Inaugural DBS Accelerator Demo Day showcases FinTech innovation | 繁體

Hong Kong, 05 Nov 2015 - The founders of 10 FinTech startups from Hong Kong and around the world met hundreds of potential investors at the inaugural DBS Accelerator Demo Day, which was the finale of a three-month programme in Hong Kong designed to create opportunities for innovators from across Asia and around the world to shape the future of banking and finance.

The 10 DBS Accelerator startups demonstrated their products and services and made their pitches to possible investors at today’s Demo Day. Among their innovations were FinTech solutions in big data analytics, payments, risk management, security, P2P lending and more. The 10 startups were selected from nearly 140 applicants from around the world and include Tofu Pay, Currenxie, Apvera, Creditable, Dollar$mart, Monexo, Veridate, Xfers, Closir and SuperFluid Labs.

Summary of the startups are as follows (in alphabetical order):

#	CompanyName	Origin	Type of services	Product/ service summary
1	Apvera	Singapore	Information security	Leverages adaptive analytics to understand user behaviour and the interactions they have on the company’s network
2	Closir	UK	Investor Relations	A platform to connect global institutional investors to companies in emerging markets
3	Creditable	South Africa	Alternative Financing	A micro financing solution that connects corporations with financial institutions and banks to better serve employees
4	Currenxie	Hong Kong	P2P Forex	A platform providing P2P forex services to SMEs and corporations, and focusing on the most liquid andprofitable currency pairs
5	Dollar$mart	Thailand	Remittance	Delivers online and mobile international money transfer services for individuals and corporations
6	Monexo	Hong Kong	P2P Lending	An online marketplace for P2P lending in Asia bringing together lenders with borrowers
7	SuperFluid Labs	Kenya	Analytics	Offers analytics and product recommendations using alternative forms of data found in emerging markets
8	TofuPay	Hong Kong	Online Payment	Creates simple and efficient payment solutions adapted to the specific needs of Asian merchants
9	Veridate	Hong Kong	Fund Administration	Implements and maintains the highest level of automation throughout the entire process for fund administration services
10	Xfers	Singapore	Online Payment	A payment solution that helps businesses automate the payment process with an easy-to-use Application Programming Interface (API)

DBS Accelerator is a collaborative initiative between DBS Bank (Hong Kong) Limited and Nest, the leading Hong Kong-based startup incubator and full-service ecosystem. The intensive accelerator programme is housed in “The Vault”, a newly renovated and state-of-the-art 5,000-square foot workspace in the heart of Wan Chai. The participating startups have access to vast resources and mentor support, and are guided through their business growth and development with the help of business mentoring from DBS Bank (Hong Kong) Limited and Nest senior executives as well as other partners. Each participant will refine their business model under the accelerator programme, which concludes with the Demo Day, where their ideas can find support to further scale up.

DBS Bank (Hong Kong)’s Managing Director, Head of Technology & Operations, Hong Kong & Mainland China, David Lynch, said, “Our first batch of 10 FinTech startups has helped make the DBS Accelerator programme an exciting platform for innovators and entrepreneurs to thrive, take the industry forward and signal positive change in the future of customer experience in banking. Hong Kong has a rich ecosystem of support for startups. DBS Accelerator is extending our capability to positively shape the future of banking, and well beyond our own internal innovation efforts. We are pleased to be able to help these companies test and refine their business models and scale up. The amazing support from our partners, including some of the world’s largest and most innovative technology companies, has been exceptional.”

Nest CEO Simon Squibb said, “These 10 startups have such a bright future ahead of them and we are proud that our platform has been part of their journey. FinTech is on the minds of every financial institution and, over the coming years, we expect the industry to undergo some fundamental changes. Our companies now have an opportunity to be at the forefront of a global financial shift. For the founders, Demo Day is all about getting their pitch spot on. With so many high-profile investors and industry experts in the room, impressing and securing their backing is the ultimate stamp of approval.”

DBS Bank (Hong Kong) Limited has and continues to invest considerable resources to drive innovation and digital banking, with many notable examples of first-in-market and award-winning initiatives to effectively realise a seamless and joyful customer experience. Among them is the DBS Loan Centre mobile application, a first-in-town innovation that enables the entire loan application process to be completed within one minute using a smartphone virtually anywhere and at any time for a truly breakthrough banking experience. The first-in-market ec-Loan mobile application was also recently launched to enable our SME Relationship Managers to efficiently conduct the in-principle loan approval during the client meeting, which is a first in Hong Kong. Under the iPad-enabled ec-Loan mobile application, the credit scorecard of the ec-Loan programme is converted into a mobile application, transforming the traditional paper-based approval process into a real-time digital one. As a result, Relationship Managers are able to provide an in-principle loan offer within one hour, instead of 4-5 days via the traditional approach.

DBS Bank (Hong Kong) Limited is also promoting an innovative and digital mindset among employees. The bank successfully piloted its first Greater China hackathon, with participation from about 75 talented employees from Hong Kong, China and Taiwan.

Photo Captions

Photo 1: The founders of 10 FinTech startups from Hong Kong and around the world met hundreds of potential investors at the inaugural DBS Accelerator Demo Day.

Photo 2: The inaugural DBS Accelerator Demo Day was a chance for the founders of the 10 FinTech startups to pitch their businesses and ideas to potential investors.

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About DBS
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DBS 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 has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

DBS provides a full range of services in consumer, SME and corporate banking activities across Asia. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. These market insights and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. 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 21,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.