StanChart opens innovation lab in Singapore

Singapore – Standard Chartered Bank (StanChart) on Wednesday announced the opening of its Asian innovation lab in Singapore. Called the eXellerator, the lab builds upon the bank’s technology centre in Silicon Valley, SC Studios, and is the first such dedicated and strategic space for the bank in this region. Anju Patwardhan, StanChart’s global chief innovation officer, said the Singapore eXellerator, which is located in the bank’s main office building at Marina Bay Financial Centre, will work closely with the business units within StanChart and explore the use of emerging technologies and data science for sustainable business solutions. Speaking to The Business Times, she added that the innovation lab will support global initiatives and employ about 15 to 20 people. “We have recruited part of the team, and will be recruiting…

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