PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

EY signs up to FinTech trade body Innovate Finance

EY has signed a membership deal with Innovate Finance, the global FinTech association based in the UK, as part of its commitment to build its FinTech practice and champion the UK as the world’s global hub for FinTech innovation. 

Innovate Finance already has a community of over 120 FinTech companies, including startups, established financial services institutions and two USD1 billion unicorns, but EY will be the only Big Four member organisation.

Under the agreement EY will pilot a unique talent program in which EY staff will be seconded into the Innovate Finance member community for three month periods to help accelerate innovation programmes and startup growth. EY will also collaborate on major research projects on emerging FinTech trends such as open payments, financial inclusion, regtech and blockchain technology.

EY has been building its long-standing reciprocal relationship with the wider entrepreneurial community since 1986, when it launched the Entrepreneur of the Year (EOY) programme. EOY now has a global reach spanning over 60 countries and celebrates the world’s most successful and innovative entrepreneurs. In the last few years EY has been specifically growing its FinTech expertise, and just last year launched a startup accelerator programme in the UK to grow and develop the country’s most innovative technology companies.

Imran Gulamhuseinwala (pictured), EY’s EMEIA FinTech Leader says: “FinTech innovation is the new frontier for financial services. Our report for UKTI last year showed that FinTech is already a GBP20bn industry in the UK and growing exceptionally fast. The UK is a hub for financial innovation, and organisations such as Innovate Finance play a crucial role in helping both new and established FinTech firms to develop and grow. We are delighted to be supporting Innovate Finance.”   

Lawrence Wintermeyer, CEO of Innovate Finance, says: “The EY talent programme is an exciting new pilot that will give EY staff the opportunity to work directly in the FinTech ecosystem. This is a win-win agreement for both partners and will see our members gain access to a professional pool of talent to support exciting mission critical projects”.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured