Innovative FinTech solutions to enhance how banks digitally onboard customers, engage customers with gamification, monitor compliance and manage risk, as well as impactful ways to leverage cybersecurity, are key areas of focus as DBS Accelerator kicks off the second wave of applications under a new “always-on” programme format.
DBS Bank (Hong Kong) and Nest, a global innovation platform supporting entrepreneurs, are creating opportunities for innovators across Asia and around the world to transform the digital agenda via the successful DBS Accelerator programme. Under the new “always- on” programme format, DBS Accelerator will host startups year round to continuously help strengthen the bank’s key transformational journey. Participating startups will have the chance to explore collaborative opportunities with the bank.
Applications from FinTech startups are now welcome via www.dbs-accelerator.com, where more details of the programme are available. The deadline to submit applications for review is 22 January 2018.
DBS Bank (Hong Kong) CEO Sebastian Paredes, said, “The rapid pace of financial innovation is spurring many exciting breakthroughs that are transforming the way customers experience banking. Through the successful DBS Accelerator programme, we are actively shaping the future of banking as an active participant and partner in the FinTech ecosystem.”
Nest CEO Lawrence Morgan said, “We believe in startups and corporates working together to drive the future of banking. The programme creates the opportunity for startups to validate and commericalise their solutions through a uniquely structure and collaborative approach. It’s truly an exciting time to be at the forefront of this technology-driven transformation.”
About DBS Accelerator
DBS Accelerator is a collaborative initiative between DBS Bank (Hong Kong) Limited and Nest, a global innovation platform supporting entrepreneurs. The “always -on” accelerator programme is housed in “The Vault”, a state-of-the-art 5,000-square foot workspace in the heart of Wan Chai. Participating startups have access to vast resources and mentor support, and are guided through their business growth and development.
DBS Accelerator is also supported by industry leading partners, including Amazon Web Services, Bird & Bird, HKUST Business School, IBM, InvestHK, and Thomson Reuters. Ovolo Hotels is the programme’s accommodation partner.
DBS named World’s Best Digital Bank
DBS, which was 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.
In another groundbreaking industry first, SMEs in Hong Kong can easily open business accounts with DBS without ever having to set foot in the bank’s branches. The “Meet Online” Business Account Opening Service marks an innovative, first-of-its-kind breakthrough that transforms the traditional business account opening process for SMEs into a seamless and engaging online experience that can be completed anytime and anywhere. “Meet Online” eliminates the hassle of scheduling face-to-face meetings at bank branches during office hours by enabling SME customers to meet with the bank's relationship manager and complete the due diligence process via video conferencing.