SMFG to connect to startups with Hoops Link

Sep 12, 2017 • Robert Lavine

Sumitomo Mitsui Financial Group has formed an innovation hub in Tokyo as well as a partnership with Work-Bench and Stanford StartX.

Japan-based financial services firm Sumitomo Mitsui Financial Group (SMFG) has launched an innovation hub called Hoops Link in the city of Tokyo, The Bridge reported yesterday.

Hoops Link will build on the financial technology innovation efforts by IT Innovation Department, the open innovation unit SMFG established in 2015. It will work with local startups and the hub will host pitch meeings, networking events and seminars.

SMFG has also formed a partnership with US-based venture capital fund Work-Bench and Stanford University’s…

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