HSBC has opened a new financial technology (fintech) innovation lab in Singapore to develop the next generation of digital and mobile banking services.
The innovation lab is located at the bank’s main premises at Collyer Quay and is staffed with a team of business and technology experts.
The lab will focus on the corporate banking needs in payments, trade and supply chain, particularly for companies with a regional focus.
The lab’s scope though will be subsequently expanded to cover the full range of HSBC services, including retail banking and private banking.
The lab will also assist in the development and testing of digital and mobile banking innovation projects of other ASEAN countries including Malaysia, Indonesia, and the Philippines.
HSBC group general manager and CEO of HSBC Singapore Guy Harvey-Samuel told AsiaOne: "The HSBC innovation lab will bring focus to the Singapore market on the global stage, harnessing, and showcasing its strong talent pool and technologies to take newly defined propositions to other markets and geographies."