HLB to boost innovation, seeks Fintech start-ups to join HLB Launchpad 2018
KUALA LUMPUR: Hong Leong Bank Bhd (HLB) is back with its second year fintech and start-up programme following the critical success of its inaugural HLB LaunchPad last year.
The overwhelming positive response from participants and partners alike has led HLB LaunchPad to expand the programme into a bigger platform, not only for the original target group of fintech start-up, but to include youth, Series A companies as well as corporate social responsibility (CSR) outreach later this year.
To this end, the bank has launched and opened the enrolment of HLB LaunchPad 2018: ACTIVATE for aspiring start-ups wanting to make a break in the financial services industry. Applications are open from now till August 17, 2018.
HLB LaunchPad 2018: ACTIVATE now welcomes both local and Asean-based fintech and technology startups, in line with HLB’s vision of becoming a highly digital and innovative Asean financial services organisation.
H LB Launch Pad is a mentor ship programme developed to nurture tech savvy start-ups in reimagining the financial services industry. It is Malaysia’s first public-private partnership between HLB, Cradle Fund Sdn Bhd (CFSB), Malaysian Business Angel Network (MBAN) and the Asean Angels Alliance.
The programme specifically focuses on transforming financial services in three areas: Simplifying Banking Today, Digitising Customer Journeys and Experience; and Re-Imagining Banking for Tomorrow. It aims to work with start-ups who are able to solve banking challenges or provide ‘out of the box’ solutions that can change the way banking is performed.
Selected start-ups will stand to win cash prizes of up to RM100,000, receive valuable insights and mentorship from HLB’s senior leadership teams and gain access to the wider Hong Leong Group in Malaysia as well as in the region.
“As the rapidly evolving digital and technology innovation changes the service and financial landscape, the banking and financial industry not only needs to be agile and adaptive to serve the customers’ growing digital needs, but we also need to be future-ready and be innovative in thinking ahead of the curve.
“HLB believes that through cultivating the best minds and collaborating with like-minded partners, we are able to transform our organisation faster - from the way work, the way we empower our communities and business partners and most importantly, the way we serve and engage with our customers,” HLB group managing director and chief executive officer Domenic Fuda said.
A key proposition of the programme is the hands-on engagement and mentorship provided by HLB’s senior management. This opportunity will give the finalists first-hand exposure to the knowledge, experience, and expertise of key people driving product, business, and digital development. This has greatly helped last year’s finalist start-ups improve productmarket fit through market validation, with some of them moving on to engage with HLB commercially.
In 2017, overwhelming applications were received for the programme, and of the 18 shortlisted start-ups invited to pitch, five made it to the finals - SalesCandy, Kakitangan.com, PropSocial, CapitalBay and Blinkware Technology.
All five startups completed the intensive three-month mentorship programme and SalesCandy, an actionbased Customer Relationship Management (CRM) platform, emerged as the winning team on the final Demo day.
Interested fintech start-ups can find out more about the programme at www.hlb.com. my/hlblaunchpad/.