DBS Hong Kong launches Startup Xchange to partner Startups for FinTech future | 繁體
Startup Xchange to match bank with FinTech startups to co-create business solutions
Rolled out in both Hong Kong and Singapore, Startup Xchange will source the world’s best and most suitable startups to co-create solutions with the bank on a continuous basis to address business problem statements in real time. This model allows startups to tap into the bank’s networks to build a sustainable business for themselves over time. The startups will also be able to showcase their solutions developed for DBS and also name DBS as their anchor client while raising funds.
Brit Blakeney, Innovation and Ecosystem Head at DBS Bank (Hong Kong), said, “Fostering a dynamic global ecosystem of collaborative FinTech startups based on targeted business problem statements, as well as opportunities, is key to helping us reimagine and shape the future of banking. Startup Xchange is a natural extension and evolution of DBS Accelerator, and is a win-win for both the startups and DBS Hong Kong, as we are able to explore and solve business ideas together in real time.”
Since the successful launch of DBS Accelerator in 2015, over US$16 million in funding has been raised, with all of the programme’s startup alumni successfully securing funding support or expanding their business in Hong Kong as a result of their participation. DBS Bank (Hong Kong) has successfully completed proofs of concept with many startup alumni, including FinChat, Perx Technologies, HyperAnna and Squirro.
Startups interested in joining Startup Xchange can find more information at www.dbs.com/startupxchange .
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About DBS
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for ten consecutive years from 2009 to 2018.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 26,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.