These are just some big organizations that have joined the wave of innovation, tapping on startups to pioneer ideas to remain relevant in the market.

Focusing on fintech startups

Rather than working against startups, companies big and small should work alongside the growing dynamic cohort of aspirers whose big ideas may well be the key to bridging the gaps in the consumer markets. Focusing on fintech startups

Managing Partner at 500 startups Khailee Ng drove a bold message about the power of startups and the likelihood of failure by some companies that refused change.

As Mr Ng put it across, startups would continue to strive as long as incumbent banks continue to fail at meeting customers’ expectation.

“Banks don’t change because there is no crisis they are answerable to. That’s good news for startups and venture capitalists who continuously crave for ways and ideas to do a better job”.

Through the accelerator program, DBS bank would be working alongside fintech startups, which will be housed at a 5,000 square foot workspace in Wan Chai, Hong Kong. Focusing on fintech startups

Collaboration with startups and entrepreneurs will pay off in embracing digital transformation within the banking sector. Focusing on fintech startups

San Francisco multinational banking and financial services holding company Wells Fargo also recently launched an accelerator arm – Wells Fargo Startup Accelerator – in May this year focusing on fintech startups that create solutions for financial institutions and enterprise customers.

Head of Innovation and R&D at Wells Fargo Bipin Sahni said the outlook for collaborating with startups seems promising with news of talks with Infocomm Investments in the next few days. Focusing on fintech startups

Nuraisha Teng.Singapore’s One-North area which houses startups, venture capitalists and accelerators.