Ten startups have completed FinTech Innovation Lab Asia-Pacific 2017, the Hong Kong-based accelerator formed by Ireland-headquartered professional services company Accenture, and demonstrated their technology at an investor day.
Launched in 2014, FinTech Innovation Lab Asia-Pacific is a 12-week scheme that gives financial technology growth-stage startups access to mentoring, working space, and weekly workshops and panel discussions.
The hub has partnerships with a range of financial services firms including HSBC, JP Morgan and Credit Suisse. Executives from partner firms provide mentorship and attend the investor day at the end of the program.
The startups that made up the 2017 batch include:
Blocko, a South Korea-based blockchain infrastructure provider that enables clients to share data with third parties in a safe, efficient manner;
CoverGo, a Hong Kong-based platform that consolidates insurance policies from different providers and analyses them to highlight gaps in coverage;
FutureFlow, a US-based developer of software that enables financial institutions and regulators to collaborate, while protecting customer confidentiality;
KapitalWise, a US-based micro-investment platform that uses machine learning and predictive analytics for retail users of financial institutions;
MicroUmbrella.com, a Singapore-based micro-insurance buying, managing and claiming platform that offers on-demand protection;
Red Pulse, a Hong Kong-based market intelligence platform covering China’s economy and capital markets;
Sherlock Garden, an Israel-based developer of software for financial services companies that can automatically detect compliance, ethics and confidentiality breaches;
Starling, a US-based developer of augmented risk intelligence tools that use behavioural science to help financial services firms manage culture and conduct-related risks;
Stash, a Singapore-based healthcare billing platform that provides a single portal for patients, healthcare providers and insurance companies; and
Tymbals, an Australia-based startup that has created a probability network to calculate enterprise risk.
Piyush Singh, a managing director at Accenture, said: “The financial institutions in Hong Kong are supportive of working with fintech startups to help address new challenges ranging from how best to adopt blockchain technology to how to fend off cybercrime.
“We are also seeing increased interest from the investor community in the companies we select for the program.”