Non-major pursues fintech collaboration

by Madison Utley17 May 2019

A non-major bank has launched a three-month program aimed at investing in the advancement of digital financial customer services.

Suncorp is seeking fintech start-ups to collaborate with on “new and innovative projects,” as part of its newly launched Digital Incubator Program, based out of Brisbane.

The intention is for the three-month partnership to provide the resources needed by start-ups to make their innovative ideas a reality.

The 90-day program will provide the fintechs with access to technology and business mentors, designers, data and experts.

According to Suncorp chief information officer Sarah Harland, “The program will facilitate an exciting exchange of ideas.”

“An innovative new wave of fintechs will be able to test and validate their ideas, learn from industry experts in banking and insurance and leverage Suncorp’s vast data capability to hone their business models, with the aim of ultimately deploying new solutions to provide value to Suncorp’s nine million customers across Australia and New Zealand,” she added.  

The program is now open for applications. Suncorp plans to accept two start-ups at its first intake, slated to commence in June.