The Italian bank Intesa Sanpaolo launches a strategic partnership with “The Floor”, the Fintech new startup incubator in Israel in Tel Aviv, among the most important in the global innovation.

Objective of “The Floor” is to become a true “hub”, a reference point for the market where, to make selection and start-up mentoring by bank partners, but also there will be an R & D center, training programs for the sector, co-working spaces and meeting to encourage dialogue with financial and technology partners.

The birth of “The Floor” relies on the fundamental contribution of the Chinese Fund Pando Group and sees four foreign banks as strategic partners: Intesa Sanpaolo, Royal Bank of Scotland, HSBC and Santander.

Together with the banks are also present two technological partners: INTEL and Thomson Reuters.

The areas covered by the start-ups that will be incubated intercept the crucial issues that are now the focus of attention for the financial sector are : blockchain; Big Data; electronic payments, trading, development of mobile and sensitive subject of anti-fraud systems.

The partnership with The Floor will allow Intesa Sanpaolo to make it exclusive scouting Israeli FinTech reality and to carry out mentoring activities on companies considered of interest.

“We are proud to be today one of the founders of The Floor, a project that has all the ingredients to become an excellent platform on the international scene FinTech. Intesa Sanpaolo has always considered this particular innovation is a fundamental tool segment for the evolution of the banking sector. Becoming part of The Floor is a further step in the consolidation and growth of our international network of innovation in the ecosystem”, Maurizio Montagnese – Chief Innovation Officer of Intesa Sanpaolo said.


Source: medNews