Commbank launches HK innovation hub
The Commonwealth Bank has launched "Innovation Lab" in Hong Kong along with plans to launch a similar enterprise in the United Kingdom later this year, mirroring its well-respected Sydney Innovation Lab.
Commonwealth Bank group executive, institutional banking and markets, Kelly Bayer Rosmarin, confirmed the move this week, describing the "innovation network" as a natural extension of the bank's successful Innovation Lab in Sydney.
She said the move effectively created a global approach to innovation that aimed at connecting customers, employees and start-up communities to the latest FinTech developments.
Commenting on the move, Bayer Rosmarin noted the highly developed nature of Hong Kong's financial sector and its proximity to China making it an optimal location for the bank to establish an innovation presence in Asia.
"The Hong Kong Lab will allow us to partner with the brightest minds across the city's accelerator, government, university, start-up and FinTech communities to further develop creative and innovative solutions for our clients."
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