Team8 is announcing that it is extending its relationship with Deloitte to facilitate the use and development of innovative technologies for financial services and reduce the risks associated with startups through proactive and early engagement with customers. The intent is to connect Team8’s fintech startups with Deloitte and its clients to leverage these new technologies, and to help them understand industry pain points, identify new opportunities, validate solutions and accelerate market access.
Deloitte, through its Catalyst group, works to enhance corporate innovation opportunities for promising start-ups, while Team8 partners with entrepreneurs to build cutting edge fintech companies. As such, this relationship will enable Team8’s fintech startups to engage in robust market validation processes and gain broader access to insights on emerging trends, while providing Deloitte’s ecosystem with access to innovative technology and the teams that create it.
As part of the extended relationship, Deloitte and Team8 are currently exploring emerging trends and innovative solutions in the tax sector that are largely being driven by fintech companies. The research will culminate in the publication of a joint report that is scheduled for release in the coming months.
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Zach Aron, Principal, Deloitte’s US Consulting Fintech Leader: “Team8 is a leader in building startups with technology that has the power to transform the way companies do business. By working with them, our clients will benefit not just from the technology, but from the expertise that Team8 brings. We look forward to collaborating with Team8 and our clients to understand how the market is shifting and where the most promising fintech opportunities exist.”
Rakefet Russak Aminoach, Managing Partner, Team8 says, “Fintech is a complex industry where innovation needs to sit alongside a deep understanding of the business’ domain, regulations, privacy issues and cyber threats. Today, it’s not just financial services firms exploring fintech solutions, but also non-financial firms. Both need to be able to access the right combination of financial technology and financial expertise as they grow their offerings. The relationship with Deloitte is a wonderful opportunity for us to engage with these companies in order to share experiences and learnings.”
The financial industry is facing demands for better, more personalized and affordable financial services. The increased use of digital services is opening doors for new solutions. Firms looking for the right solutions will now be able to benefit from the combination of Deloitte’s consulting services with Team8’s experience to drive improved understanding of fintech, to reduce risks and to benefit from collaborative research and insights that support long-term innovation.
