As the dust of the new year’s festivities settles, F10, Switzerland’s most prestigious startup accelerator and incubator in the FinTech industry, announced that Raiffeisen was the newest corporate partner to join its ranks.
The membership is effective as of today. As Switzerland’s third-largest co- operative bank after UBS and Credit Suisse, the bank serves its 3.7m customers via 930 locations across the country. It also leads the Raiffeisen Group, which offers a wide range of financial products and services to private individuals and businesses.
Much like the other F10’s other corporate members, Raiffeisen has already shown its interest in supporting the developments happening in the world of FinTech, InsurTech, and RegTech both financially and operationally. The bank has also partnered with FinTech startups such as Avaloq in the past.
“It is with great pleasure that I announce our latest corporate member, Raiffeisen, a Swiss bank that has been at the heart of the community in this country since it was first established. Their membership strengthens both of us, and is a win-win for all, including the startups they will help to guide to success in the coming years,” said Andreas Iten, co-founder and board member of F10.
“F10 is at the vanguard of the technological revolution in FinTech, and our sponsorship by SIX [the Swiss stock exchange] along with our strong board of corporate membership reflects our importance in leading Switzerland into the future of finance. We would like to take this opportunity to welcome Bank Raiffeisen to our family, and we look forward to collaborating further in the coming months.”
F10 FinTech Accelerator and Incubator’s corporate board members include some of the country’s leading financial institutions, including ZKB, ERI Bancaire, Julius Bär, PwC, the Baloise Group, eny Finance, and Generali.
Corporate members help F10 startups completing accelerator programs. In return, corporate benefit from being at the cutting edge of the latest developments in FinTech as the startups benefit from the experience of banking and finance institutions shaping their product for market readiness.
Contributed | what does this mean?