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StanChart opens innovation lab in Singapore

Standard Chartered Bank has opened eXellerator, an innovation lab in Singapore to accelerate its digital transformation. The eXellerator will work closely with the business units within the bank to explore the use of emerging technologies and data science for sustainable business solutions. It is a first of such a dedicated and strategic space for the bank in Asia, and builds upon its established technology outpost in the Silicon Valley, SC Studios. StanChart CIO Dr Michael Gorriz said the rise of fintech has created greater opportunities for banks to enhance customer experience, reduce costs, mitigate risks and put power into the hands of their customers through innovative deployment of technology.

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