Russia’s Skolkovo and Alfa-Bank Seek Advanced Fintech Start-up Solutions
The partners expect to complete the screening and announce the winners by February 1, 2016
Dec 10, 2015
The Skolkovo Foundation managing Russia’s most widely touted Skolkovo innovation hub just outside Moscow, and Alfa-Bank, one of this country’s largest commercial banks, have launched the screening of the best IT solutions for banking among start-up teams. Projects found to be most advanced will receive ample support from both the foundation and the bank in expert consulting and the launch and further scaling of their products, the Skolkovo Foundation announced.
The partners will focus in their selection effort on a number of key areas, including Big Data; Internet / Mobile Solutions; Media Analytics; Gamification; NFC-based Wearables; Financial Services (p2p crediting, e-purse, investment, etc.); General Consumer (unorthodox communications channels, car sharing, on-demand services, etc.), Loyalty Programs; and Financial Advisors.
Under terms of the competition, there may be more than one winner in more than one focal area. The key criteria each selectee must meet include the availability of a legal entity (company) with a unique commercial offer, the scalability of a solution, and the presence of a strong project team. Having a track record of prior pilot projects in the field of banking would be a plus.
The partners expect to complete the screening and announce the winners by February 1, 2016.
The world’s largest banks currently feel the need for most up-to-date technology to be able to meet consumer expectations. According to a recent study by Accenture, overall investment in fintech start-ups tripled last year to $12.2bn.
The partners will focus in their selection effort on a number of key areas, including Big Data; Internet / Mobile Solutions; Media Analytics; Gamification; NFC-based Wearables; Financial Services (p2p crediting, e-purse, investment, etc.); General Consumer (unorthodox communications channels, car sharing, on-demand services, etc.), Loyalty Programs; and Financial Advisors.
Under terms of the competition, there may be more than one winner in more than one focal area. The key criteria each selectee must meet include the availability of a legal entity (company) with a unique commercial offer, the scalability of a solution, and the presence of a strong project team. Having a track record of prior pilot projects in the field of banking would be a plus.
The partners expect to complete the screening and announce the winners by February 1, 2016.
The world’s largest banks currently feel the need for most up-to-date technology to be able to meet consumer expectations. According to a recent study by Accenture, overall investment in fintech start-ups tripled last year to $12.2bn.