Just a couple of days after Hong Kong’s Securities and Futures Commission (SFC) established a Fintech Contact Point, there is one more good bit of news for the financial technology industry in Hong Kong, as Thomson Reuters announced its collaboration with FinTech accelerator SuperCharger.
The new partnership, announced today, aims to bring technology and market data access to FinTech firms undergoing the Hong Kong based program.
The SuperCharger builds on Hong Kong’s traditional strength as Asia’s finance and technology gateway while allowing companies to access the opportunities in mainland China which is currently one of the world’s biggest markets for FinTech firms.
Under the partnership, Thomson Reuters will be involved in mentorship for the program as well as gaining access to innovative and promising startups at their early stages.
Gautam Verma, Head of Market Development for Enterprise in Asia and part of the FinTech Task Force at Thomson Reuters, said,
“Hong Kong continues to be a leading and dynamic FinTech hub in Asia Pacific. By opening Thomson Reuters technology, tools and services to FinTechs, we aim to foster sustained, ongoing innovation to allow us to be pivotal in this industry’s transformation. The SuperCharger accelerator program provides a perfect opportunity for us to do that.”
Janos Barberis, Founder of SuperCharger, said,
“The SuperCharger was built on a vision to inspire the future generation of entrepreneurs whilst enhancing Hong Kong’s competitiveness as a leading Financial center. This is achieved by acting as a catalyst favorising FinTech x FinTech partnerships as well as FinTech x FinServ joint ventures. Thomson Reuters provides an excellent platform to deliver on this vision and it is great to have them involved.”
The Supercharger program has now started its third phase – a 12-week, structured curriculum. The accelerator will help with company building, mentorship and advice in areas such as market entry, regulatory obligations and joint venture opportunities. A ‘demo day’ will take place on April 7, 2016.
For the official announcement from Thomson Reuters, click here.