Standard Chartered opens Singapore innovation lab

Standard Chartered Bank has opened a new innovation lab in Singapore to explore the use of emerging technologies and data sciences in support of the bank’s digital transformation strategy.The ‘eXellerator’ builds upon Standard Chartered’s established technology outpost in Silicon Valley, SC Studios, and is the bank’s first dedicated space for innovation in Asia, located at the heart of its main office building at Marina Bay Financial Centre.Anju Patwardhan, Standard Chartered’s global chief innovation officer, says: “This is where we can tap the depth of knowledge and talent, as well as work with local universities and research organisations, to help drive the bank’s innovation agenda.”The bank has secured the support of the Monetary Authority of Singapore (MAS) in establishing the facility. MAS has been actively encouraging the development of a ‘Smart…

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