DBS Bank is opening a financial technology startup accelerator managed by Hong Kong venture capital firm Nest.
DBS and Nest are calling for FinTech startups to apply to the 12 week acceleration program.
Nest CEO commented:
We are proud to announce the opening of Hong Kong’s latest co-working space “The Vault” by DBS Bank, powered by us at Nest. The 5,000 sq ft space will be dedicated to FinTech innovation and host the companies accepted into the DBS Accelerator, powered by Nest.
The accelerator gives top FinTech startups access to 12 weeks of dedicated mentorship from Nest, DBS & leading industry experts, culminating in a large scale demo day.
Applications for the first startup intake close on the 1st of July, which is a public holiday in Hong Kong.
DBS is looking for FinTech startups in these areas.
- Artificial Intelligence
- Big data and analytics
- Banking infrastructure, workflow and operational management
- Mobility and payments
- Risk monitoring and management
- SME Banking Solution
In May, DBS hosted a hacking competition called the “DBS Blockchain Hack”