CFTE and Finance Innovation go upskill in France
Finance Innovation – the French government-backed innovation cluster – and the Centre for Finance Technology and Entrepreneurship (CFTE) have partnered to develop the competitiveness of France by upskilling its human capital.
Under the terms of the collaboration, Finance Innovation will be the main distributor of the CFTE courses across the whole country.
This will provide financial institutions and individuals access to a portfolio of courses including a foundational course on fintech, application of artificial intelligence (AI) in finance and impact of GDPR on business.
Joelle Durieux, CEO of Finance Innovation, says it is “confident in the capacity of our partner CFTE to bring high level training and expertise to the human resources of our ecosystem”.
Established over a decade ago by the French government and the whole financial ecosystem, Finance Innovation’s mission is to “ensure that the national financial services eco-system remain at the forefront of innovation”.
This is achieved by educating it on the impact of emerging technologies but also connecting it with high-potential start-ups. By working with CFTE, Finance Innovation will be able to directly support its 500 corporate members who are SMEs, banks and Insurers.
CFTE explains that delivery will be done either online and at-scale to support digitisation and upskilling efforts or physically in classes for bespoke masterclasses.
According to Finance Innovation, this announcement comes at the time where the French fintech eco-system closed $300 million, a “record” amount of funding in 2017 for its start-ups.
It adds that France’s eco-system is further boosted by a series of recent initiatives such as President Emanuel Macron $1.5 billion investment in AI, the launch of “Tech Ticket” packages offering fast-track visa and $47,000 grant for eligible entrepreneurs, and the opening of Station-F the “world’s largest start-up campus” covering 34,000 square metres.