We are dedicated to FinTech
In the summer of 2014 SIX launched a new project to systemize and accelerate existing innovation processes in their own organization. This project slowly grew into F10, with the most important milestones being the formalizing of F10 as a Fintech Startup Incubator / Accelerator in August 2015. Soon thereafter, F10 progressively expanded on technology scouting, organized two international #SIXHackathons, coordinated 15 Innovation Sprints which resulted in 15 FinTech prototypes, and accompanied and supervised a select startup company over a period of six months in the F10 Incubator program.
This was followed by a next, important step: F10 became an association in September 2016 and starting from November 2016, will offer a fully fledged Accelerator Program for startups in cooperation with other Swiss companies in the finance, insurance and consulting sectors. Technologies in the areas FinTech, RegTech and InsureTech are the main focus and F10 intends to promote these ecosystems in Switzerland and link them to the world. Further goals are increasing the efficiency of the Swiss financial and insurance industries by giving them optimal access to technological innovations and helping them put these to use for themselves.
The new associational structure of F10 massively increases the possibilities: With this structure and the primary focus on FinTech, RegTech and InsureTech other companies specializing in these fields can simply join the association to become part of an ecosystem focussed on innovation. Through this the existing know-how is expanded, and SIX as well as future startups supervised by F10 will profit from it. F10 will thus become a communal project of the Swiss finance and insurance sectors and will be able to commit itself entirely to its mandate to innovation thanks to these dedicated resources. Flat hierarchies will facilitate innovation and faster decision making processes, which in turn will make it easier for association members to bring their newly created products to market faster and in a more profitable way.