B.I.S.S Research White Papers

Innovation Lab launched by Commonwealth Bank in Hong Kong

Gary Wright

Gary Wright

A leader in financial market innovation based on in depth knowledge of financial markets processes and specialising in data. Creator of business cases for new products and services in financial markets.
Share on twitter
Share on linkedin
Share on facebook

Commonwealth Bank of Australia is to launch  innovation labs in both Hong Kong and London to create a joined-up global approach to new tech initiatives across the bank.

The Hong Kong Lab – now open, includes an incubation space, collaboration hub and usability room for live testing of new applications. Kelly Bayer Rosmarin, group executive, institutional banking and markets, Commonwealth Bank says: “Hong Kong’s highly developed financial sector, strong entrepreneurial culture and proximity to China makes it the optimal location for us 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.”

The facility is modelled on the bank’s Innovation Lab in Sydney which in its first 18 months has hosted over 40,000 guests, successfully developed a number of blockchain applications and collaborated with major Australian corporates, government organisations and universities to experiment with future technology.

Visitors to the Sydney lab have included Apple co-founder Steve Wozniak, evolutionary biologist Richard Dawkins, and quantum computing specialist and 1QBit founder Andrew Fursman.

The London lab is expected to open later this year.

B.I.S.S. Research is an independent research company facilitating Academic Research for Financial Services.


Tweets by BISSResearch

Gary Wright

Gary Wright

A leader in financial market innovation based on in depth knowledge of financial markets processes and specialising in data. Creator of business cases for new products and services in financial markets.
Share on twitter
Share on linkedin
Share on facebook