Team8 and Deloitte Join Forces to Facilitate the Spread of Innovative Technology for Financial Services

NEW YORK and TEL AVIV, Dec. 21, 2021 /PRNewswire-PRWeb/ -- Team8 is announcing that it is extending its relationship with Deloitte to facilitate the use and development of innovative technologies for financial services and reduce the risks associated with startups through proactive and early engagement with customers. The intent is to connect Team8's fintech startups with Deloitte and its clients to leverage these new technologies, and to help them understand industry pain points, identify new opportunities, validate solutions and accelerate market access.

Deloitte, through its Catalyst group, works to enhance corporate innovation opportunities for promising start-ups, while Team8 partners with entrepreneurs to build cutting edge fintech companies. As such, this relationship will enable Team8's fintech startups to engage in robust market validation processes and gain broader access to insights on emerging trends, while providing Deloitte's ecosystem with access to innovative technology and the teams that create it.

As part of the extended relationship, Deloitte and Team8 are currently exploring emerging trends and innovative solutions in the tax sector that are largely being driven by fintech companies. The research will culminate in the publication of a joint report that is scheduled for release in the coming months.

Zach Aron, Principal, Deloitte's Global and US Consulting Fintech Leader: "Team8 is a leader in building startups with technology that has the power to transform the way companies do business. By working with them, our clients will benefit not just from the technology, but from the expertise that Team8 brings. We look forward to collaborating with Team8 and our clients to understand how the market is shifting and where the most promising fintech opportunities exist."

Rakefet Russak Aminoach, Managing Partner, Team8 says, "Fintech is a complex industry where innovation needs to sit alongside a deep understanding of the business' domain, regulations, privacy issues and cyber threats. Today, it's not just financial services firms exploring fintech solutions, but also non-financial firms. Both need to be able to access the right combination of financial technology and financial expertise as they grow their offerings. The relationship with Deloitte is a wonderful opportunity for us to engage with these companies in order to share experiences and learnings."

The financial industry is facing demands for better, more personalized and affordable financial services. The increased use of digital services is opening doors for new solutions. Firms looking for the right solutions will now be able to benefit from the combination of Deloitte's consulting services with Team8's experience to drive improved understanding of fintech, to reduce risks and to benefit from collaborative research and insights that support long-term innovation.

About Team8
Team8 is a venture group that builds and backs cutting-edge technology companies in the fields of cybersecurity, data, and fintech. Team8 rethinks venture to provide entrepreneurs with an unfair advantage, accelerating success in an increasingly competitive landscape. Its extensive network of global leaders uniquely positions Team8 as the venture partner of choice with a deep understanding of the industry's challenges. Team8's leadership team includes unicorn founders, bank and fintech CEOs, and former leaders of Unit 8200, Israel's elite military technology and intelligence agency. For further information, please visit http://www.team8.vc

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Now celebrating 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 330,000 people worldwide connect for impact at http://www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see http://www.deloitte.com/about to learn more about our global network of member firms.

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SOURCE Team8