Elevator Lab: RBI presents successful pilot projects and announces the second round in 2018 - Technology
Elevator Lab: RBI presents successful pilot projects and announces the second round in 2018

Elevator Lab: RBI presents successful pilot projects and announces the second round in 2018

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After the successful launch of the application phase with 336 applications from 56 countries, Raiffeisen Bank International (RBI) has been intensively working with five star-ups, beginning in October 2017 as part of the elevator engine accelerator program "Elevator Lab".

The focus was on the fields of Big Data Analytics (Gauss Algorithmics), Future Division (Moxtra), Payments and Transactions (SONECT), RegTech (360kompany) and SME Banking (Asteria). During the pilot phase of the concept, five pilot projects were developed and successfully tested in Austria and four markets in Central and Eastern Europe (CEE).

"We will continue the successful cooperation we started with the Elevator Lab. Now we are moving from the pilot phase to the implementation phase and are planning to make these innovations available to our 16.5 million customers in Austria and Central and Eastern Europe.

Our organization has gained valuable experience through Elevator Lab, which helps us today to be ideally positioned for tomorrow's banking business, "said Johann Strobl, executive director of RBI.

Elevator Lab begins the second round on May 1, 2018

Elevator Lab's success and discovery convinced RBI that it was the right decision to open co-operation opportunities with start-ups. For this reason, the RBI Group will launch a second round of applications on 1 May 2018.

The new round of this round is that the seven banks of the RBI Network, namely those from Albania, Belarus, Bulgaria, Kosovo, Romania, Russia and Slovakia, will aim to target the fintech ecosystems in their markets with the Challenges of Elevator Lab.

In addition to a start-up workshop during a visit to the Elevator Lab in Vienna, the winners will also receive a wild card for the semifinals at the Elevator Lab group level and the opportunity to be invited to Vienna for the TOP 15 in September 2018. ***

About RBI

Raiffeisen Bank International AG (RBI) belongs to Austria, where it is a leading corporation and investment bank, as well as Central and Eastern Europe as its market. 14 regional markets have been covered by subsidiary banks. In addition, the Group provides specialized financial services such as leasing, asset management, mergers and acquisitions.

In total, more than 50,000 employees serve about 16.5 million customers through 2,400 business units, most of which are located in Central and Eastern Europe. RBI shares are listed on the Vienna Stock Exchange.

Raiffeisen Regional Banks hold about 58.8 percent of the shares, while the rest is free. Within the RBB, RBI is the central institution of Raiffeisen banks in the region and other credit-related institutions and makes important services to this function.