Auriga promotes the Auriga Fintech Award to work with Fintech Start-ups to co-create new innovations for banking and payments customers
Auriga, the Italian leader in software solutions for omnichannel banking globally, today promotes the Auriga Fintech Award in collaboration with the Fintech District and the Salone dei Pagamenti. Through the award, fintech startups who are developing new solutions for banking and advanced payments can win the opportunity to become a technology partner of Auriga who will help bring their innovations to market through financial and technical support.
Following an initial screening of the candidates by Auriga, the five finalists will go through a final judging panel on November 8th during the Salone dei Pagamenti in Milan. They will be pitching their fintech solutions in front of an audience and the judging panel. The winning startup will receive a prize of 5000 euro and will have the opportunity to collaborate with the company.
The aim of the award is to spotlight new and exciting innovations from fintechs and identify opportunities for joint development of innovative solutions. Auriga can offer the startups, not only its ability to penetrate the banking and payments market through its relationship with numerous customers, but also the proven strengths and capabilities of its own technology.
Auriga is most interested in how the award can be the basis for creating new innovative solutions in terms of ease of use, mobile access and customization based on RPA (Robotic Process Automation), Artificial Intelligence (AI), Machine Learning (ML), Big Data Analytics and Internet of Things (IoT).
The award also takes advantage of the introduction of the PSD2 regulation. This is encouraging the adoption of a collaborative approach by big players who see in Open Innovation the opportunity to develop new products and services that are increasingly innovative and able to respond to the demands of end customers. Auriga has already demonstrated its belief in the Open Innovation model during 2018 by creating the IC406 incubator with the aim of getting in touch with ideas and skills from the outside, even coming from very different fields. This initiative is aimed at students, graduates, researchers, professionals, young companies or innovative SMEs, looking for support and specific skills to build their own startup.
In the new context of Open Banking and PSD2, the Auriga Fintech Award is the way in which Auriga once again confirms its natural drive towards innovation and experimentation. The running of this award positions Auriga as a leader among those companies that are immediately leveraging these new rules to accelerate their business and encourage the development of the entire Italian fintech ecosystem.