Leonteq Opens New Innovation Lab Teqlabs in Singaporeby Fintech News Singapore May 31, 2016
Leonteq the FinTech provider for investment and pension solutions, announces the launch of its Teqlabs innovation lab facility in Singapore’s Central Business District at Asia Square. The innovation lab will foster its FinTech research and development for the benefit of the financial services sector. The Singapore-based Teqlabs was opened in partnership with Singapore’s Economic Development Board .
Teqlabs gathers the best to foster more FinTech innovation
The new partnership intends to foster and grow the best minds from Singapore’s FinTech university ecosystem with the support of EDB. It enables Leonteq to add graduates of Singapore’s leading universities such as the National University of Singapore (NUS) or Nanyang Technology University (NTU), two globally recognized universities, to its Singapore-based team and to further add the brightest IT developers locally.
“As a global FinTech firm, we are investing in Asia, and in particular in Singapore, to foster our FinTech research and development capabilities for future innovations,”
said Jan Schoch, CEO of Leonteq. “The partnership with EDB is allowing us to implement this strategy with the best human capital resources from Singapore’s top universities.”
Leonteq’s state of the art Teqlabs will focus on driving innovation for its clients through pension solutions, risk management, big data analytics, API integrations, artificial intelligence, and portfolio management solutions. Leonteq clients globally will be able to use proprietary technology developed by Leonteq. “Teqlabs is a next step in our digital FinTech roadmap for us as a firm and our clients,” said Frank Troise, Head of Digital Distribution for Leonteq Asia. “The exceptional efforts made by the EDB and The Monetary Authority of Singapore (MAS) have made it clear that Singapore will drive FinTech innovation regionally and worldwide.”
Teqlabs takes part in leading Singapore to be a Smart Financial centre
“Leonteq’s growth and the establishment of Teqlabs in Singapore is a testament to our efforts in building frontier digital skillsets, such as software development, data analytics and user experience design. These skillsets are crucial for positioning Singapore as a Smart Financial centre”,
said Kiren Kumar, Executive Director, Infocomms and Media, Singapore Economic Development Board.
He added, “This move is aligned with Singapore’s push to build capabilities in creating digital products, services and experiences which will improve the competitiveness of key sectors and at the same time, provide exciting frontier digital job opportunities for Singaporeans.”