ups into its regulatory sandbox for the first time earlier this year and the Securities Commission continues to push for supportive regulation on new innovations, like equity crowdfunding. Moreover, Malaysian authorities are showing growing interest in how to become a conduit for financial innovations in Sharia-compliant fintech services.

Standard Chartered’s global head of data, technology strategy and innovation, Shameek Kundu says: “Malaysia is a key market for us and has established itself as a global centre for Islamic finance. These initiatives give us the opportunity to uncover the brightest fintech companies which will help us deliver the best finance solutions for our customers.”
ChannelsSTART UPS

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

Standard Chartered supercharges fintech accelerator graudates

Standard Chartered supercharges fintech accelerator graudates

25 April 2017  |  8420 views  |  0 comments | 4 tweets | 7 linkedin
Standard Chartered and Fidelity to SuperCharge top startups

Standard Chartered and Fidelity to SuperCharge top startups

07 November 2016  |  5298 views  |  0 comments | 5 tweets | 4 linkedin
Standard Chartered partners with Baidu to 'SuperCharge' fintech innovation

Standard Chartered partners with Baidu to 'SuperCharge' fintech innovation

12 January 2016  |  8833 views  |  0 comments | 25 tweets | 11 linkedin

Related company news

 

Related company information

Standard Chartered Bank

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comRegister nowvisit www.atos.net

Top innovation topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
18625 views comments | 24 tweets | 36 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14934 views comments | 23 tweets | 31 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10820 views comments | 12 tweets | 23 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job