Bangkok Bank InnoHub, the first global FinTech taccelerator in Thailand, has showcased innovations and real-use cases from the programme’s eight finalists to the public, potential investors and others in Thailand’s innovation ecosystem on Demo Day.
The eight startups, which were selected from 128 applicants across 28 countries, have all passed a “real use-case” with Bangkok Bank, meaning that everyone has demonstrated how their technology can be used to benefit the bank’s customers and improve the bank’s systems.
Bangkok Bank president Chartsiri Sophonpanich said the evolution of Bangkok Bank InnoHub demonstrated how the bank was creating new opportunities within Thailand’s innovation ecosystem for startups working in FinTech and other innovative technologies.
“Bangkok Bank is keen to strengthen its position as an innovator in Thailand by building on the success of last year’s InnoHub Season 1,” said Chartsiri. “We learned from our experience working with the startups last year. We saw an opportunity to add more value to the ecosystem, expanding our focus beyond FinTech to include solutions that solve a wider range of problems and by working with more mature startups with an existing track record.
“Our programme is unique because it focuses on the business application of technology. We give them the opportunity to test usability and feasibility, run pilots, develop solutions for their products and services and enter negotiations with potential investors. At the beginning of the 12-week programme we connect the startups with bank teams so they are focused on developing viable and usable products and services from the get-go.”