Standard Chartered Bank has opened a new innovation lab in China in a bid to further drive fintech innovation.

The British banking group already operates such eXellerator innovation labs in Singapore, Hong Kong, London, Kenya and San Francisco.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

These labs are powered by SC Ventures, the bank’s innovation, ventures and fintech investments unit.

The eXellerator innovation lab in China is located in Shanghai. It is expected to enable Standard Chartered leverage China’s innovation ecosystem and expertise in advanced technologies including artificial intelligence.

Additionally, the bank aims to work with promising Chinese fintech start-ups and scale their solutions across markets.

It also aims to co-create new business and operating models to transform existing banking services. The eXellerator will enable its employees to develop and test such business models.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Standard Chartered Bank (China) CEO Jerry Zhang said: “Rapid changes in financial technology are reshaping the future of the global banking industry, especially here in China which is home to some of the world’s most established companies leading the way in areas like artificial intelligence and Big Data.

“Given the strategic importance of this market to the Group, our innovation centre in Shanghai will play a crucial role to support us in proactively reinventing ourselves, by bringing together our people, clients and fintechs to co-create and deliver the next generation of products and services.”

In April this year, Standard Chartered Bank opened its eXellerator innovation lab in Kenya.