Recruitment has opened for the first edition of Alior Bank Startup Accelerator – Alior Bank’s new acceleration program dedicated to startups. The Bank is looking for solutions which would address its business needs and generate added value for customers. Applications can be submitted until July 15th, 2018.

Alior Bank’s Startup Accelerator mission is to identify new innovative banking technologies. The Bank aims to develop and commercialize banking technology that are in line with the bank’s business needs; working with current in-house systems or with business partners.

“We believe our collaboration with startup communities is a natural step on the road to an ecosystem of innovation. Our future strengths lie in a faster, more agile everyday customer banking experience. Today’s trends reflect an open mind to external ideas in business, harmonised by evolving regulations. Revolut, WeChat and Airbnb are strong examples that good solutions can come from anywhere”, announced Alior Bank CEO Katarzyna Sułkowska

Selected startups will be offered an ambitious 15-week acceleration program. Alior Bank Startup Accelerator participants will benefit from solid support of experienced mentors from the Bank and external partners, helping to develop models of co-operation or potential implementation in the Bank. Furthermore, the Bank will provide the participants with an API Sandbox, a dedicated test environment providing PSD2 services among other things.

The participants will work in a new inspiring space which will soon be opened at Warsaw Spire. They will participate in a training and consulting program offered by Alior Bank’s innovation experts and partner Huge Thing. Alior Bank and Huge Thing have a track record of successful collaboration in startup acceleration, including “Huge Thing powered by Alior”, a program which covered 20 startups alone last year and has kickstarted the ongoing pilot projects at the Bank.

“The acceleration program is one of the ways we address the challenges of the post-PSD2 landscape in Poland. We want to prove that open banking is more than just new FinTech market players. It is all about new opportunities and higher quality customer service. We are certain that the best results will come from co-operation with startups leveraging the potential of new regulations”, said Alior Bank’s FinTech Director Daniel Daszkiewicz.

Successful applicants of Alior Bank Startup Accelerator will have the opportunity to receive attractive funding of up to PLN 150,000. In addition, program participants can develop their solutions under the umbrella of Alior Bank and many of its partners, including PZU SA, Warsaw Stock Exchange and IBM among others. The program is supported by Google Cloud and Amazon which offer special cloud packages to participating startups.

“The objective of the program is to implement solutions in the Bank, which is why recruitment is key to ensuring that the selected projects have a genuine chance of commercialisation within our organisation”, said Kamila Wincenciak, Alior Bank’s FinTech Partnerships Manager and Program Co-ordinator.

“We want every startup to get the support it needs so it can efficiently benefit from the program and have the time for development together with Alior Bank”, added Ms Wincenciak.

Applications can be submitted until July 15th, 2018 via the website www.accelerator.aliorbank.pl.