Fintech Venture Studio
EY Fintech Venture Studio
Fintech Venture Studio was a one-stop centralized platform to allow clients to discover & obtain a better understanding of EY’s best-in-class FinTech solution offerings in the form of POC’s (40+ FinTech solutions across Payments, Lending, Wealth, Insurance etc.), Point of Views (14 different domains such as Digital Banking, Blockchain, AI, Cyber etc.), customer value propositions (‘Strategy to Delivery’ approach, to reach out to untapped customer segments such as solutions for Gig Economy, Senior Citizens, SME’s etc.), thought leaderships (ASEAN FinTech Census 2018, FinTech Ecosystem Playbook, Industrializing blockchain in ASEAN, State of FinTech in ASEAN and Thailand FinTech Landscape) and client case studies.
EY Venture Studio was a platform set out to build a better working world through solutions and services that our company provides. The FinTech Hub will connect the FinTech ecosystem and bring awareness to the community, while providing FinTech solutions to corporate entities who are looking to boost commercial productivity through FinTech solutions.
EY Fintech Solution Studio comprised dedicated service solutions to leverage trust, access, and insights value propositions. EY Assured focused on offering financial institutions trust and identifying and managing the risks associated with the increased use of technology in financial services. EY Voyager focused on helping incumbents in their digitization journey leveraging access to startups and corporate decision-makers by offering a structured program that builds working products and facilitates commercial success. Finally, EY Blueprint focused on leveraging brand and provide insights to help businesses become scalable and sustainable through partnerships and ecosystem collaboration, partnering with financial or non-financial ecosystem partners.
“Leverage technology to develop new and augment existing capabilities for discovery, distribution, operations and servicing of financial products & services.”
Fintech Solution Capabilities
Fintech Onboarding Lifecycle
Structured process for B2B Financial Institutions to discover customer segments they want to serve, identify fintech and technology partners capable to solving the need, undertake partner selection and due-diligence and finally implementing 100 day MVP process to undertake a proof of concept deployment
Customer Segments
Customer Value Propositions are unique market segments with their individual identified characteristics and addressable needs in which Financial Institutions can bring value to.
These are playbook for identifying needs, opportunity, and potential financial services solutions for customer segments like gig-economy, migrant workers, HENRY (High Earning, Not Rich Yet)
Proof of Concept (POC) Kit
Proof of concept (PoC) is a realization of a certain method or idea in order to demonstrate its feasibility, or a demonstration in principle with the aim of verifying that some concept or theory has practical potential. We curated a marketplace of over forty fintech solutions across 5 primary sections (Wealth management, Insurance, Payments, Lending and Operations) which are validated to be ready to deploy within 100 days or less.
Fintech Service Capabilities
Assured
Identify, access and help manage the risks associated with increased use of technology in financial services. Assisting FI’s identify, access and help manage the risks associated with the increased use of technology in financial services by providing services around Compliance Certification, FinTech Onboarding Due Diligence and obtaining regulatory licenses for FinTechs
Blueprint
Develop businesses to be scalable and sustainable through partnerships and ecosystem collaboration. Developing businesses to be scalable and sustainable by building strategies around Growth & Scale-up, Market Entry & Landscape and product co-creation by partnering with financial or non-financial ecosystem partners.
Voyager
Structured program builds real products and facilitates commercial success through leveraging on the financial services experience and technology capabilities. Structured program to assist our clients in rolling out maximum value propositions in 100 days, building accelerators & incubators and source & select fintech partners