Bangkok Bank is inviting FinTech companies from around the world to join the second cohort of its accelerator program.
To support the next wave of companies, the bank has teamed up with Nest, a corporate accelerator operator and seed and growth stage investor.
Bangkok Bank InnoHub Season 2 is a 12-week FinTech accelerator which will begin in November 2018 and end February 2019. The program will be held at Bangkok Bank and those in the cohort will access expert advice and support from dedicated mentors from within the bank, its venture capital division Bualuang Ventures and its corporate partner Nest.
Companies will also be able to work with other startups in the Bangkok Bank financial group.
Through the accelerator, the bank is hoping to develop products and services which can support the Thailand and Southeast Asia markets.
Bangkok Bank President Chartsiri Sophonpanich stated the new accelerator group will ‘go beyond FinTech’, and address creating unique customer experience, digitisation and automation, future SME solutions, innovative payment and discovering cutting edge technology.
Sophonpanich said, “We believe that encouraging world-class technology companies to build networks and partnerships in Thailand and across ASEAN will help to enhance Thailand’s broader financial ecosystem.
“This approach will help to drive an innovation mindset and strengthen internal working processes and culture between the bank and others in the ecosystem. We look forward to developing new initiatives through our direct engagement with the startups.”
The maiden program was held last year and was made up of eight FinTech startups, of which, Bangkok Bank is now working with a number of these for new solutions such as wealth management.
FundRadar, one of the companies in last year’s accelerator, has teamed with the bank’s subsidiary BBL Asset Management. This deal is aimed at building a BF mobile application which will let investors track market information and receive analysis.
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