March 23, 2017
Financial technology startups – often called FinTech(s) – have been at the forefront of financial innovation, prompting the traditional banking sector to recognize these new innovative technologies and agile business models. We have been covering the exhaustive details of how the banking industry is taking notice of the new innovations in the financial services industry and how it is actively pursuing collaboration to increase security, convenience and the rapid adoption of new technology. The innovation brought in by these FinTech firms is being used in niche markets and solves the unmet needs of a customer but it lacks the ability to scale. For this reason, banks are now opening up their operations to collaborate with FinTech startups to reach a far greater network with much more efficiency. In this space for bank-FinTech collaboration, there is a need of a catalyst which not only preserves the FinTech’s agility and innovation but also unites it to a bank’s reach and assets. One such opportunity which gives an immense fillip to bank-FinTech partnerships and can serve as a catalyst is the Finacle FinTech Connect.
- Co-innovate and integrate the product offering with Finacle solutions - Present the solution at the global client conference, Infosys Confluence, in San Francisco in May 2017 - Leverage joint go-to-market with Finacle
Additionally, as the judging panel consists of leading banks, the winning FinTechs also stand a chance to win a commercial opportunity with the evaluating banks.
All entries should have a working demo and at least one live banking client. LTP, along with its MEDICI platform, is a partner for this program and is acting as a bridge between EdgeVerve and FinTech companies. The winners will also be given coverage in LTP.
You can APPLY for the program here. If selected, based on your submitted collaterals, you will be invited to attend the first round of evaluation and briefing. The first round will be conducted at Infosys’ Bangalore campus. The shortlisted FinTechs will have an opportunity to present at the final evaluation in Mumbai in mid-April.
For any queries, you can reach out to firstname.lastname@example.org.