Startups from Accenture’s FinTech Innovation Lab Asia-Pacific feature at Investor Day

During the recently held third annual FinTech Innovation Lab Asia-Pacific Investor Day, a select group of fintech companies demonstrated their products and services to dozens of top bank, venture capital and technology executives.

The eight companies in this year’s lab were selected by senior technology executives from participating financial institutions and have spent the past 12 weeks receiving intensive mentoring, product and business-development advice, and exposure to senior financial industry, technology and venture capital executives. These companies include:

• ChartIQ: The provider of securities-specific financial chart and data visualization products in HTML5.
   
• HedgeSPA: A predictive investment analytics platform that enables investment professionals to tap the internet to improve their performance.
   
• KYC-Chain: A startup that uses biometrics, emerging technologies and distributed ledger (blockchain) tech to streamline onboarding processes and provide consensus on identity.
   
• Lattice: A Hong Kong-based startup that has developed portfolio support software for investors, portfolio managers, risk managers and traders.
   
• Privé Managers: A completely integrated and comprehensive wealth and asset management platform powered by a proprietary bionic advisory engine.
   
• Seerene: The provider of insights, actionable analytics and transparency to improve efficiency and streamline costs.
   
• SIORK: A Tokyo-based startup that helps financial institutions evaluate customer data and detect criminal activities such as fraud and money laundering in both developed and emerging markets.
   
• TNG Wallet: The provider of an e-wallet for payment to merchants, person-to-person fund transfer, global bill payments, SIM card top-ups, foreign exchange transactions, and year-round cash withdrawal.

According to the official release, the startups have developed a range of innovations – from wealth management solutions that are precisely oriented to customers’ investment intents, know your customer (KYC) services that leverage blockchain technology and a fraud prevention program using algorithms based in Chinese-characters to help financial institutions flag risk.

Launched by Accenture in June 2014, the FinTech Innovation Lab is a 12-week mentoring program to enhance fintech innovation and drive high-tech job growth in Asia-Pacific by connecting startups with decision makers at some of the world’s leading financial institutions. This year’s Investor Day was held at Cyberport in Hong Kong.

“The startups that we are seeing typically have banking experience and understand the perspective of the banks or are passionate about a customer experience that they believe needs to be fixed, but it’s their enthusiasm and laser-sharp focus on a specific area that gives them deep-dive expertise that makes them so valuable to financial services companies”, said Jon Allaway, senior managing director, Financial Services at Accenture, and the executive sponsor of the FinTech Innovation Lab Asia-Pacific.

During the event, Herman Lam, Chief executive officer of Cyberport, announced that it would extend its agreement with Accenture to host the program on site for another three years.

“Cyberport has collaborated with Accenture since 2014 to foster a mentorship program for fintech startups,” said Lam. “This year we unveiled an entire new section, solely dedicated to fintech, in our Cyberport facilities, underscoring our ongoing and growing commitment to fintech in the Greater China region. We are committed to taking a leadership position in facilitating new business development in Hong Kong.”