Our goal is to create an innovation and learning interface between Nordea and startup companies . It is essential to learn new agile working methods and identify the ideas that add most value to the customers. Nordea Startup #nordeastartup Nordea Startup Accelerator, in cooperation with Nestholma Venture Accelerator, is looking for new FinTech innovations to support Nordea’s vision to become a leading digital bank in Europe.
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Our goal is to create an innovation and learning interface between Nordea and startup companies. It is essential to learn
new agile working methods and identify the ideas that add most value to the customers.
Nordea Startup #nordeastartup
Nordea Startup Accelerator, in cooperation with Nestholma
Venture Accelerator, is looking for new FinTech innovations to
support Nordea’s vision to become a leading digital bank in Europe.
Identify opportunities for new incremental and radical business innovation – form the future bank Claim our spot on the Nordic startup scene as a corporate innovation partner Stimulate growth of innovative culture and insight in Nordea
Themes 2016
Banks role in sharing economy Sharing instead of owning is becoming more and more
common – cars, homes, durable goods. What roles could banks play in the sharing networks? Where can
banks add value to these networks?
Emerging Technologies e.g. cognitive computing, artificial intelligence
or Blockchain technology – how can it improve the ways we serve our customers’ needs.
Digital Life and Pension For most people life insurance and pension is simply boring, high on
complexity and low on interest. We want to change that. How does the future of life insurance and
pension look like? How can we use technology to make it more relevant and easier to relate to?
Themes 2016 … continued
Compliance and changes in regulation Customers should always be able to get the services most
suitable for them. Trust and security is a must. The authorities are speeding up the development through
regulations for the benefit of customers, e.g. Payment Service Directive 2 or Know Your Customer. How can
banks turn these demands into benefits and value for customers?
Banks as collaboration enablers New business partnerships and ecosystems should be able to emerge and
dissolve effortlessly. Partnerships can emerge between businesses, business and consumers but also between
consumers. Trust is a cornerstone of any partnership. Today forming value adding partnerships can take long time
because of lack of trust leading to heavy due diligence process. Opportunities are lost because of lack of platform for
collaboration. What kind of collaborative ecosystems can banks offer with their extensive network, market insight and
role as authentication and compliance provider?
Surprise us What have we not thought of yet? Something that our customers would appreciate.
Nordea’s value proposition to startups
• Partnering with Nordea to bring forward your innovation
• Gain domain knowledge and business insight of banking
• Get access to Nordea’s customers, data and markets
• Mentoring by entrepreneurs and FinTech and Nordea experts
• Sparring with global tech giant
• Piloting Nordea’s open APIs
• Expanding your professional network
• Funding opportunities
In Nordea Startup Accelerator 2016 you will be
able to explore how Nordea’s APIs can bring
value to customers as part of your service
Depending on your value proposition and the
progress during the programme Nordea is prepared
to implement services to production in 2017
With Nordea APIs you can initiate payments as
part of you service flow. Additionally we will offer
APIs related to cards, accounts, loans and chat
functionality
Additionally IBM partners with Nordea
Accelerator to offer wide range of Bluemix
services for you to use
Join Nordea in developing tomorrow’s Banking APIs
• Venture accelerator that helps startups and large corporations to work together.
• Proven and unique accelerator model. Nestholma has built programmes for many different types of companies (Nordea,
Microsoft etc.). The model combines active investments with hands-on training and business development support for startups.
• Nestholma invests into the accelerator startups and thus has a long-term interest in helping the companies to succeed. Currently
Guests from other startups, technology companies, industry experts, etc.
Mentoring
Every startup has at least one mentor from Nordea. Nestholma mentors also available as needed. Startups are also engaged to provide peer2peer mentoring through-out the programme.
The first Nordea Startup Accelerator in 2015 focused on following themes:
Innovative solutions that inspire customers to define, follow, and achieve their dreams.
Paying - it's just a transaction: how to add value before and after?
Creating a personal experience through digital touch points regardless of time and space
12 Startups participating Examples of outcomes
Nordea is developing a joint pilot with JNY and Feeling Stream
B2BPay has been admitted to Barclay’s TechStar accelerator in Israel
New business opportunities opened for PayPeanuts through Nordea’s partner network
Funding received during programme > 600 K€
I strongly encourage you all to engage and apply for this year’s Nordea Accelerator programme. We see that the future success and great customer experiences are more and more achieved by working together with various different partners, startups being one of them.
Join Nordea Startup Accelerator
Apply at www.nordeaaccelerator.com
Casper von Koskull President and CEO of Nordea Bank AB (publ)