On Wednesday, the EY Americas Tax Innovation Foundry announced plans to host a FinTech Pitch Day on June 28th at District Hall in Boston. EY reported it is inviting fintech startups from around the globe to pitch disruptive technology solutions. Twelve applicants will be selected to present to EY leaders. The Foundry’s objective is to provide the selected startups an opportunity to collaborate with EY on future projects. Registrations for applicants are due by June 8th.
While sharing more details about the pitch day, Kate Barton, EY Americas Vice Chair and EY Global Vice Chair-Elect – Tax Services, stated:
“EY’s focus on exceptional client service requires creativity, entrepreneurial speed and flexibility to build innovative technological advances for EY Tax Services.”
EY noted that the EY FinTech Pitch Day is part of an overall Global Tax Innovation strategy to further the next generation of tax services as part of a systematic approach to address the many forces affecting clients’ functions. Jeff Saviano, EY Global Tax Innovation Leader and Americas Tax Innovation, Solutions and Technology Leader, also commented:
“In this shifting landscape, we are challenging ourselves to embrace disruption and think differently to drive bolder approaches to our clients’ most pressing challenges and deliver exceptional client service. By adopting a balanced, comprehensive approach to innovation, we will help ensure the next generation of tax services meet the needs of the transformative age in which we live. The opportunity to discover a new, leading, client solution from a startup is incredibly exciting to me and other leaders in the EY organization.”
Chirag Patel, leader of the Foundry, added:
“Tremendous shifts in global tax policies, industry-changing business models and the development of real-time, often digitally enabled, capabilities pose an uncertain future for the tax industry. We have a demonstrated track record of working with entrepreneurs and launching businesses within the EY organization, and we are highly motivated to engage startups and pursue business relationships, investments, experiments or acquisitions.”