THELOGICALINDIAN - American cyberbanking behemoth Citigroup beforehand appear that it has been attractive at the Bitcoins broadcast balance technology for the aftermost few years and has developed three blockchains and a analysis bill alleged Citicoin to canyon through them in a bid to actualize a framework alongside to the Bitcoin and the blockchain
And now, according to South China Morning Post, Citigroup has launched a coursing for the best able fintech innovators in Hong Kong and APAC with its new accelerator affairs alleged Citi Mobile Challenge Asia-Pacific. The allotment for the accessible challenge will activate from August 19 and end on September 2.
The accelerator affairs is a allotment of Citi’s all-around action to ascertain potentially-strong startups to transform the cyberbanking operations.
Weber Lo, Citi’s Chief Executive for Hong Kong and Macau, said “Asia is home to a fast-growing fintech community, and this action will advice advance and bare new and agitative opportunities for Citi to advance transformational approaches to banking.”
About 20 groups will be arrive to affirmation contest in Hong Kong, Singapore, Sydney, and Bangalore, area they will be advised by a console of industry experts. The finalists will accept US$100,000 in banknote awards and casework from a ambit of sponsors.
“Citi Mobile Challenge has helped us affix with top developers beyond the world, and we are aflame to accompany this befalling to Asia-Pacific,” said Lo.
However, Citi is a little backward to the party. Banking institutions such as Barclays, DBS, and Accenture accept already hosted their accelerator programs. Barclays Accelerator affairs saw Bitcoin barter Safello partnering with the bank. DBS sponsored a cipher fest in March alleged DBS Blockchain Hack wherein participants had to advance articles for the cyberbanking and the banking area application the blockchain technology. Accenture’s FinTech Innovation Lab Asia Pacific 2015 selected Hong Kong-based Bitcoin remittance belvedere BitSpark.
So, the big catechism is: Will addition Bitcoin startup flash aloft all in the Citi Challenge?
