Congratulations to the finalists of the 2017 BAI Global Innovation Awards for Innovative Accelerator or Incubator.
These finalists formed accelerators or incubators to specialize in and more quickly bring about innovation. Finalists listed in alphabetical order include:
Emirates NBD Bank
3D Open Innovation: Future Lab, EDGE Innovation Program and Open Banking
Since 2012, ENBD has launched significant financial innovations and reached a huge penetration in its innovative service capabilities. Today, more than half of ENBD customers are active digital customers with 91% of all transactions conducted outside of branches. ENBD believes this success results from digitization and its dedication to develop innovation capabilities. Thus, it now aims for sustainability and continuity in innovation.
In this regard, ENBD established three initiatives to encourage both internal and external innovation: First, the innovation triggering idea program, The EDGE; second, incubator and accelerator of the EDGE program which is the FUTURE LAB; and third, OPEN APIs to innovate alongside partners. This collaborative and inclusive approach is unique, demonstrating the forward-thinking vision and dedication of the entire company to achieve tangible results.
Unconference(s): Building ecosystems collaboratively
Finnovating is the first advisory and strategic consultancy specialized in FinTech, InsurTech, PropTech and RegTech, creating internal and external innovation ecosystems. Finnovating developed the Unconference(s), four private annual meetings gathering the most innovative CEOs of the Tech sectors in Spain (more than 300 so far). The objective is to enhance innovation and development of the ecosystem collaboratively, while facilitating synergies and ecosystem connections through specific networking. The attendees are the main players of the sector and all of them discuss their real challenges, opportunities and trends, and then also share insights and conclusions. The Unconference(s) are supported by companies such as Santander, Oracle and Aguirre Newman.
Fidelity Information Services, LLC
FIS Opens Financial Inclusion Lab in India to Bring Payments to the rural heartland
FIS launched India’s first financial inclusion lab in Bengaluru, India. The lab is aimed at developing innovative ways to extend payments ecosystem access to India’s millions of underbanked citizens.
The lab is the first of its kind in India and the seventh FIS lab focused on innovation.
It’s designed to provide a working, collaborative environment for FIS to collaborate with business leaders, government organizations and NGOs across the country to create and test solutions that will increase financial and payments ecosystem literacy for India’s unbanked population. The lab’s interactive data tools also help identify roadblocks to greater financial inclusion. For example, one of the lab’s first projects is the development of kiosk-based applications that can be deployed throughout the country to help promote financial and payments literacy with students.
FIS Payments, in partnership with local financial institutions, is working to bring payments options to the people across even the most remote parts of India.
Stone & Chalk
Developing Sydney as the leading startup ecosystem in Asia
Stone & Chalk offers a wide range of services to its startups, including Masterclasses, Ecosystem Talks, a Mentor & Investor Program, Insurtech initiative, Office Hours and Lunch & Learns with our portfolio of 20+ corporate partners.
The country’s only fintech-focused accelerator, H2 Ventures, is based at Stone & Chalk, along with Westpac’s VC fund, Reinventure. Stone & Chalk prides itself on their Startup Ready program, which connects corporate partners with startups and helps shorten procurement time.
In 2017, Stone & Chalk will run its second Cybersecurity Summit, bringing together world-leaders in the cyber space to increase the security capabilities of the ecosystem. Additionally, they run a Power Women in Fintech initiative, aimed at increasing the number of female founders in Australia with the help of community partner, Heads Over Heels.