FinSec Innovation Lab

FinSec Innovation Lab Overview

Powered by Mastercard, a world-leading technology, multinational in the field of payments. Finsec Innovation Lab have partnered with the Israel Innovation Authority (IIA), the Israel National Cyber Directorate (INCD), and the Israel Ministry of Finance (IMOF) to create a unique environment to assist early-stage startups and scale their solutions in global markets. The FinSec Innovation Lab helps startups accelerate their journey to success by working in commercial and technology areas. On the commercial side, FinSec provides access to Mastercard’s global subject matter experts and a wide network of alliance partners in government, financial institutions, technology, & venture capitals. They offer access to an IIA grant. On the technology side, FinSec provides access to infrastructure, solution architecture, and completion of a PoC. Each project is specifically tailor-made to the startup’s needs.

Latest News

Feb 14, 2024 · tech.walla.co.il

growth-positive

"למעלה מ-400 משלחות בינלאומיות הגיעו ללמוד על המודל הישראלי והבאר שבעי לקידום טכנולוגיה וחדשנות"

Finsec Innovation Lab, a joint venture between Mastercard and Enel X, is working to foster innovation in Israel. The lab, based in Beer Sheva, provides a platform for startups to develop their products and businesses, offering advice, mentorship, and networking opportunities. The lab also promotes social and ethical initiatives, including efforts to encourage women in tech. The labs director of operations and community, Sharon Tzarfati, said the partnership with Mastercard provides access to the companys vast knowledge, experience, and resources in fintech and digital payments.

Partners

Nov 22, 2021 · www.calcalistech.com

growth-positive

Mastercard and Enel X open FinSec Innovation Lab in Be'er Sheva's Hi-Tech Park

Mastercard and Enel X have opened the FinSec Innovation Lab in Be’er Sheva, focusing on advancing fintech and cybersecurity for payments and energy ecosystems. The lab aims to turn ideas and solutions from smaller companies into commercial products and services. Five companies have been selected for the lab program, beating out 100 other applicants. The lab will foster strategic relations and collaboration between startups and international organizations. The next round of initiatives will start in six months. The ribbon-cutting event was attended by industry professionals, senior executives from Mastercard and Enel, and government officials.

PartnersInvestment

Nov 21, 2021 · www.timesofisrael.com

growth-positive

Mastercard opens fintech, cybersecurity innovation lab in Beersheba

Mastercard has opened a new innovation lab in Beersheba, Israel, in partnership with Enel X. The lab, called the FinSec Innovation Lab, will focus on developing fintech and cybersecurity solutions for the payments and energy industries. It is currently working with five Israeli startups to help them develop and test their solutions, offering physical space, services, mentorship, and real-world data. The program runs for six months, after which a second group of companies will be selected. Mastercard has made significant investments in cybersecurity and fintech platforms in recent years and is committed to working with governments on innovation. The lab in Beersheba joins Mastercards other startup engagement programs in cities around the world.

Partners

Nov 19, 2021 · business-review.eu

growth-positive

Enel X and Mastercard inaugurate the Finsec Innovation Lab in Israel - Business Review

Enel X and Mastercard have inaugurated the FinSec Innovation Lab in Be’er Sheva, Israel. The lab aims to advance innovation in fintech by turning ideas and solutions from Israeli startups into commercial products and services. Enel X plans to integrate these solutions into its financial services business portfolio, expanding the services offered to customers and supporting the growth of innovative startups. Over 100 Israeli startups have applied to the program, and five have been chosen for a Proof of Concept project. Enel X has invested in the buildout and technological infrastructure of the lab, along with Mastercard. The lab provides startups with state-of-the-art environments and professional support from mentors.

Partners

Oct 7, 2021 · www.calcalistech.com

growth-positive

NYU professor Ido Aharoni-Aronoff to join board of Mastercard and Enel-X's FinSec Innovation Lab

Ido Aharoni-Aronoff, a 25-year veteran of Israels Foreign Ministry, has been appointed as the head of the Global Advisory Board for Mastercard and Enel-Xs FinSec Innovation Lab. He will oversee market growth and fundraising for cybersecurity and fintech startups. The lab, established by Mastercard and Enel-X, assists startups in the proof-of-concept stage in developing and testing their products. Aharoni-Aronoff will contribute his experience working with global financial institutions, identifying relevant startups, and providing strategic advice to new companies. He will also help identify new growth markets and secure the future of the labs companies in Israel and worldwide.

Management ChangesPartners

Team Members

4

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Beer-Sheva, Israel

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