Thursday, 02 August 2018 12:01

Capgemini, Startupbootcamp partner on fintech accelerator

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Capgemini, Startupbootcamp partner on fintech accelerator Image courtesy of Sujin Jetkasettakorn at FreeDigitalPhotos.net

Global consulting, technology and outsourcing company Capgemini has teamed up with Startupbootcamp Australia as the first corporate partner for SBC’s upcoming finTech accelerator program.

The SBC fintech accelerator program is being run by SBC in collaboration with the Victorian Government and YBF Ventures, and is focused on open banking and customer experience.

The partnership with Startupbootcamp will see Capgemini facilitating partnerships and pilots between corporates and startups participating in the program.

Capgemini says it will also leverage its Applied Innovation Exchange platform that includes a global network of ecosystems, innovation experts and a domain driven approach to mentor and consult with the start-ups on business processes, technology considerations, and go-to-market strategies.

According to Capgemini, the orchestration will enable financial services organisations to better explore, interrogate, shape and “de-risk their FinTech possibilities”.

The fintech accelerator program is focused on Open Banking and Customer Experience, and is designed to bring leading edge and innovative technologies for the banking, insurance and superannuation sectors to Australia from around the world.

“With the fast-evolving financial services landscape fuelled by dynamically changing customer expectations, disruptive technologies and tightening regulatory compliance, it is time for the financial services industry in Australia to leverage an ecosystem-led innovation,” said  Deepak Nangia, executive vice-president and head of Financial Services, Capgemini in Australia.

“Our association with Startupbootcamp Australia will provide access to a global ecosystem of start-ups and with the leverage of our local expertise, we will be able to deliver to our clients’ growth, simplification and an applied innovation agenda.”

Capgemini says the Startupbootcamp is the only innovation accelerator in Australia that recruits start-ups globally and aligns them with its corporate partners’ business challenges.

“After the success of SBC’s first Australian program earlier in the year, Capgemini has been the first mover in joining the fintech program,” the company says.

Startupbootcamp runs 21 programs around the world, with fintech and insurtech programs in cities such as New York, London, Mumbai, Dubai, Amsterdam and others.

Trevor Townsend, chief executive of Startupbootcamp Australia, said, "SBC Australia are excited to work with a company with such an impressive global presence such as Capgemini.

“We will be building on our existing partnership in Europe to ensure early adoption to the Australian market of ground-breaking technologies which will significantly improve the experience of Capgemini’s customers.”

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