Beyond POCs: Fostering long-term collaboration between Incumbents and FinTechs
There’s been a lot of talk about Banks and Financial Institutions appetite for working with FinTech companies and other startups. Yet successful collaboration requires commitment and agility from both sides – FinTechs and Incumbents, and most engagements with large organizations frizzle out because of the incapability of creating real collaboration projects. Between differing cultures, vastly different infrastructures and an ever-changing compliance playing field, a collaboration between banks and FinTechs is far from simple, derailing many proposed partnerships.
Is it enough to have the appetite for working with startups? Startups can provide enormous value but can incumbents identify what the value is? Or is it just the matter of observing, keeping up with trends? What does it take to create meaningful collaboration between FinTech startups and incumbents? What are the key challenges they face?
Join us with the expert panel:
– Nektarios Liolios, Founder & CEO of Rainmaking Colab & Startupbootcamp FinTech
– Hélène Alumni-Botteri, Senior Vice President at Wells Fargo Startup Accelerator – EMEA
– Nigel Verdon, Founder and CEO of Railsbank
Moderator: Sarah Kocianski, FinTech Lead for Business Insider Intelligence