Standard Chartered bank announced that Supercharger FinTech Accelerator 2.0 has reached the final milestone and the successful outcomes of the program has enabled international growth-stage fintech companies to expand their operations within Asia.
The announcement was made during SuperCharger FinTech Accelerator 2.0 Demo Day that marked the completion of another 12-week program from first fintech accelerator that is dedicated to both start-ups and scale-up global fintech companies, aiming to capture the growth markets of Asia.
“Standard Chartered is proud to partner the Supercharger FinTech Accelerator Program, which gives us the opportunity to team up with the brightest technology companies in our Asian footprint and to deliver the best service to our clients. We are delighted that the program is taking place in Hong Kong, a key market for us, giving promising fintechs a springboard to the rest of Asia,” Shameek Kundu, Standard Chartered’s Global Head of Data, Technology Strategy and Innovation, said.
Standard Chartered bank has initiated Proof of Concept projects with two companies that include RegTech by utilizing distributed ledger technology and robo-advisory for wealth management.
The success of the fintech accelerator has been attributed to the strong partnership with corporate backers for designing the selection process to be demand-led by concrete business cases.
“Such an achievement highlights the effectiveness of SuperCharger as a sustainable model for facilitating dialogues between the decision makers of the financial industry and the forward-thinking techpreneurs from startups, which ultimately leads to the advancing of the fintech ecosystem in Asia,” Veronika Kuznetsova, SuperCharger’s Managing Director, explained.
Standard Chartered stated that the SuperCharger FinTech Accelerator 3.0 will open for applications in the summer of 2017 that will enable emerging fintech companies to scale across Asia region.
