Bank accelerator programmes find their footing as business development partners

ACCELERATOR programmes at Singapore's 3 banks have evolved beyond recognition since the first was launched 7 years ago. The directions taken could be helpful for instruction as more financial institutions roll out similar initiatives.

When UOB launched The FinLab in 2015, accelerator programmes were mushrooming across the country.

The bank had stuck closely to the existing script, offering a selection of startups funding, workspace, mentorship and some access to its network and infrastructure.