The seven startups in this year’s programme are Flowcast, FOMO Pay, Hampen Technology, Mindlayer.io, NetGuardians, Playbasis and XinGuo Technology. They were selected from more than 150 applicants from around the world, including Hong Kong, Singapore, China, Thailand and the US.DBS Accelerator is a collaborative initiative between DBS Bank (Hong Kong) and Nest, the leading Hong Kong-based startup incubator and full-service ecosystem, and aims to create opportunities for innovators from across Asia and around the world to shape the future of finance.DBS Bank (Hong Kong) CEO Sebastian Paredes, said, “The landscape for financial innovation is evolving very rapidly. As an active participant in the FinTech ecosystem, we are committed to positive change in the way customers experience banking, and are excited to see the success of DBS Accelerator spurring a FinTech transformation.”Lawrence Morgan, CEO of Nest, said, “Accelerators play a critical role in the Asian startup ecosystem and in supporting innovation. Providing vast resources, mentor support and dedicated work and office space, DBS Accelerator was an immersive opportunity for seven high-potential FinTech companies from around the world to test their solutions and find validation in a commercial setting over a short time frame. We believe FinTech has the ability to go beyond mere disruption and make a tangible difference to the experiences customers have in using financial products and services.”
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Company
Country
Service
Description
1
Flowcast
US
SME lending
Big data analytics for trade finance products
2
FOMO Pay
Singapore
Payments
One-stop online and offline payment solution
3
Hampen Technology
Hong Kong
Computer vision and analytics
Facial recognition, people counting and customer analysis technology
4
Mindlayer.io
Artificial intelligence
AI-as-a-service (with Chinese language capability) for banking
5
NetGuardians
Risk monitoring and management
Enable banks to target specific anti-fraud regulatory requirements
6
Playbasis
Thailand
Gamification and data analytics
Enterprise grade gamification tool to provide games for banks to engage with customers
7
XinGuo Technology
China
Blockchain for supply chain financing
Blockchain as medium for "Smart Contract" on supply chain financing
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About DBS DBS - Living, Breathing AsiaDBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific.DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank has also been recognised for its leadership in the region, having been conferred “Asia’s Best Bank” by The Banker and Euromoney, and “Asian Bank of the Year” by IFR Asia. The bank has also been named “Safest Bank in Asia” by Global Finance for eight consecutive years from 2009 to 2016.DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 22,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
