Capgemini has joined forces with Startupbootcamp (SBC) Australia as the first corporate partner for SBC’s upcoming FinTech Accelerator Program in collaboration with the Victorian Government and YBF Ventures.
The program, focused on Open Banking and Customer Experience, will 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 fueled 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. Our association with Startupbootcamp Australia will provide access to a global ecosystem of startups and with the leverage of our local expertise, we will be able to deliver to our clients’ growth, simplification and an applied innovation agenda,” said Deepak Nangia, Executive Vice President and Head of Financial Services, Capgemini in Australia.
The relationship with Startupbootcamp will see Capgemini facilitating partnerships and pilots between corporates and startups participating in the program. Capgemini 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 startups on business processes, technology considerations, and go-to-market strategies. This orchestration will enable financial services organizations to better explore, interrogate, shape and de-risk their FinTech possibilities.
“At Capgemini, we recognise the relevance of an ecosystem approach for driving new business models in the digital age. Our Applied Innovation Exchange platform and network of Innovation centres enables us to contextualise, experiment and scale with speed, certainty, trust, and intelligence. Capgemini has developed a global ecosystem approach, where we work with startups, scale-ups, hubs, accelerators, and universities focused on solving business problems for our clients and helping them to differentiate and leapfrog ahead of their competition,” said Sudhir Pai, Executive Vice President & Chief Technology Officer - Financial Services at Capgemini.
Startupbootcamp is the only innovation accelerator in Australia that recruits startups 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.
Commenting on the alliance, Trevor Townsend, CEO 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 groundbreaking technologies which will significantly improve the experience of Capgemini’s customers.”
Startupbootcamp runs 21 programs around the world, with FinTech and InsurTech programs in cities such as New York, London, Mumbai, Dubai, Amsterdam and more. Founded in Copenhagen and Amsterdam in 2010, SBC is a global family of industry-focused programs all over the world. They provide direct access to an international network of the most relevant mentors, partners and investors all over the world. Each program is tailor-made to deliver strategic value in a compact time frame. In 2017, Startupbootcamp launched Scale, a new corporate innovation program designed for more mature companies to expand internationally and increase revenues and funding opportunities.