Tatra banka opens another Elevator Lab Challenge startup program
Today, we have opened registration for the Elevator Lab Challenge acceleration program aimed to establish close cooperation with startups and fintechs. The winning ideas get the opportunity to test their solution directly at Tatra banka or one of the RBI banks.
It is an acceleration program supporting startups and fintechs devised by Raiffeisen Bank International (RBI), for the first time launched in the summer 2017. Currently it is the largest fintech accelerator in the Central and Eastern Europe with access to 14 different markets with the RBI’s presence. More than 1000 fintechs from 54 countries participated in the two previous years of the acceleration program and more than 22 pilots were run in the countries where RBI operates.
Elevator Lab Challenge in Slovakia
Online form: https://elevator-lab.com/challenges/slovakia/
The period for the registration of projects: April, 25 – June, 10, 2018
Jury: representatives of Tatra banka, Raiffeisen Bank Hungary, Raiffeisen Bank Czech Republic, VISA, CISCO, RBI, HubHub
Main objective of the Elevator Lab Challenge:
To identify startup solutions that make use of innovative technologies while showing the greatest potential for practical application in the following areas:
- Payments and transactions
- Extended analytics
- RegTech & security
- Advisory services
- Branch of the future
- Open banking
The winners get:
- The category of the most innovative idea: financial reward of €5,000
- The category of an idea with the widest application within the RBI Group: wild card for the semi-final of the international RBI Elevator Lab competition, in which the international jury will choose the winners, whose solutions will be tested in one of the 14 countries with the presence of RBI.
Registration for Elevator Lab Challenge means an open door and international opportunities of startup product scaling.
Last year's winners:
Most innovative idea
Winning project: Most people have a limited overview of their spending behavior or overall financial situation, which can lead to results that are not optimal, that cause excess indebtedness or inability to create a sufficient financial reserve. A joint solution of GoodAI/Datatree represents a unique automated financial advisory platform that is based on a detailed understanding of clients’ financial situation, an analysis of their behavior and instant sending of educational messages. These messages guide clients from their status quo to the desired results such as not exceeding the set monthly costs or creating savings for future spending.
Idea with the widest application within the RBI group
PayKey (www.paykey.com) | Israel
Winning project: The PayKey solution offers a new user experience by transforming the smartphone keyboard into a new communication channel. This unique keyboard is simply integrated with a mobile banking app, which allows users to initiate a range of financial services, including P2P payments, account balance check, cash withdrawals without a card and many others from any mobile app without the need to open a special app. PayKey is a “white label” solution that is easily integrated at the API level while maintaining bank authentication without compromising the safety standard.