The bank has opened an innovation lab called Exellerator in Singapore, representing its first incubator in Asia.
UK-based financial services firm Standard Chartered Bank opened an innovation laboratory named Exellerator in Singapore last week, marking the first time that it has launched such an initiative in Asia.
The lab is based at the bank’s main office building in Singapore’s financial district and is set to collaborate closely with Standard Chartered’s business units. Exellerator is modelled after the bank’s Silicon Valley-based incubator, SC Studios.
Standard Chartered’s decision to open Exellerator in Singapore was driven by the country’s growing…
