Once a fintech is selected to be a part of the Elevator Lab Partnership Program they start working with international leading experts on a four-month pilot project. As well as communicating over the internet, there are monthly on-site days in Vienna and in the pilot hosting country where the fintechs can meet face to face with their mentors. In addition, we give fintechs access to Raiffeisen’s extensive network of contacts and have a dedicated Proof of Concept fund available for them to use. The fintechs can test their solutions with real bank data and benefit from RBI’s great reputation. After the Demo Day, the fintechs will have the chance to be evaluated for a possible partnership with RBI Group.
Elevator Lab benefits in a nutshell:
We noticed that there were many innovative solutions around us being offered by fintechs. The strengths of banks and fintechs can mutually benefit each other. We are aware of its effects, and the value created for our customers with their ever-evolving needs. With Elevator Lab we set up the process that enables cooperations with fintechs. We want to try out things fast, want to know if we fit together and then we can scale together. More than 150 mentors are supporting our Partnership Program, everyone is aware off the effect that these partnerships help both sides. With Elevator Lab we build the attention about and capitalize on potential opportunities around us and in turn create value for us and our customers.
For more information please visit www.elevator-lab.com.