Regional Elevator LabChallenge Albania and Kosovo

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For a second consecutive year the program also includes a Local Elevator Lab Challenges in Albania and Kosovo. What is new this year is the Elevator Lab Albania & Kosovo has a joined Program that give the opportunity to startups from both countries to present their ideas to one competition in 2019, the Regional Elevator Lab Challenge Albania and Kosovo.

Apply now

Your Benefits

For the winner of first place

  • Cash prize of 5,000 EUR
  • Wildcard to the semi-finals of the global challenge Elevator Lab
  • Opportunity to integrate the innovation with the Raiffeisen Group’s banking systems and reach all 16.1 million clients

Note: All start-ups will benefit of a “How to pitch” half day workshop offered by our partner in Tirana CBTL.

For the second place

  • Cash prize of 2,000 EUR
  • Brand recognition

For the third place

  • Cash prize of 1,000 EUR
Symmetric, Elevator Lab Challenge Winner Albania 2018
Trekandi, Elevator Lab Challenge Winner Kosovo 2018

What we are looking for

We are looking for startups with proven innovative fintech products and technologies. The Regional Elevator Lab Challenge in Albania and Kosovo is part of Elevator Lab, the group-wide international Partnership Program powered by Raiffeisen Bank International. Joining our Regional Elevator Lab Challenge can be a stepping stone to scale your business case up to an international level.

Advanced Analytics & Artificial Intelligence

  • Voice banking, voice assistants and voice biometry for CEE languages
  • Intelligent character recognition/ smart document processing beyond OCR
  • Biometry e.g. behavior/ gesture analytics
  • Omnichannel analytics/ digital marketing
  • Citizen data science tools

RegTech

  • Regulatory compliancen
  • KYC process support & KYC depository (e.g. OCR/
    RPA/ AI/ text mining)
  • Strong customer authentication solutions & digital ID
  • Transaction monitoring/ supervision
  • Recognition & quantification of compliance/ operational risks
  • Product approval tools

Large Corporates & Institutional Clients

  • Digital platform solutions (especially digital onboarding, workflow tools, risk limit management)
  • Blockchain solutions for large corporates
  • Digital contract management
  • Treasury management solutions
  • Data analytics for corporate payments/ trade finance activities
  • Predictive Sales Signal Analytics

Payments and Transaction Processing for Mobility Services

  • Blockchain based micro payment transactions
  • Multimodal (public transport) payment services
  • In Car payments for mobility services

Retail Banking

  • Financial advisory solutions incl. investment
  • Beyond bank advisory
  • Hybrid advisory (e.g. customer service)
  • Social banking

SME Banking

  • Digital SME & freelancer banking
  • Financial advisory for SMEs
  • Value added services for SMEs (e.g. payroll services, automated accounting, invoicing & expense management, cash flow tools)

Cyber Security

  • Third party risk management
  • Insider threat recognition
  • Blockchain use cases for cyber security
  • Zero trust/ dynamic perimeter

FX Solutions

  • Automated FX hedging solutions for small amounts
  • Automated FX Advisory
  • Multi currency account infrastructure/ e-wallets
  • Real time payments
  • Digital & Fast Account Opening for FX Spot & Hedging

Elevator lab is a great opportunity to test your MVP and recognize the real value of your product. You’ll gain access to the best experts in the financial industry who will guide your startup to tailor the product for the international market.

Symmetric More about Fintech

THE CLOCK IS TICKING – WHAT ARE YOU WAITING FOR?

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Timeline

Register your start-up until 3 June 2019. The most promising startups will be selected for the Final pitches and Winner announcement. During the winner ceremony, the top fintechs will present their use cases in front of the jury members and one winner will be elected to continue their participation in the Elevator Lab global challenge.

Application process

7 May – 3 June 2019

Jury evaluation

4 June – 9 June 2019

Workshop with all start-ups from Albanian Local Partner CBTL

11 June 2019

Final pitches and Winner announcement

13 June 2019

Demo Day in Vienna
Demo Day in Vienna

Regional Elevator Lab Jury

The finalists will be rated by a diverse jury. The Jury will screen the applicants and will ultimately also select the best applicant as a winner.

Raiffeisen Bank Albania

Raiffeisen Bank Albania

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Raffeisen Bank Kosovo

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Raiffeisen Bank Kosovo