KUALA LUMPUR: SuperCharger, a financial technology (fintech) accelerator based in Hong Kong, has announced 10 international start-ups as finalists for its fintech accelerator programme from more than 100 applications from 30 countries.
The chosen startups are regulatory tech (RegTech) Capnovum, Know-Your-Customer and digital identity Chekk, cognitive analytics MyFinB, insurance technology (InsurTech) Neosurance, RegTech and wealth tech Neuroprofiler, artificial intelligence and chatbots Pand.ai, big data analytics Pulse iD, cybersecurity Solus, InsurTech and software-as-a-service Springday, as well as payments hub Tramonex.
The 12-week accelerator programme, which comes as a partnership between Standard Chartered Bank, Allianz Malaysia and Malaysia Digital Economy Corp (MDEC), offers a structured curriculum that emphasizes strategic relationship-building, shared learning, corporate partnerships, investment-raising and all-around support.
Speaking at a press conference yesterday, MDEC chief operating officer Datuk Ng Wan Peng said the multi-partnership formed for the accelerator programme would attract various fintech players to consider Malaysia as the accelerator hub.
“Fintech players can tap on Malaysia as a hub to grow their network and expand their reach within and around South-East Asia.
“MDEC is building the fintech ecosystem through multiple engagement efforts that include regulators, financial services, industry players, academic institutions, investors, startups and scale-ups.
“Malaysia aspires to be a regional emerging fintech hub that oversees multi-lateral focuses in this space,” she said.
The 10 finalists’ businesses tackle problems that improve financial services, be it client security, user experience and well-being, new products, or intelligent services for banks.
There could be potential collaboration opportunities between startups and SuperCharger’s institutional partners.
SuperCharger founder Janos Barberis noted that Malaysia’s key institutions have always been supportive of constant innovation.
In 2015, Standard Chartered established its Global Collective Intelligence and Command Centre in Malaysia to create new technological solutions to improve banking using dedicated teams of software engineers and operation specialists.
Meanwhile, Allianz Malaysia has driven new solutions through innovative partnerships, such as its recent push for usage-based insurance adoption.
“Coming to Malaysia complements the network and achievements we have built with Standard Chartered and other partners in Hong Kong over the past two years.
“From our perspective, Malaysia is a country filled will potential in this area and is developing a lot of great local talent,” said Barberis.