Lender to expand fintech moves

StanChart plans to use innovation hub in Shanghai for delivering the next generation of financial products

Standard Chartered Bank Plc is planning to deepen its financial technology footprint in China by bringing its dedicated innovation hub to Shanghai.

The eXellerator lab, an in-house program powered by the United Kingdom-based bank's innovation, fintech investment and ventures unit SC Ventures, aims to co-create and deliver the next generation of financial products and services, according to Alex Manson, global head of SC Ventures.