It can be very tedious onboarding a new startup if you work at a bank. It can also be very frustrating as a startup founder to find that your project doesn’t pass a banks’ internal tests. A solution needed to be found. And Layla White, a former procurement manager at HSBC, has done just that.
This year Layla and her team have been spreading the word about their new match-making platform at events like Money 20/20 Europe, FinTech Week London and FinTech New York. Their popularity has been increasing.
Supported by 15 of the worlds largest global banks, TechPassport is creating a solution that benefits both sides, while also allowing banks to deliver on the FinTech Pledge. The amount of FinTech products that are now listed on the site is in excess of a thousand. Many of these startups are learning what else they need in order to better secure the deals they so desperately need. In the meantime, more and more stakeholders amongst the banking community are learning about the platform and turning to TechPassport for help.
Duncan was chosen as an advisor because of his vast experience in the sector which gives him a view from both sides of the fence, having worked at Daiwa Capital Markets, CitiGroup and Merrill Lynch.
Layla White, Founder and CEO of TechPassport shared:
“Having Duncan join our team is a huge step forward. Not just for TechPassport, but for the future of collaboration between FinTechs and banks. Duncan brings years of experience working at global financial institutions as well as on the FinTech supplier side, so understands the nuances each face in this industry problem. His expertise will be essential in helping hundreds of founders better understand how to position their startups to better collaborate with banks.”
Duncan Stuart-Reid, Chief Operating Officer at SteelEye added:
“I’m excited to join TechPassport’s Supplier Advisory Board. As it stands, it is often not viable for start-ups and smaller FinTechs to sell to banks because it is too expensive and resource-intensive to do so. This means that banks aren’t getting access to new and innovative technology solutions and start-ups have restricted growth potential. The work TechPassport are doing in connecting banks and FinTechs and streamlining the due diligence and POC process is therefore so important.”
About TechPassport
Founded in 2019 TechPassport was created to help lower the barrier of entry for FinTechs who are looking to work with banks from across the world. The platform aims to do some of the heavy lifting for startups that want to work with banks. The angel-backed team helps startups get their compliance documents and legal paperwork in order before they engage with banks, to make the onboarding process faster.
The Techpassport team actively scouts for startups to include on the platform and groups them according to their specialism – payments processing, security, etc. Banks can use the platform to find suppliers. Knowing that those who are listed won’t be starting from scratch when it comes to procurement requirements.
TechPassport connects banks and FinTechs without the friction, making the process smoother, faster, and cheaper. From sourcing a supplier, through to NDA’s and PoC’s, our Saas based platform uses intelligent workflows when onboarding FinTechs, enabling your people to reclaim time for higher value activities.
