InfosysFinacle

IMPACT OF START-UPS ON BANKING

The impact of start-ups is being felt across the whole range of traditional services provided by banks including for example current accounts, cards, payments, lending, savings and investments, and insurance.

WORKING WITH START UPS

There is an opportunity for banks to work with start-ups, as partners or suppliers. In general, banks recognise this opportunity. 43% of banks in our survey were positive or very positive about working with start-ups as business partners, and 41% were positive or very positive about working with start-ups as suppliers.

The experience of working with start-ups across a range of products and services is still relatively modest. The most common area of cooperation is in payments and digital marketing. 86% of banks in our survey expect to increase their involvement with start-ups in digital marketing and 78% in payments.

Infosys Innovation Fund

The Innovation Fund helps start-ups by providing early-stage capital, mentorship, product validation, customer introductions and go-to-market scale. For many of the start-ups that approach Infosys, these advantages, particularly mentorship and customer introductions are the most significant reasons to partner with Infosys. The Innovation Fund offers a great deal more than capital; and for start-ups that are post-seed and post-product, having a strong go-to-market partner is extremely valuable.

The Innovation Fund’s strategic goals include identifying start-ups that can transform and grow our core services, help us expand into new areas, or are able to identify disruptive new business models. Identifying innovative start-ups and introducing them to our clients helps deepen the relationship we have with customers and provides long-term value.

Innovation through Partnership

Yusuf Bashir - Managing Director, Infosys Innovation Fund, Lawrence Wintermeyer – CEO of Innovate Finance and Eric Van der Kleij – Head of Level39 talk about the value that the Infosys Innovation Fund can bring for both customers and start-ups – bringing disruption back into the core business proposition, and opening up new innovation and ideas by providing access to a unique community of innovators

Watch on YouTube

London and the Tech Start-up Scene – Disrupting Digital

Eric Van der Kleij – Head of Level39, Lawrence Wintermeyer – CEO of Innovate Finance and Yusuf Bashir – Managing Director, Infosys Innovation Fund discuss how London compares to other tech hubs and how it is fast becoming the preferred choice for start-ups in Europe – especially for FinTech.

Watch on YouTube

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