Commonwealth Bank Announces Launch of Innovation Lab

Commonwealth Bank Announces Launch of Innovation Lab
19.01.2016 01:30 pm

Commonwealth Bank Announces Launch of Innovation Lab

Banking , IT Innovations , Infrastructure

Commonwealth Bank of Australia is to launch an innovation lab in both Hong Kong and London to create a joined-up global approach to new tech initiatives across the bank.

The Hong Kong Lab - opening today - includes an incubation space, collaboration hub and usability room for live testing of new applications.

Kelly Bayer Rosmarin, group executive, institutional banking and markets, Commonwealth Bank says: “Hong Kong’s highly developed financial sector, strong entrepreneurial culture and proximity to China makes it the optimal location for us to establish an innovation presence in Asia. The Hong Kong Lab will allow us to partner with the brightest minds across the city’s accelerator, government, university, start-up and fintech communities to further develop creative and innovative solutions for our clients.”

The facility is modelled on the bank's Innovation Lab in Sydney which in its first 18 months has hosted over 40,000 guests, successfully developed a number of blockchain applications and collaborated with major Australian corporates, government organisations and universities to experiment with future technology.

Visitors to the Sydney lab have included Apple co-founder Steve Wozniak, evolutionary biologist Richard Dawkins, and quantum computing specialist and 1QBit founder Andrew Fursman.

The London arm of the network is expected to open later this year

Related News

RBI publishes second edition of CEE Fintech Atlas

Today, Raiffeisen Bank International (RBI) is launching the second edition of its CEE Fintech Atlas. It provides a profound overview of 19 fintech ecosystems... Read more »

Robocash Group runs pre-IPO round to launch its Philippine neobank

Getting prepared for an initial public offering (IPO) on the Australian Stock Exchange (ASX) in December 2020, Singapore-headquartered ... Read more »

Cognitive Credit and IHS Markit enter strategic alliance to collaborate on global credit data services

Cognitive Credit, the UK-based credit analytics software company, is pleased to announce a new alliance that brings best-in-class credit market data from IHS Markit to the... Read more »

Sopra Banking Software signs strategic partnership with Tink

Sopra Banking Software (SBS), a global leader in digital banking and financing software, announces a strategic channel partnership with Tink, Europe’s leading open... Read more »

iProov to provide biometric technology to challenger bank Knab, part of AEGON

Today, iProov is proud to announce that its technology is to be deployed by Dutch challenger bank Knab, to provide an effortless online biometric experience to its nearly 500,... Read more »

FintechOS named the hottest FinTech Startup in Europe

FintechOS, the global provider of technology for the digital transformation of banks, insurance companies and other financial services organisations, is this year’s hottest... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel