The new innovation programme dedicated to fintechs
Banks and insurance companies are dealing with deep transformation processes. Increased competition, cost-cutting, demanding new regulatory frameworks and tough economic environment are some of the many challenges to be faced. Faster, easier, cheaper and digital, these are now the pre-requisite of any transformation in the industry. In the aftermath of the global financial crisis, the financial sector also has to contemplate long-term perspective and think for tomorrow : keeping up with the essential functions of the banking and insurance activities while fostering the revolution of uses (neo-bank, insurtech, etc.) and learning how to integrate transversal technical breakthroughs (IA, machine-learning, etc.) in reasonable way.
Leveraging on innovation and change to turn them into business opportunities for the financial sector today and beyond. This is our creed.
Following the government’s initiative to foster investments in fintechs, Paris&Co and its corporate partners (Société Générale, NewAlpha Asset Management, Crédit Municipal de Paris and Exton Consulting) have been working together to define the axis of this call for proposals, in order to address their strategic needs.
Our main objective is to promote experimentations of new products and services then accelerate the corporate development of young companies that are trying to implement new models for the financial sectors and its clients (B2B and B2C).
The launch of this new platform is indeed the occasion to unite the whole set of actors of the financial sector’s value chain. Institutional representatives (Paris Europlace, Finance for Tomorrow, Pôle finance innovation), corporate groups, researchers (Institut Louis Bachelier) and organizations (France Fintech) are all looking in the same direction : promoting excellence in a sector whose dynamism is outstanding.
Le Swave team
Head of the platform
Incubation Project Manager