Salesforce adds RegTechs to Accelerate program

A number of RegTech and FinTech companies are set to take part in the Salesforce Accelerate program, which has launched in Europe today.

Salesforce has bought in 14 startups for its new Salesforce Accelerate programme. The first workshop is taking place in London, with two more in-person workshops to be held in Dublin and Paris at later dates.

A four-month virtual programme, Accelerate is designed to provide the insights and support that companies need to strategically align with Salesforce and accelerate their time-to-market with AppExchange, a cloud-computing applications marketplace run by Salesforce. Previously known as the Salesforce Incubator, this program has already successfully graduated more than 40 companies.

Five of the 14 businesses to have signed up are from the United Kingdom, with Italy, Netherlands and Denmark among the other countries represented. All of the companies are developing applications in relation to the InsurTech and FinTech industries.

They include Ireland-based ID-Pal, which provides a simple, secure and convenient identity verification solution that allows businesses to onboard customers whilst meeting regulatory requirements.

Accelerate also includes Electronic Identification, a Spanish RegTech providing face to machine user identification solution — based on video, fully compliant with Financial Regulations EIDAS, AML2, and PSD2, and ume, an automated due-diligence of fund distributors for the asset management industry.

Israel-based Glassbox, which offers compliance ‘confidence on an Enterprise level’ by providing the ability to record, store and retrieve every single session, and, a French startup turning any existing web API into a streaming API, have also made Accelerate.

Joaquin de Valenzuela Head of Financial Services EMEA at Salesforce said: “Financial Services was one of the first industries to experience the impact of the new generation of clients demanding personalized, high-value and easy to use services.”

“It is also a highly regulated space, which means both established and new players need to share the fundamental values of trust and transparency. These innovative companies are among those pioneering new uses of technology and disruption in Financial Services, all driven by a focus on customer experience.”

The remaining companies include investment platform InvestGlass, point of sale system Eposly, payment processor Asperto, InsurTech startup Digital Fineprint, reporting tool Singlify, IoT platform Octo Telematics, and Analytics platform Venturelytic.

Subaio, which claims to be an “Antivirus for your bank account,” and RELAYTO, which turns complex financial information and files into persuasive customer experiences, have also made the programme.

Copyright © 2018 RegTech Analyst

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