TechPassport, a SaaS business that connects financial institutions with enterprise ready FinTech firms for faster and frictionless innovation, will launch their Enterprise Ready Questions in January 2023
IN BRIEF:
- TechPassport has announced that it has partnered with 15 of the world’s largest global banks to develop a set of Enterprise Ready Questions (ERQs) that will revolutionise the way Banks and FinTech’s work together
- These questions embody the ‘must have’ standards a FinTech must pass in order to work with a large bank or financial institution
- This is the first time a group of banks have ever worked together to create an industry standard set of questions that they all adhere to. They represent a progress towards creating transparency and clarity for both parties to be able to work and collaborate better.
What does this mean?
Head of Technology Sourcing at a Tier 1 Investment and Pension Management company commented, “the platform will have an overwhelming positive impact to the FinTech community with transparent (and honest) engagement journey from NDA to Onboarding. The collaboration with peer-Banks brought a focus to address the shared industry-wide challenge along with the collective need to expedite and standardise Questionnaire requirements eliminating hours of repetitive tasks. All leading to a stronger and more dynamic partnership under the FinTech Pledge.”
