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2016-05-12

Nordea: Nordea teams up with fintech startups again

There will be a new chance for startups to accelerate their ideas this
autumn. The first Nordea Accelerator programme ran successfully
during winter 2015-2016 where twelve selected startups developed
their ideas in cooperation with Nordea. The next programme will run
for 12 weeks starting September 2016 and is now open for
applications.

Now more fintech startups get a new chance to accelerate their
business. Nordea's programme is now open for applications from
fintech startups all over the world. The first programme ran in
Helsinki, and this time the startups can also choose to work on site
at Nordea premises in Stockholm.

- The idea is to learn and find new business and partnership
opportunities through collaboration and, ultimately, provide better
digital services for Nordea's customers. One of Nordea's challenges
for the startups is to come up with good ideas within emerging
technologies like cognitive computing, artificial intelligence in
banking and financial usage of blockchain technology. But Nordea is
interested in several other areas, which opens good opportunities to
attract many different startups to the programme and provides synergy
and diversity, says Jan Sirich, Head of Experimentation & Learning,
Nordea Digital Banking.

Selection week in Oslo
The 50 most promising of the applying startup teams will be invited to
a training and selection week which will take place in Oslo during
August. The best 20-30 startups among this group get the opportunity
to work closely with Nordea in the autumn.

- Nordea Accelerator is the biggest of its kind in the Nordic region.
We want to offer the startups a unique opportunity to work in close
cooperation with external entrepreneurs, international tech
specialists, Nordea experts and key decision-makers. My ambition is
that the startups attending Nordea Accelerator will find that it is a
huge business opportunity which enables them to develop both
themselves and their network, says Jan Sirich.

Nestholma Venture Accelerator is the partner Nordea has teamed up with
both for the first programme and the new one, which is now open for
applications.

First accelerator was a success
Nordea had its first accelerator during the winter 2015-2016. After
the first programme all 12 startups are still in business and most
are doing great.

- The startups received over 600,000 euro in new funding and for two
of the startups (Jenny and Feelingstream) Nordea is preparing actual
pilots where the opportunities for long-term partnerships will be
further evaluated. Nordea is also working with a couple of the other
startups for possible cooperation, says Jan Sirich.

Fact box:

· Apply online 12 May-7 August
· Three-month intensive programme
· Located in Helsinki and Stockholm
· Visit http://nordeaaccelerator.com/
· Follow us at twitter @NordeaStartup

For more information:
Petter Larsson, Press Officer, +46 722315250

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http://news.cision.com/nordea/r/nordea-teams-up-with-fintech-startups-ag...
http://mb.cision.com/Main/434/2007504/514648.pdf

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