“Elevator Lab” Launches 3rd Round Of International Search For FinTech Partners

Within a four-month program, international leading experts from all over RBI Group are working with FinTechs on a proof of concept project (PoC). As a leading bank in the CEE region, RBI’s long-term aim is to establish mutually beneficial cooperations through Elevator Lab to fulfill the needs of their 16.1 million customers across its widespread banking network.

Looking For Later-Stage FinTechs

Applying startups have the chance to get selected and invited by RBI for a potential joint project and benefit from:

• Exposure: more than 150 experienced experts coming from different business lines within the whole RBI Group; additionally, global attention from media
• Partnerships: a starting point for lasting collaboration, joint innovation, and networks
• Support: development support, mentorship, and expert advice
• Dedicated PoC fund
• Real life testing with IT sandbox and real clients

For its Partnership Program, Elevator Lab is looking for innovative solutions from different areas:

• Advanced Analytics & Artificial Intelligence
• RegTech
• Large Corporates & Institutional Clients
• Payments and Transaction Processing for Mobility Services – in collaboration with Kapsch
• Retail Banking
• SME Banking
• Cyber Security
• FX Solutions

Successfully Cooperating With FinTechs

The previous batches of Elevator Lab in 2017 and 2018 were very successful with 336 and 407 applications respectively out of which the participating FinTechs were carefully selected. The participants went on to perform their pilot projects in many of RBIs markets in CEE like Romania, Albania, Kosovo, Belarus, Slovakia, Hungary, Czech Republic, and the HQ in Vienna, Austria.

RBI is the first bank group in CEE to launch a FinTech Partnership Program of this scale. In September 2019, the Central European Startup Awards (CESA) awarded Elevator Lab in the category of “Best Accelerator or Incubator Program” in Austria. Furthermore, Elevator Lab cooperates closely with Elevator Ventures – RBI’s corporate venture capital entity.

To learn more and to apply, go to Elevator Lab’s website.

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