FinTech Innovation Lab Grabs Global Presentation for Hong Kong Accelerator

The Asia-Pacific FinTech Innovation Lab is grabbing a global slate of startups for its upcoming Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term program beginning next month. Based in Hong Kong, seven startups were chosen to participate in the program, with firms hailing from Australia, Israel, India, Hong Kong and London. The firms include Bitspark, BondIT, Ironfly Technologies, Moroku, Sparro, Sybenetix and Uniken.

As part of the program, the seven startups will be receiving assistance in developing their technology as well as mentorship in marketing to the Asian market. Launched by Accenture in 2014, the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Innovation Lab of Hong Kong is the second class of the program. Expected to participate and provide guidance are Bank of America Merrill Lynch, China Construction Bank (Asia), China Citic Bank International, Commonwealth Bank of Australia, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Maybank, Morgan Stanley, Standard Chartered and UBS.

Among the firms, Bitspark and Sparro are creating payment networks using virtual currency technology. BondIT, Ironfly Technologies and Sybenetix are creating optimization products for the capital markets using big data and machine learning algorithms. Arriving from India, Uniken is involved with created digital security services. Of the firms, Moroku, is the sole fintech startup creating products aimed at end-user consumers.