Poland’s Alior Bank calls for fintech start-ups

Alior Bank’s RBL_START acceleration programme is now open for fintech and insurtech start-ups.

This is the second edition of the accelerator and the Polish bank is looking for solutions in the areas of security, data analysis, “supporting client’s loyalty” and financial services in channels “that have not yet been explored”.

Start-ups who qualify will get mentoring, a chance for financing their solutions, and a possibility to implement them at Alior or insurance provider PZU Group (Powszechny Zaklad Ubezpieczen).

“We want to create new products with fintech and insurtech start-ups,” says Kamila Wincenciak, fintech partnership director at Alior Bank.

“Our goal is to establish cooperation with 20 different companies by 2020 and eventually, to become the first-choice partner for start-ups,” adds Marcin Jaszczuk, vice-CEO of Alior Bank.

Participants will have the chance to work on business cases of potential projects with partners that include IBM, Microsoft and Linklaters.

During the programme, each company will be able to test their solutions with real clients – and use the bank’s existing research facilities, developers’ portal and open APIs.

If necessary, solutions can be verified legally and will obtain access to KNF’s (Komisja Nadzoru Finansowego, Polish Financial Supervision Authority) sandbox.

The recruitment part of the second edition will last until 12 May 2019 and the accelerator itself will be held between June and November 2019.

You can find RBL_START’s website here: https://www.accelerator.aliorbank.pl/#/.

The first edition was mainly focused on open banking. Among 100 applicants from all over the world, eight start-ups were chosen to complete a 15-week-long programme.

Alior decided to invest PLN 4 million ($1.05 million) in one of the start-ups that took part – PayPo. Note that it also took a 20% stake in that firm as part of the deal.

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