Capgemini, a consulting, technology services, and digital transformation firm, announced on Thursday it has formed a partnership with global non-profit organization, Efma, to launch a new fintech platform, FintechVisor, which is described as a platform that’s designed to bring fintech firms and financial institutions together for collaborations.
According to the duo, the FinTechVisor portal offers a worldwide networking and collaborative community for fintech and financial institutions seeking to create partnerships. The platform will also have a feature that allows bankers and insurers to rate fintech and comment on their solutions, as well as a “matchmaker-like” personalized function for financial institutions to find a fintech partner who complements their needs and interests. William Sullivan, Head of Market Intelligence at Capgemini, stated:
“As the financial sector undergoes significant transformation, the vision of the FinTechVisor portal is to create a single point of contact where all players can find their place and be a part of the future. With so many new players offering innovation, traditional financial services organizations need a method to sort through the clutter to find the innovative FinTech partner that is the best match to transform their business.”
he FinTechVisor portal will also soon feature Capgemini’s ScaleUp Qualification Program in which ScaleUps are evaluated by Capgemini to earn their qualification as a fintech, if they meet the characteristics necessary for sustained business success in collaboration with a large corporate. Capgemini’s ScaleUp Qualification Program evaluates ScaleUps under four criteria – people, finance, business, and technology – with the vision of effective collaboration with a large corporate. Although not all fintech on the FinTechVisor portal will be eligible to apply for the Capgemini ScaleUp Qualification, all fintech on the portal have the opportunity to showcase their expertise and solutions to an audience of qualified contacts. Vincent Bastid, CEO of Efma, added:
“The future is now, and with the FinTechVisor portal, financial institutions will have easy access to an extensive array of capabilities, bringing more flexibility and innovation to banks. Capgemini’s ScaleUp Qualification Program will take the portal’s value one step further as Capgemini has been at the forefront of the FinTech collaborative revolution and has the skills to assess what is viable.”