The buzz around fintech has gained the substantial attention of traditional financial institutions in the recent times, start-ups, venture capitalists, and regulators. Banks and regulators are hard-pressed to revisit their operating model and policies respectively to create a conducive environment of collaboration and dynamism amidst the participants in the fintech ecosystem.

In a research report by KPMG, one of the big 4 auditing and taxation firms in the world, we came to know that India in collaboration with NASSCOM 10,000 start-ups and Matchi, is developed with a vision to help and guide India to become a key fintech hub through cross-industry collaboration and global benchmarking.

Now yet another taxation giant, the EY Americas tax innovation hub yesterday publicized its strategies to host a ‘FinTech Pitch Day’ on 28th of next month at District Hall in Boston. EY reported it is inviting fintech start-ups from around the globe to pitch disruptive technology solutions. Twelve applicants will be selected to present to EY leaders. The Hub’s prime objective is to provide the selected start-ups an opportunity to collaborate with EY on future projects. Registrations for applicants are due by June 8th.

While sharing more details about the pitch day, Kate Barton, EY Americas Vice Chair and EY Global Vice Chair-Elect – Tax Services, stated:

“EY’s focus on exceptional client service requires creativity, entrepreneurial speed and flexibility to build innovative technological advances for EY Tax Services.”

EY notified that the FinTech Pitch Day is part of an overall Global Tax Innovation strategy to further the next generation of tax services as part of a systematic approach to address the many forces affecting clients’ functions. Jeff Saviano, EY Global Tax Innovation Leader and Americas Tax Innovation, Solutions and Technology Leader, also commented:

“In this shifting landscape, we are challenging ourselves to embrace disruption and think differently to drive bolder approaches to our clients’ most pressing challenges and deliver exceptional client service. By adopting a balanced, comprehensive approach to innovation, we will help ensure the next generation of tax services meet the needs of the transformative age in which we live. The opportunity to discover a new, leading, client solution from a start-up is incredibly exciting to me and other leaders in the EY organization.”

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