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Startupbootcamp Fintech Singapore Teams up With Malaysian Banks RHB and CIMB

Startupbootcamp Fintech Singapore has announced new partnerships with Malaysia’s RHB Banking Group and CIMB Group that aim at giving startups in the program access to the region’s markets.

“As we see fintech [taking off] across the region, not just Singapore, it is good to have a partner with a regional footprint in Southeast Asia, in countries like Thailand and Indonesia,” Marck Gnick, co-founder and global chief operating officer of Startupbootcamp Fintech said.

Gnick added:

“This gives our startups reach into these markets, and they can leverage the [banks’] networks.”

These partnerships also highlight the need for more collaboration between fintech startups and corporate players so they can “find a way to leverage each other’s talent, technology and resources,” Gnick said.

@CIMBMalaysia is excited to partner @Sbootcamp We look forward to innovative solutions. @mgnirck pic.twitter.com/c6IMentMWn

— zafrul (@zafrul) October 9, 2015

Through this new partnership, RHB’s “customers can expect to see the integration of seamless and innovative digital solutions from some of the best global and regional fintech companies,” Khairussaleh Ramli, managing director of RHB Banking Group, said.

He continued:

“This is in line with our ‘Digital Strategy,’ which includes collaborating with innovative fintech startups to nurture and grow their businesses.”

Meanwhile, CIMB’s chief executive officer Zafrul Aziz, said that one of the main reasons they have chosen to team up with the fintech accelerator program is that CIMB has always been focused on technology, notably since five to six years ago when the group started with Internet banking.

Aziz said:

“What is important to us is to get access to technology and ideas. […] I believe that the tie-up with Startupbootcamp FinTech will help us realise some of our key solutions for the future.”

Simultaneously, Startupbootcamp Fintech Singapore has announced that applications for next year’s accelerator program are now open.

Startupbootcamp Fintech Singapore will provide 10 selected Singaporean fintech startup with funding, mentorship, office space and access to a network of industry partners.

Launched last year, the program has so far accelerated 11 teams, among which Toast, BankGuard, DeBuNe and Kashmi.

Image credit: Twitter.com.