Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

CBA launches Hong Kong innovation lab

Australia’s largest lender has launched a Global Innovation Network with a lab in Hong Kong, with a second offshore innovation lab to open in London later this year.

In a statement CBA said that the innovation network was a natural extension of the bank’s innovation lab in Sydney and was aimed at creating a global approach to innovation that “connects customers, employees and start-up communities to the latest fintech developments".

The Hong Kong lab has three main zones to encourage collaboration and drive experimentation.

Advertisement
Advertisement

The incubation garage space helps cross-functional project teams work together on bringing ideas to life while the collaboration hub encourages co-creation with clients to find bespoke solutions, deep dive into specific challenges and test prototypes. Finally the usability room provides clients with a live testing facility and the latest eye-tracking technology to improve their digital platforms.

“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,” Kelly Bayer Rosmarin, group executive, institutional banking and markets at CBA said.

“The strong interest in our Sydney innovation lab demonstrates the emphasis business and government place on innovation as an integral part to a successful future. This innovation space has strengthened our culture of innovation and we look forward to continuing this success on a global scale.”

[Related: 'We can disrupt and we are', says CBA exec]

CBA launches Hong Kong innovation lab
mortgagebusiness

 

Latest News

Finance Minister Matthias Cormann has rejected claims that there has been a “concerted push” from Treasurer Josh Frydenberg to “lower ...

An Australian mortgage fintech has raised $70 million in a series C capital funding round, taking the lender’s total raise to $115 million...

A shortage of land supply has been a key factor in driving property prices upwards over the past decade, according to property economists. ...

FROM THE WEB
podcast

LATEST PODCAST: Transparency around rate cuts

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.