Hong Kong-based startup Bitspark has been one of the seven startups to join Accenture’s FinTech Innovation Lab Asia-Pacific 2015, a “collaboration between a number of the world’s leading banks, such as Bank of America Merrill Lynch, China Citic Bank International, Commonwealth Bank of Australia, Credit Suisse, Goldman Sachs, HSBC, and J.P. Morgan.”
This year, Accenture’s FinTech Innovation Lab has been heavily focusing on giving opportunities to startups to work with global banks and financial establishments, and enable the startups to implement their technology within the banks’ infrastructures and existing systems, to optimize operations and to support its clients.
As the world’s first end-to-end bitcoin remittance system, Bitspark will closely work with Accenture’s mentors and investors to potentially attract international angel investors, venture capital firms and banks to implement their secure and fast method of sending international payments.
Also, Bitspark will introduce its blockchain-powered technology to banks in workshops to search for possible ways to integrate it in different industries and applications.
“There is a clear trend in the banking industry in 2015 that they are ready to engage in the world of Cryptocurrency and Blockchain technology,” George Harrap, CEO of Bitspark announced. “We are happy to be introducing our world-leading blockchain-powered remittance platform to the financial services industry, who can not only assist us to accelerate our business but also provide us with support, mentorship and the contacts to ensure we can bring our technology to the market in the best way possible.”