Baloise, Generali and eny finance join FinTech-Accelerator "F10"

09.03.2017 09:00

F10, Switzerland’s premier FinTech Incubator and Accelerator, today announced that three new corporate members had joined: Baloise Group, Generali Group Switzerland and eny Finance. The three new members specialize in insurance, pensions and financing. Existing member of F10 include SIX, Julius Baer and PwC.

The three new members are strong additions to F10 FinTech Incubator & Accelerator. Baloise Group brings with it a strong reputation for providing not just superior customer support, but also specialized insurance and pension products and services that go beyond traditional insurance business. Generali’s focus on a service that is simple, fast and smart has led to the MIT Technology Review featuring the Generali Group as the world’s only insurance company in its 50 Smartest Companies 2015 list. With consumers demanding their needs be met above all, eny Finance’s focus on putting current needs at the forefront completes the trio.

The news comes at a time when FinTech is disrupting the traditional finance industry, pushing institutions into rethinking their approach as consumers shift their personal financial management online. With the tech landscape shifting daily, the trio of new members brings a new dimension of expertise and guidance to the F10 Incubator & Accelerator.

“Like any revolution, social or political, this is an exciting time of great change,” said Markus Graf, Head of F10 FinTech Incubator & Accelerator. “We had been looking for new members with the specific goal of providing support in creating innovative digital solutions that answer emerging issues. Baloise Group, Generali Group Switzerland and eny Finance impressed us very much, and we’re pleased to have them on-board as members — we believe that their individual skills combine to make a powerful collection of skills necessary for startup success in a demanding sector.”

Applications open for second batch
F10 also added that applications for its P2 FinTech Startup Accelerator Program were being accepted up until April 28th, 2017, and that the process was open to startups in the FinTech, InsurTech and RegTech branches. Up to 20 successful applicants will work in close co-operation with F10, its members and partners to develop a product to market with full support from the planning stages through to release. This is the third batch of applications to be made, and previous startups who qualified and participated in the P2 Program have enjoyed a high level of mentorship from industry experts.

“FinTech isn’t slowing down,” said Graf. “It’s now more important than ever to offer consumers the products they want in a convenient and speedy package without the traditional hassles — and F10 is at the heart of that revolution. With the support of our new members, we plan to be at the forefront of shaping the evolution of this industry.”

(Press release)

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