PRESS RELEASE • 28 NOVEMBER 2018
Bangkok Bank announces eight outstanding global FinTech startups to join Bangkok Bank InnoHub Season 2
Bangkok Bank is joined by its corporate innovation partner Nest and Bualuang Ventures to bring eight FinTech startups to Bangkok for its second accelerator programme - Bangkok Bank InnoHub Season 2. Selected from 128 applications from 28 countries across the globe, the 8 startups will kick off the programme in December.
Bangkok Bank President Chartsiri Sophonpanich said that the bank sees partnerships with FinTech startups as complementary to its own services and systems. “During the second season of Bangkok Bank InnoHub we will work with high-potential startups which have innovative products and services that can help us effectively meet our business needs.”
“Under the concept of ‘Inspiring Change – Unleash the Potential’, Bangkok Bank and Nest will provide an intensive mentoring programme to the startups using our expertise in the local business environment and financial services. This will help them to unleash their full potential and turn innovative ideas into practical solutions.”
Over the course of 12 weeks, the successful eight teams will join a comprehensive, uniquely designed accelerator programme. The startups will also have a chance to work with other companies in the Bangkok Bank financial group and the opportunity to raise funding through the bank’s business networks.
The FinTech startups that will join Bangkok Bank InnoHub Season 2 are:
Antworks (Singapore): An Intelligent Automation Platform that ingests and processes structured and unstructured data to create new, cost-effective business models for enterprises.
Pand.ai (Singapore): A smart chatbot that allows customers to ask questions and receive answers accurately. Its artificial intelligence algorithm allows the bot to learn continuously to offer personalised responses based on prior interactions and questions asked.
EYWA Media (Singapore): Provides a cross screen platform connecting offline to online channels through various channels such as digital, mobile, TV and offline stores. The platform captures real-time data online and offline, tracks customer visits at branches through beacons, performs customer targeting with a segmentation engine and delivers marketing messages to the appropriate channel.
Pymlo (Thailand): Cloud-based accounting solutions to SMEs, including invoice management, inventory management, book keeping and reporting.
Vymo (India): A personal assistant app for enterprise sales / service teams. It predicts what a representative/manager should do next, detects whether this has happened and links this to downstream metrics to drive better predictions.
Sepulsa (Indonesia): A bill payment aggregator, enabling payment of mobile recharges and bills for major e-commerce players. It also works with Telco distributors to digitise distribution of prepaid mobile recharges with an app.
Jumper.ai (Singapore): A platform that enables social commerce merchants to better serve their customers via an embedded channel without the need to navigate customers through to a separate website or to download an app.
CryptoMove (United States): A cybersecurity product that fragments data and moves it around to keep it secure, making it virtually impossible for hackers to do anything with it.
“Bangkok Bank InnoHub Season 2 will help to drive an innovation mindset and culture within the bank. We also aim to strengthen our internal working processes and encourage the exchange of ideas with others in the ecosystem. Through our direct engagement with the startups we look forward to developing new innovative products and services suitable for the Thailand and Southeast Asia markets while supporting our commitments as a leader in digital banking services,” added the Bangkok Bank President.
Nest Chief Executive Officer Mr. Lawrence Morgan said,“We are extremely excited to partner with Bangkok Bank again to bring world best-in-class FinTech companies to the booming startup ecosystem in Thailand. We see a huge potential for international startups to scale in Thailand given the support from Bangkok Bank, the ecosystem and the government. We look forward to introducing the founders to Thailand and supporting their commercial goals through the programme.”
Bangkok Bank InnoHub invited FinTech startups from around the world to apply for the programme, focusing on five main themes – Creating Unique Customer Experience, Digitisation and Automation, Future SME Solution, Innovative Payment and Discovering Cutting Edge Technologies.
The 12-week intensive accelerator programme will be held between December 2018 and February 2019 at Bangkok Bank’s Head Office. At the Demo Day in February 2019, the startups will present their solutions and business plans to Thai and international investors among other ecosystem partners.
Connect · Collaborate · Scale
Nest operates corporate accelerator programmes, invests in seed to growth-stage startups, and runs an entrepreneurial community called Mettā. Nest has built an innovation ecosystem to connect the fast-growing markets of Asia, the Middle East, and Africa.
With a mission to empower great entrepreneurs to change the way we live, Nest provides access - for startups to scale and commercialise; and for corporates to foster innovation. Since 2015, over 140 startups have been accelerated via Nest’s corporate and government programmes across a broad range of industry sectors.
About Bangkok Bank
Bangkok Bank is one of Southeast Asia’s leading regional banks with total assets of USD 95 billion as of September 2018. Thailand’s market leader in corporate and business banking, it has an extensive retail customer base of more than 16 million customer accounts and a nationwide network of more than 1,100 branches.
Bangkok Bank’s international branch network covers 32 overseas locations in 15 economies, including 16 branches in nine ASEAN countries.