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Five shortlisted Cyberport start-ups showcased at Accenture FILAP Demo Day ⋯⋯⋯⋯ The FinTech Innovation Lab Asia Pacific (FILAP), a FinTech accelerator program co-organised by Cyberport and Accenture held its online Demo Day which successfully concluded the year's program.
Hailing from six markets (Canada, France, Israel, Indonesia, Singapore and Hong Kong), and leveraging technologies such as artificial intelligence, blockchain and big data analytics, 5 out of the 11 shortlisted start-ups were from Cyberport - Asiabots, IPification, Diginex, CONTRENDIAN Limited, Advanced Alternative Investment Systems and Seleya Technologies.
This year’s FILAP introduced a new challenge-based element in the form of six problem statements from financial institution partners. Start-ups were invited to share solutions that address key topics in financial services, including supporting digital currencies; managing environmental, social, and governance (ESG) standards and risks; improving client engagement and growing wealth management and insurance services in the Asia Pacific region. The finalists followed a 12-week series of mentorship by leading financial institutions, and received training to polish their presentation skills, pitching technique and acceleration strategy, before they presented their innovative ideas to venture capitalists and financial industry executives on the Demo Day held on 18 November.
This year’s program has successfully launched two Proofs of Concepts (PoCs), with 21 more projects in the pipeline.
This year’s Lab also featured an enhanced partnership with Accenture, offering the selected start-ups the opportunity to participate in the Cyberport Incubation Program (CIP). The two-year program will provide start-ups with a range of business, professional and mentorship support.
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