Eight fintech companies are beginning a 12-week mentorship program in the third annual FinTech Innovation Lab Asia-Pacific. The start-ups have developed a range of innovations – from wealth management solutions, know your customer services and fraud prevention. The selected start-ups will receive mentoring to help them develop and commercialize their innovations and connect with potential customers. At the end of this year’s program, five of the eight participants will be selected to present their concepts to potential investors and financial industry executives.
Launched by Accenture in Hong Kong in June 2014, the FinTech Innovation Lab Asia-Pacific is a collaboration between Accenture and twelve financial institutions: Bank of America Merrill Lynch, BNP Paribas, Commonwealth Bank of Australia, Credit Suisse, Generali, Goldman Sachs, HSBC, J.P. Morgan, Maybank, Morgan Stanley, Sun Life Financial and UBS. In addition, supporting banks include: China CITIC Bank International, China Construction Bank (Asia), Macquarie, Nomura, Standard Chartered, Siam Commercial Bank, Societe Generale, Sumitomo Mitsui Financial Group (SMFG).