SuperCharger FinTech Accelerator Malaysia unveils 10 finalists
: 10 international and local start-ups land in Kuala Lumpur to supercharge Malaysia’s FinTech ecosystem
Kuala Lumpur 26 September 2017 – The SuperCharger FinTech Accelerator programme kicked off its 12-week programme today by introducing 10 international start-ups as the finalists for this platform.
The programme comes as a partnership between leading financial institutions, Standard Chartered Bank and Allianz Malaysia, as well as strategic partner Malaysia Digital Economy Corporation (MDEC).
More than 100 early-stage and late-stage scale-ups from 30 countries submitted applications for the programme. Their diverse businesses covered sub-sectors, such as insurance technology (InsurTech), regulatory technology (RegTech), payments, wealth management, artificial intelligence (AI), and blockchain, all of which represent some of the world’s most cutting-edge solutions.
The 10 finalists for SuperCharger Kuala Lumpur 2017 are listed as below (in alphabetical order):
1. Capnovum – RegTech
Capnovum is a cognitive compliance management platform that provides an up-to-date repository of regulations, obligations and regulatory news that lets financial institutions manage compliance across jurisdictions.
2. Chekk – KYC & Digital Identity
Chekk.me is a Digital Identity ecosystem where individuals are empowered to own and reuse their personal data, and businesses get a secure channel for customer interactions and data requests (eg. KYC).
3. MyFinB – Cognitive Analytics
MyFinB helps FIs attain higher trust and better customer engagement beyond financing for enterprises. Using A.I., SMEs are guided on balance sheet management and Financiers can generate new business leads and analyse the financials quickly.
4. Neosurance – InsurTech
The first AI agent to offer instant contextual insurance protection and assistance through push notifications directly on your smartphone, when and where it matters most.
5. Neuroprofiler – RegTech & WealthTech
Client suitability assessment is often processed today through paper questionaires. They are boring, poorly compliant and not scientific. Neuroprofiler is a behavioral finance game to help financial advisors assess the investor profile of their clients in line with last financial regulations.
6. Pand.ai – Artificial Intelligence & Chatbots
Pand.ai builds advanced AI chatbots that understands standard and non-standard English/Bahasa/Chinese, remembers what users said, and learns continuously. In other words, it makes chatbots “pandai” (clever).
7. Pulse iD – Big Data Analytics
Pulse iD is an identity platform that uses geolocation data to unlock security, loyalty & identity services to banks, telcos & media clients. Headquartered in Hong Kong, our technology is on millions of smartphones. Underpinned by proprietary & highly disruptive technology, Pulse iD is backed by experienced investors and is navigating an industry segment that is experiencing exponential growth.
8. Solus – Cybersecurity
Solus is a provider of next generation, multi-factor authentication software that seamlessly integrates biometric security solutions across multiple platforms. Solus is also developing adaptive machine-learning behavioural tools that will utilise user’s device behaviour to detect and predict fraudulent behaviour beyond the core biometric authentication product.
9. Springday – InsurTech & SaaS
Springday powers health & wellbeing to make healthier, happier people. We use technology to create an ecosystem of health and wellbeing resources, challenges, wearable technology, face-to-face services and benefits. We bring these elements together in a gamified and engaging way in the form of an online platform with mobile app, easy to use and available anywhere and any time.
10. Tramonex – Payments
Tramonex offers a single centralised payment hub can reduce the cost of your banking infrastructure and increase efficiencies. We offer more than 130 currencies and deliver our international payment services through an online platform, our easy to use API or a turnkey white-label solution.
The 10 finalists all bring unique and complementary solutions to the programme, with all featuring several cross-industry innovations. The businesses tackle problems that improve financial services, whether it comes from client security, user experience and wellbeing, new products, or intelligent services for banks. As a result, there are many potential collaboration opportunities between start-ups and SuperCharger’s institutional partners.
With MDEC’s support, the programme will take place at Komune co-working space, UOA Corporate Tower, The Vertical in Bangsar South and will run until December 15th 2017.
The SuperCharger programme comes at an exciting time for Malaysia’s budding FinTech ecosystem. In particular, the country benefits from a high smartphone penetration of almost 70% (GSMA 2017). This enables financial service providers a powerful channel to provide access and increase usage to consumers.
Malaysia’ key institutions have always been supportive of constant innovation. In 2015, Standard Chartered established its Global Collective Intelligence and Command Center (GCICC) in Malaysia with the role to create new technological solutions to improve banking using dedicated teams of software engineers and operation specialists. As for Allianz Malaysia, it has also driven new solutions through innovative partnerships, such as its recent push for usage-based insurance adoption (UBI).
As for public institutions like MDEC, they are very supportive of Malaysia’s digital sectors, including e-commerce, data analytics, security practices, and FinTech.
With SuperCharger programme bringing international start-ups into the acceleration programme, it directly address some known critical issues and offer new services to them, both of which complement the need of balance between market opportunity and security.
SuperCharger is also hosting its Launch Day Event today at Cornerstone Wisma Selangor Dredging, where start-ups will be pitching on-stage while the audience network and celebrate the selection of these start-ups.
Standard Chartered Bank
Group Corporate Affairs
+65 9366 2351
Allianz Malaysia Berhad
Head of Corporate Communications
+60 3-2264 0780 (Ext: 3780)
Malaysia Digital Economy Corporation (MDEC)
Zalinda Zainon General Manager Corporate Affairs Division +60 3-8315 3229
We are a leading international banking group, with more than 80,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East. Our heritage and values are expressed in our brand promise, Here for good. For more information please visit www.sc.com. Explore our insights and comment on our blog, BeyondBorders. Follow Standard Chartered on Twitter, LinkedIn and Facebook.
Allianz Malaysia is made up of Allianz General and Allianz Life. As the leading general insurer in Malaysia, Allianz General offers a broad spectrum of services in motor insurance, personal lines, small to medium enterprise business and large industrial risks. Allianz Life offers a comprehensive range of life and health insurance and investment linked products and is one of the fastest growing life insurers in Malaysia.
Malaysia Digital Economy Corporation (MDEC)
Malaysia Digital Economy Corporation or MDEC (formerly known as Multimedia Development Corporation Sdn. Bhd.) is the lead agency in driving the digital economy in Malaysia under the Ministry of Communications and Multimedia Malaysia. Since its inception 21 years ago, MDEC’s mission is to develop the nation’s digital economy. MDEC’s implementation efforts are centred on driving investments, building local tech champions, catalysing digital innovation ecosystems and propagating digital inclusivity.
MDEC is also responsible to ensure that Malaysia plays an integral part in developing and nurturing talent to drive digital innovation around the world, while attracting participation from global ICT companies to invest and develop cutting edge digital and creative solutions in the country.
SuperCharger is the leading FinTech Accelerator in Asia, dedicated to both early stage startups and scale-up FinTech companies. The program offers a structured curriculum that emphasizes strategic relationship-building, corporate partnerships & POCs, shared learning, investment-raising, and 360º support. SuperCharger leverages Kuala Lumpur’s role as a FinTech hub to grow your business in Malaysia and beyond.
If you have any questions or comments, please contact at firstname.lastname@example.org
- About the SuperCharger FinTech Accelerator – click here
- Announcement of the SuperCharger Kuala Lumpur Program – click here