First Compliance Navigator bootcamp sets off in Frankfurt’s TechQuartier
Today Atos, equensWorldline, PwC and TechQuartier announced the launch of the first global Fintech ‘Compliance Navigator’ program. This new program aims to support FinTechs to navigate within European banking compliancy and regulatory standards when working with large financial institutions, in order to accelerate the time-to-market of their new services and products.
Compliance Navigator is a 3-day bootcamp held from 5-7 November. This is the first program of its kind worldwide, and will be moderated by TechQuartier, in the financial capital of Frankfurt. Through open exchanges with senior experts from banks, auditing, payment services and technology, the aim is to support start-ups to strengthen understanding, reduce friction and identify the key steps for cooperation in order to enable them to create solutions that are compliant with existing banking standards.
While the program will offer a high-level perspective on the banking regulatory landscape, the goal is really to dig deeper into key areas that can be particularly challenging for Fintechs, such as data protection, customer onboarding, ‘know your customer’ (KYC), fraud prevention or access control and trusted authentication.
Alessandro Baroni, CMO equensWorldline: “Changing market requirements make the world of payment services as exciting as it is challenging. Moving from a more competitive perspective, existing market players and FinTechs are beginning to realize the benefits of collaboration – or co-innovation. At equensWorldline we strongly believe that combining our technological expertise with those of our customers and partners with the creativity of FinTechs will hugely benefit the end customer. The recent Worldline e-Payments Challenge and the Compliance Navigator clearly demonstrate our dedication to the concept of co-innovation.”