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HONG KONG,25 July 2016 -

Following the success of the inaugural DBS Accelerator in Hong Kong in 2015, DBS Bank (Hong Kong) today kicked off the second edition of the programme. The participating startups have been selected because of their vision and potential to shape the future of finance with innovative FinTech solutions in areas such as artificial intelligence, blockchain, gamification, and more.

The participating startups were selected from more than 150 applicants from around the world, including from Hong Kong, Singapore, China, Thailand and the US. They will follow in the footsteps of the inaugural batch of startups, many of which have successfully scaled up and expanded their business in Hong Kong as well as regionally and internationally, as a result of their participation in DBS Accelerator.

DBS Bank (Hong Kong) CEO Sebastian Paredes, said, “FinTech innovations in artificial intelligence, big data, blockchain and more are spurring many exciting breakthroughs that will shape the way consumers and corporations transact and interact. As an active participant in the FinTech ecosystem, we are very pleased to see DBS Accelerator helping innovative FinTech startups unlock their potential. We are committed to being an active participant in shaping the future of finance.”

Nest CEO Lawrence Morgan said, “We are excited to, once again, be partnering with DBS Bank in Hong Kong. We pride ourselves on delivering mentor-focused programmes to not only support corporates in their innovation goals but also to give entrepreneurs the chance to harness the power of the world’s biggest businesses. Yes, the education is important, but what really differentiates this corporate accelerator is the unprecedented access founders have to senior members of DBS and Nest, and to external industry mentors who have committed to supporting entrepreneurs during an important period of growth and commercial validation.”

About DBS Accelerator
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 state-of-the-art 5,000-square foot workspace in the heart of Wan Chai. DBS Accelerator kicks off with orientation week. 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 Accelerator is also supported by industry leading partners, including Amazon Web Services, Envestnet, Esri, Microsoft, IBM, InvestHK, KPMG, Softlayer, Yodlee and Thomson Reuters. Ovolo Hotels is the programme’s accommodation partner.

DBS was recently named World’s Best Digital Bank
DBS, which was recently named World’s Best Digital Bank by Euromoney, 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 Omni Credit Card Companion Mobile App, which features four major first-in-market innovations for a safe, secure and joyful banking experience for DBS credit card customers.

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. In another innovative first, SMEs in Hong Kong, including startups, can harness the power of the DBS BusinessClass programme to leverage a wide range of business opportunities. The programme, which includes the BusinessClass mobile app, provides members with access to industry experts, investors, fellow entrepreneurs, as well as to insightful news articles to help foster short-term and long-term business growth and success.

Photo Caption

DBS Bank (Hong Kong) today kicked off the second edition of DBS Accelerator at the Vault, with the participating startups, partners, mentors and representatives of DBS Bank (Hong Kong) and Nest.

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About DBS
DBS - Living, Breathing Asia
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 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 seven consecutive years from 2009 to 2015.

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.

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