Standard CharteredChief Information Officer Dr Michael Gorriz and Chief Innovation Officer Anju Patwardhan have announced the opening of the bank’s new Innovation Lab in Singapore to explore the use of emerging technologies and “drive the bank’s innovation agenda”. The bank said that the eXellerator builds on SC Studios, its established technology outpost in Silicon Valley. Based in the heart of Singapore’s financial district at the bank’s main office building at Marina Bay Financial Centre, the Singapore eXellerator hub will worth closely with the business units within the bank and explore the use of emerging tech and data science in its global business, the bank said. Chief Information Officer Gorriz said: “The rise of FinTech has created greater opportunities for banks to enhance customer experience, reduce costs, mitigate risks and put power into the hands of their customers through innovative deployment of technology. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe “The eXellerator will expedite the implementation of digital solutions to deliver more value to our clients with improved service offerings and new business models for a new generation.” Patwardhan, the Chief Innovation Officer who has written about exploring blockchain and other disruptive technologies, said: “Singapore’s strategic location at the heart of the ASEAN region and its vibrant FinTech ecosystem makes it the logical location for the bank to base our new global innovation lab. This is where we can tap the depth of knowledge and talent, as well as work with local universities and research organisations, to help drive the bank’s innovation agenda. “Through our new innovation lab, we will be exploring the use of emerging technologies, data science solutions and new ways of working as a means to better customer experience and business benefits.” Patwardhan and Dr Michael Gorriz have both been at Standard Chartered less than a year. Former CIO at Daimler AG, Dr Gorriz was announced a the new global CIO in March 2015 but did not join the bank until the third quarter of last year, while Group Head of Risk Innovation Patwardhan was given the Chief Innovation Officer role in June 2015 – reporting to the other CIO – to shape the bank’s “strategic innovation agenda”. Related content opinion The changing face of cybersecurity threats in 2023 Cybersecurity has always been a cat-and-mouse game, but the mice keep getting bigger and are becoming increasingly harder to hunt. By Dipti Parmar Sep 29, 2023 8 mins Cybercrime Security brandpost Should finance organizations bank on Generative AI? Finance and banking organizations are looking at generative AI to support employees and customers across a range of text and numerically-based use cases. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Sep 29, 2023 5 mins Artificial Intelligence brandpost Embrace the Generative AI revolution: a guide to integrating Generative AI into your operations The CTO of SAP shares his experiences and learnings to provide actionable insights on navigating the GenAI revolution. By Juergen Mueller Sep 29, 2023 4 mins Artificial Intelligence feature 10 most in-demand generative AI skills Gen AI is booming, and companies are scrambling to fill skills gaps by hiring freelancers to make the most of the technology. These are the 10 most sought-after generative AI skills on the market right now. By Sarah K. White Sep 29, 2023 8 mins Hiring Generative AI IT Skills Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe