Ethereum
$181.22 -2.91%
ETH · 118w

Bangkok Bank Names Ethereum Startup for Global Accelerator

Bangkok Bank has chosen Everex, an Ethereum-based startup out of Singapore, to be one of eight startups participating in its upcoming fintech accelerator. The “cash transfer system” startup will have the opportunity to be heard by potential investors including Bangkok Bank and its subsidiary, Bualuang Ventures, and global venture capital fund and accelerator, Nest. Startups from 32 countries applied for the program.

The “Bluefin” businesses will work with Bangkok Bank InnoHub and Nest over the course of a 12-week program. The very best startups taking part in the accelerator will present business plans to Thai and international investors at Demo Day 2017 in September.

One of Thailand and Southeast Asia’s largest commercial banks, Bangkok Bank will arrange “dedicated mentorship” from financial experts at Bangkok Bank, Bualuang Ventures and Nest. The process is designed to allow startups to secure a proof of-concept (POC) with the bank and pitch it. A dedicated professional is assigned to each startup.

Bangkok Bank states on its website it has a particular interest in eKYC, which it describes as “bringing efficiency to the customer onboarding process.” The bank also has its eye on using AI for wealth management and financial advisory, as well as retail and business solutions for payments.

Bangkok Bank president Chartsiri Sophonpanich said the bank is dedicated to fintech start-ups, seeing them as the engines powering Thailand’s financial services sector and economy. “InnoHub reinforces Bangkok Bank’s status as a leading regional commercial bank, attracting applicants from Europe, the US, Australia and wider Asia,” he said.

Lawrence Morgan, Chief Executive Officer at Nest, called InnoHub “different from other Thai start-up programmes that are open only to local entrepreneurs” because it “draws on world-class innovation and expertise, including dedicated mentors from among Thai and international financial expert...

Continue on buzzfeed.com
Recent news
ETH -2.91% · towardsdatascience.com · 2h

Trade Smarter w/ Reinforcement Learning

Winning high stakes poker tournaments, out-playing world-class StarCraft players, and autonomously driving Tesla’s futuristic sports cars. What do they all have in common? Each of these extremely…
ETH -2.91% · blog.district0x.io · 3h

district0x Dev Update - October 15th, 2019

In the past development cycle, we’ve pushed through a very broad scope of updates and refactors to nearly every corner of our tech stack. With efforts currently spread across three major initiatives…
ETH -2.91% · cryptoverze.com · 7h

Libra Opens Shop, Finally Elects Board

Highlights: The Libra Foundation has finally open up shop by holding a general inaugural meetingA total of 5 board member have been elected from among the initial backersSigns of optimism after the re...
ETH -2.91% · cryptoverze.com · 8h

Tron Breaks Out to the Top

Highlights: Tron has recently emerged as the top dapp platformUsually toppers EOS and Ethereum as seeing consistently low usage and volumeWith the most number of active projects and new usage coming i...