DBS Hong Kong is revamping its earlier program into a platform that matches its corporate clients’ problem statements with startups.
Dubbed Startup Xchange, the program will be rolled out in both Hong Kong and Singapore, allowing startups to build a sustainable business over time by tapping into the bank’s networks. The bank will serve as a reference to anchor clients while raising funds.
Brit Blakeney, innovation and ecosystem head at DBS Bank (Hong Kong), says: “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.”