The launch of the initiative has been accelerated in response to the COVID-19 pandemic and the resulting drive by the financial services industry to digitise their sector faster than ever. As we emerge from the pandemic crisis, firms are increasingly embracing technology and truly digital ways of working to transform their cost bases and meet consumers’ increasing demand for innovative online services to be able to perform tasks, such as moving money around or using a digital wallet, more seamlessly than ever before.
TISAtech will provide financial institutions seeking to deepen engagement with the tech ecosystem with access to more than 3,600 FinTechs from around the world. The enhanced scouting, discovery and identification process will allow business leaders to scope-out and profile the suitability of FinTechs rapidly and on a single platform.
The Disruption House, the specialist benchmarking and data analytics business for financial institutions and innovative financial technology firms, will partner with TISAtech. Benchmarked scorecard assessments will help financial institutions understand a FinTech’s ability to partner with them and grow. Structured Tech Sprints and Sandboxing concepts will support the development and prototyping of new technologies. The platform will also operate as a ‘clearing house’ for problem statements presented by financial institutions on specific or generic issues that would benefit from agile tech innovation and development.
TISAtech is the latest innovation from TISA, which has succeeded in solving industry-wide issues before, including TISA Exchange (TeX); established to help facilitate the electronic transfer of wrappers and assets between fund managers, platforms, wealth managers and any firm which holds assets on behalf of investors.