StanChart bolsters innovation

Business | Samantha Wong and Tracy Hu 17 Apr 2018

Standard Chartered has invested HK$100 million to promote innovation at the bank and opened yesterday an innovation hub in Kwun Tong to tap emerging financial technologies and data science in the region.

Spanning over 10,000 square feet, the innovation hub eXellerator is designed and created by co-working space company WeWork.

"As clients become more digital and expect more seamless, timely and user-friendly access to banking services, we need to constantly innovate and improve, or risk being left behind," Standard Chartered chief executive Mary Huen Wai-yee said.

Meanwhile, the Hong Kong Monetary Authority said it received about 20 written submissions on guidelines on authorization of virtual banks during the public consultation which ended last month. Revised guidelines may be issued next month, it said.

About 10,000 job vacancies at the Guangdong-Hong Kong-Macau Greater Bay Area's technology and innovation sectors are on offer at the Innovating Hong Kong - International Talent Carnival jobs fair to be held on April 28 and 29 at AsiaWorld-Expo.

More than 150 leading companies, including Tencent Holdings (0700), CSL and Didi Chuxing, are offering career opportunities at the Greater Bay Area.

The jobs fair will also include InnoSummit, featuring business leaders who will tackle innovations in policy, science, economy and global issues.

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