Open Innovation

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Fintech-Insurtech Innovation Zone

Disruption Turns Into An Opportunity

FinTLV is a unique open innovation platform, focusing on FinTech and InsurTech technologies. Powered by SOSA, the global network of tech innovation hubs, FinTLV’s unique innovation zone is pioneering the future of financial and insurance technology. FinTLV Innovation Zone is a mutually beneficial relationship between entrepreneurs and multinational corporations. This dedicated platform directly connects Fintech-Insurtech industry leaders and disruptive Israeli technologies, with the purpose of identifying and matching next-generation technology solutions to corporations’ specific needs, in a timely, smooth, and cost effective way.

In a world where industries are constantly disrupted, and knowledge is widely decentralized, companies must establish an on-going connection to external sources of innovation. Banks and insurers have the opportunity to become leaders in digital transformation, discover additional sources of revenue, and spearhead a bright new era of financial service excellence. To unlock these opportunities, they must be connected and properly armed with the innovative Israeli technologies that are constantly disrupting the industry.

The Opportunity

A New Approach to Innovation

OUR VISION

Connecting Demand and Supply of Innovation

The FinTLV Innovation Zone, powered by SOSA, connects industry leaders to the heart of the Israeli startup ecosystem. Our established global network is an integral part in bridging the gap between the supply and demand for innovative technology. The FinTLV Innovation Zone platform accomplishes this through a 3-part process:

Assessing corporate needs and room for growth
Presenting a curated set of relevant, practical, and implementable solutions
Piloting and integrating select technologies to respective stakeholder

Assisting financial corporations by in-sourcing innovative technologies and creating new business models
Integrating existing solutions from other verticals, such as Big Data, predictive analytics, cyber security, IOT, AI, etc
Optimizing current industry paradigms by identifying and integrating relevant hi-tech startups
Driving disruption and innovation in the Fintech-Insurtech industry

OUR GOALS

Focused on Partner’s Success

PARTNER'S VALUE

Innovation as-a Service

Partners of the FinTLV Innovation Zone are introduced and integrated into our global community, building a vibrant network for collaboration. FinTLV Innovation Zone positions its partners at the forefront of industry disruption by providing primary access to technologies addressing their needs. Partners are given the opportunity to invest in participating startups. With this distinct market positioning comes enhanced brand value.

A 12-month program in which selected startups will engage in valuable mentorship sessions, business development, demo days, and POCs.

Corporations will take part in committee meetings, curated content events, demo days, marketing and professional activities and work closely with the Innovation Zone leadership to successfully implement POCs within their corporation.

TIMELINE AND STRUCTURE

Concrete Deliveries within 12-Months Program

IT'S WHO WE ARE THAT MAKES THE DIFFERENCE

Founded in 2013 by 25 leading Israeli investors and high-tech entrepreneurs, SOSA, the global network of tech innovation hubs, brings together startups, entrepreneurs, corporations and investors – all under one roof. This exclusive global network bridges the gap between the supply and demand of corporate innovation. With SOSA’s unique multipronged approach to innovation, corporations and startups in traditionally separate industries interact in new ways, thus providing unparalleled value for all parties involved. SOSA’s unique global network has expanded rapidly and now has over 3,000 startups and numerous multinational corporations and investors with more than $15 billion USD in funds.

FinTLV is an innovative Fintech VC fund with a vision to meet financial industry challenges by nurturing Israeli startups in the FinTech/InsurTech space and applying the right solutions to the right business needs.

Gil Arazi: 20 years’ experience as Senior Manager in some of the biggest Israeli insurance companies: VP Migdal Group; Senior VP Phoenix Insurance; CIO Clal Insurance; CEO of Clalbit Systems – Clal Insurance’s IT Company

Gilbert Ohana: Retired LTC, former Head of the IDF’s Elite Technology & Intelligence Unit (ISNU-8200) CTO group. Gilbert brings 15+ years of executive level experience and 26+ years of experience in leading strategic IT and Enterprise Architecture initiatives, focused on Digital and Cloud Transformation, Advanced Analytics and Cyber Security

Benjamin Gabbay: Senior Partner & Executive Committee Member; Former Head of Ernst & Young’s Financial Services Department, Israel (1998 – 2014)

Mark Chess: 17 years experience in VC, Managing Director of Infinity Equity, a $800m fund, lead investments to M&A and IPO, managed Infinity-NSF portfolio.