Are you a FinTech startup or aspiring to be one and have innovation as the core priority for your venture? Do you have a high-tech idea that can make an impact in the FinTech industry?
If the answer to those questions are yes, then the Alpha Bank FinQuest digital innovation competition is for you.
The quick details. If you have a great idea for a project and are looking for extra expert help to get it started, or even have an MVP of an early product, then get your application in via their website by 30/9.
It’s pretty obvious that the way we are doing banking – and handling finance in general – is rapidly changing. And the Alpha Bank FinQuest competition aims to promote digital banking innovation. As well as to reinforce the FinTech ecosystem in Greece and beyond.
What are you waiting for then FinTechers? Submit your application and you could be selected to attend a 6-week accelerator where training and mentoring will be offered.
Alpha Bank FinQuest competition: an introduction
What exactly is Alpha Bank FinQuest competition in detail? Basically it aims to enable innovative proposals. And, of course, make the FinTech community part of the industry’s transformation. FinQuest leverages Alpha Bank’s leading know-how, as well as its network of top performing partners. That is, in order to offer added value to external teams and become a growth pillar of the FinTech ecosystem.
Following the assessment of all applications, Alpha Bank will then select up to 7 teams to enter a bootcamp. Then follows a 6-week accelerator, during which each team will receive expert mentoring and training. They will be working towards fine-tuning their pitch to potential investors. Teams will be able to access a wealth of experience and knowledge from industry experts. This will help them get all the support they will need to bring their projects to life.
And that’s not all
Additionally, teams will get access to Alpha Bank’s open banking APIs. You’ll get the chance to augment your implementation with specialized API functionalities and turn your innovative ideas into secure FinTech applications. That’s right, applications that will deliver real value to customers that need to accelerate their businesses. You can learn more about Alpha Bank’s API platform here.
As for the competition outline, as mentioned you must submit your proposal with all the required details up until the end of September (30/09).
Who can participate?
The Alpha Bank FinQuest competition is open to anyone who has a brilliant and game-changing FinTech idea shaped into a working prototype. And, more specifically, this means that not only individuals but companies and startups are also encouraged to participate with a single restriction; teams should be up to a maximum of five people.
Main focus areas
Participants are encouraged to introduce applications and solutions that are applicable in areas such as customer on-boarding and engagement, identity management and personalization. Or even implementations that are related to new, groundbreaking fields such as “Phygital” banking.
Technologies you can use
As for the technologies that you can use there are no restrictions. But, you are encouraged to focus on state-of-the-art technologies such as
- Cloud Platforms
- AI Machine Learning
- Blockchain
- IoT
- Conversational Interfaces
- Advanced Analytics
Prizes
Right then, now for the other juicy aspect: the prizes. As well as the mentoring and training which teams will receive, Alpha Bank will reward the top 3 participants with the following cash prizes:
- 1st: € 5,000
- 2nd: € 3,000
- 3rd: € 2,000
Not bad eh? And this is only the beginning. Alpha Bank aims to continue this excellent initiative for participants that have more than one brilliant idea to submit; or in the works.
Submit your projects today!
Opportunities like these do not come along often or easily. So, get your team together, complete the application and submit your proposal; perhaps prepare the perfect pitch. Who knows, maybe your team could be among the lucky ones that will get the chance to take your idea to market.
Submit your application here.
