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Collaboration Opportunities

This initiative forms an integral part of Efma’s mission to promote networking and sharing of knowledge and expertise among peers. It provides primarily non-competing institutions with the opportunity to learn from one another in a confidential, timely, and efficient manner. Efma members from around the globe will bring their unique perspectives, experiences, and best practices to the table.

Our Collaboration Program will bring new offerings that will help your institution discover the answers to your burning questions and challenges and help accelerate the innovation process.

Member Matchmaking

Service overview

Service overview

Member Matchmaking is a 60-minute long knowledge sharing session between member institutions. It will help gather insights and feedback regarding a chosen initiative.

It will include:

  • Agile time frame
  • 1 on 1 call between non-competing institutions (can be arranged between competing institutions if both institutions are in agreement)
  • Efma will leverage the largest library of FI innovations to share best practices and new initiatives
  • Both participating institutions must contribute in two mutual sharing sessions

 

Exclusively for Efma members

The Member Matchmaking journey

Efma offers two Member Matchmaking opportunities each year as part of Efma membership.

Initial touchpoint

Reach out to Efma with a challenge and a coordinator will identify top institutions to confirm their interest in sharing.

Participant selection

You will receive a list of already interested institutions to choose from.

Topic choice

You will be required to offer a topic/product/expertise other than what you are asking for help with.

Organize meeting

Efma coordinator will schedule a session based on the availability of both parties.

Share Your Challenge

Service overview

Service overview

SYC is a 90-minute session where a member institution will ask for input and feedback on a challenge they are facing from a selected group of non-competing peer institutions from other markets.

It will include:

  • Collaborative session between 4 to 6 institutions with an already live or existing similar initiative/challenge
  • Pre-selected topic/area of discussion
  • Presentation from hosting institution
  • Efma can make an expert moderator available to lead and guide the discussion on special request*
  • Efma can create key takeaways and share amongst the participants upon special request*

 

Exclusively for Efma members

*Some services in this opportunity will incur extra cost

The Share Your Challenge journey

Efma offers one Share Your Challenge opportunity each year as part of Efma membership.

Initial touchpoint

Reach out to Efma or your Regional Manager to highlight your challenge and discuss what you are seeking assistance with.

Participant pick

Member institution submitting challenge will be contacted to approve other suggested participants.

Organize meeting

After receiving confirmations from other participants, Efma will find a mutually agreed slot and organize a virtual meeting.

Conclusion

Key learnings from the session will be shared among participants.

Joint Development Program

Service overview

Service overview

This is a 3-4 month collaborative program that helps financial institutions develop proof-of-concepts for the most pressing industry challenges and accelerate their innovation journey.

 

To be launched in 2022

I found matchmaking exchange a very fruitful and collaborative initiative as a way to problem solving, comparing and sharing notes and also as a way of getting decent and honest feedback from fellow practitioners around the globe. EFMA is a great repository of information and contacts and I encourage the team to do more of this and intensify these encounters and meetups.

Juan Jiménez
Juan Jiménez

Head of Financial Industry Transformation

Santander

We had an opportunity to e-meet with an innovative insurance company in Turkey which won various awards including Efma-Accenture Innovation in Insurance Awards 2019. The meeting was coordinated by Efma. We exchanged ideas about the future of insurance through digital transformation. It was a great experience and we learned a lot from each other.

Atsushi Izu
Atsushi Izu

Head of London Innovation Lab

Dai-ichi Life International (Europe) Ltd

Looking for peers who can share experience on similar challenges can be a daunting task, especially now that travel and networking events have been severely restrained due to the Covid-19 pandemic. Member connections have not only enabled us to continue broadening our network but also helped us building new professional relationships. Our team found this interaction very productive, insightful and directly relevant to our business priorities.

Nicholas Hurdoyal
Nicholas Hurdoyal

Data Lead

Mauritius Commercial Bank

At numerous stages of our own transformation in the past and even now, we reach out to others to learn from them. And it is through the generosity of sharing sessions we have crafted some of our most successful programs. Hence, we were glad to host Stanbic Bank Kenya in 2019 at DBS Asia X through the EFMA Member2Member program to share some of our experiences and pay it forward. Not only was the service a great way to showcase our facilities and stories, we felt privileged to exchange ideas and visions with our fellow EFMA member. Sometimes you have to live and learn and sometimes from others you can learn to live.

Bidyut Dumra
Bidyut Dumra

Executive Director / Head of Innovation

DBS Bank Singapore

Being part of the “Share Your Challenge” initiative organized by Efma helped us to broaden our horizons in the strategic area we have been focusing on. During the sessions we were connected with the peers facing the same challenge from all around the world. Not only was it significantly beneficial for us to compare lessons learnt and best practice implemented by other group participants, but these valuable exchanges also helped us to go deeper in the understanding and found potential solutions to this challenge. Moreover, the final output from our common discussions had accelerated implementation of the whole project internally.

Rike Poppe
Rike Poppe

Group Retail Strategy

ERSTE GROUP

We partnered with EFMA to help us get in touch with the most innovative insurance companies in the world. Our team searched for the most innovative insurance cases at EFMA Insurance Awards and asked for a meeting with the ones in charge of the winning innovations. Being one of the most influential insurance companies in LATAM, we are constantly looking for players from Europe, Asia and North America to bring their best practices to Latin America. The EFMA’s process of connecting with peers made it possible for us to structure similar cases in our company by giving the guidance necessary to search for solutions, run proof of concepts and finally launch new products/solutions in the Brazilian Insurance Market.

Mariana Guimaraes
Mariana Guimaraes

Innovation Senior Analyst

Bradesco Seguros

Why participate in these programs?

Accelerate your innovation journey and optimize cost Get new perspectives and insights on your challenges
Accelerate your innovation journey and optimize cost Create ready-to-use solutions for the issues you are facing
Accelerate your innovation journey and optimize cost Accelerate your innovation journey and optimize cost
Accelerate your innovation journey and optimize cost Increase your network of valuable contacts
Accelerate your innovation journey and optimize cost Dive deep into discussions moderated by industry experts
Accelerate your innovation journey and optimize cost Optimize your time by attending focused online meetings

Interested in joining?

Interested in Collaboration opportunities? Kindly complete the details including highlighting the topic you need assistance with and the preferred institution to help you out if you have already identified it. We will be in touch to plan out the next steps with you.