Fintech startups joining F10’s accelerator programme will be the first batch to be evaluated under professional services firm PwC Singapore’s accreditation programme.
As part of this, the start-ups will be assessed on areas such as compliance, their business model, team talent and financials.
“There is a focus on technology and digital transformation within the financial services sector and we hope to continue to spur innovation and strengthen Singapore’s fintech ecosystem through collaborations like these,” says Wanyi Wong, fintech leader at PwC Singapore.
PwC Singapore is looking to tap on fintech to improve companies’ efficiency and enhance the customer experience at a lower cost. For this, it has been working with players in the ecosystem to leverage on the intersection between financial services and emerging disruptors of technology.
Its tie up with F10 is part of a bigger initiative to co-create the future of financial services in Singapore.
F10 is a Switzerland-headquartered incubator and accelerator, which has a global innovation ecosystem. Other corporate partners it is working with includes the Swiss Stock Exchange (SIX), Bank Julius Baer and R3.
F10’s six start-ups undergoing accreditation by PwC Singapore, are also the inaugural batch in its accelerator cohort in Singapore.
These start-ups include: Apiax, which transforms complex regulations into digital compliance rules that can be accessed by everyone, and SynctacticaAI, a predictive data science platform which supports businesses in turning their data sets into actionable insights.
Jonas Thürig, head of F10 Singapore is a firm believer that the fastest route to innovation lies in early collaboration between agile startups, incumbents and investors.
“With PwC Singapore’s FinTech accreditation program, startups in F10’s Acceleration Program can now benefit from new ways to build trust and open doors with corporates," he reckons.
