Bank of China and IBM Garage are launching China’s first global innovation lab, promising to make it a new and innovative model.
The aim of the collaboration is to focus on customer experience enhancement, business innovation, eco-system construction and cognitive technology deployment to speed up the Bank of China’s digital transformation.
Having already opened their first innovation lab in Singapore, IBM and Bank of China now plans to open five to eight new innovation labs around the world.
IBM Garage will empower the bank reach new insights and achieve new business outcomes by helping it leverage new technologies like AI, blockchain and the internet of things.
“Bank of China is committed to becoming a world-class bank with technology and innovation as the cornerstones of our vision,” said Wang Fang, branch president of Bank of China Singapore and general manager at Bank of China Innovation Lab Singapore. “We look forward to having IBM as our partner, because we believe that in addition to the assistance they offer with technological leadership and industry expertise, we can learn even more from IBM’s own transformation and innovative models.”
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