RHB in exclusive partnership with Startupbootcamp FinTech
The RHB Banking Group has entered into a partnership with Startupbootcamp FinTech to bring digital innovations in financial services to the Malaysian market. RHB is Startupbootcamp FinTech’s exclusive partner in Malaysia, for the FinTech startup programme in Singapore.
“Through our partnership with Startupbootcamp, our customers can expect to see the integration of seamless and innovative digital solutions from some of the best global and regional FinTechs, empowering RHB’s customers with personalised, conveniently accessible, and secure services through digital channels – creating the best experience possible in their interaction with RHB. This is in line with our Digital Strategy which includes collaborating with innovative FinTech start-ups to nurture and grow their businesses,” said Dato’ Khairussaleh Ramli, Group Managing Director, RHB Banking Group.
“We are proud to be a part of this strategic alliance, driving financial innovation in Malaysia and the ASEAN region, and giving young FinTech start-ups the boost that they need in contributing towards a robust and vibrant financial services industry,” added Dato’ Khairussaleh.
Markus Gnirck, co-founder of Startupbootcamp FinTech, said, “We are very excited to have RHB joining us as a partner in Malaysia. This gives FinTech startups a great opportunity to connect with the Malaysian market and its customers through RHB. We are looking forward to supporting the growth of the regional FinTech ecosystem and foster change in the industry.”
Startupbootcamp FinTech is Europe’s leading accelerator, and the first of its kind, focused on financial innovation, providing FinTech startups with funding, mentorship and guidance from leading financial services industry partners. Startups will also gain access to a global network of investors and venture capitalists.
The Asia accelerator programme launched in December 2014 in Singapore, received over 300 applications from 38 different countries for the inaugural programme. For the upcoming 2016 Startupbootcamp FinTech Programme, ten startups from across the region will be selected to attend a 3-month accelerator programme in Singapore, where they will collaborate with over 200 mentors, partners, and investors to develop world-class FinTech products for the financial services market. RHB will offer FinTech startups in Malaysia the opportunity to connect with regional and global companies and investors.
Under this partnership, RHB will be involved in the evaluation process, funding, mentoring for the FinTech Accelerator programme, as well as organising of Fast Track Days and Hackathons in Kuala Lumpur.
About RHB Banking Group
The RHB Banking Group is the fourth largest fully integrated financial services group in Malaysia. The Group’s core businesses are streamlined into three main business pillars, namely Group Retail and Commercial Banking, Group International Business and Group Corporate and Investment Banking. These businesses are offered through its main subsidiaries -RHB Bank Berhad, RHB Investment Bank Berhad, RHB Insurance Berhad and RHB Islamic Bank Berhad, while its asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad. The Group’s regional presence now spans nine countries including Malaysia, Singapore, Indonesia, Thailand, Brunei, Cambodia, Hong Kong, Vietnam and Lao PDR. It is RHB Banking Group’s aspiration to continue to deliver superior customer experience and shareholder value; and to be recognised as a Leading Multinational Financial Services Group.
About Startupbootcamp FinTech
Launched in 2014, Startupbootcamp FinTech is the leading FinTech accelerator, and the only programme of its kind to attract such wide industry support. Based in London and Singapore, its partners include Lloyds Banking Group, MasterCard, Rabobank, SBT Venture Capital, arvato Financial Services, Route66 Ventures, Intesa Sanpaolo, DBS Bank, RHB Bank, PwC, Infocomm Investments, Jungle Ventures and PixVine Capital, as well as an extensive mentor and alumni network from more than 50 countries across the globe. The award-winning accelerator offers FinTech startups access to world class industry expertise during an intensive three month programme. At the end of the programme, startups pitch at Demo Day to more than 450 investors and individuals from financial services.
Founded in 2010, Startupbootcamp is a global startup accelerator with 11 programs in Amsterdam, Barcelona, Berlin, Copenhagen, Eindhoven, Istanbul, London and Singapore, and a mentor and alumni network in more than 30 countries. More than 240 startups have been accelerated by Startupbootcamp of which 80% are still active. For more information visit: http://www.startupbootcamp.org