“Open Innovation is a winning and existential choice for companies, because it is impossible to lock knowledge inside the company in a global world with the Internet. If you lock knowledge inside a company, you struggle to innovate because you always start from limited cultural cues by definition, only internal cues.”

Andrea Ciliberti, CEO at Bcode.

Bcode is a Blockchain System Management software, specializing in notarizing data on blockchain, creating and managing tokens, and integrating blockchain solutions into business processes. As a spin-off of Politecnico di Milano, Bcode has created the first ready-to-use and easy-to-use platform that allows companies and freelancers to build and launch their own project on blockchain by notorizing data and creating tokens without having to hire a team of developers.

Its team consists of developers and software engineers who all have past experience in blockchain and come from consulting and project development in the blockchain field.

If you think that is not enough, the team includes professors and researchers as well and they have a strong business and marketing background in order to deeply understand market demands and turn those demands into easy-to-use products and solutions.

The company was born in late 2020, in 2021 it ended the first year with a balanced budget and in 2022 Bcode is basically doubling its revenue.

What is the secret? Open Innovation, of course.

Collaboration with technology companies through sales channels is the primary driver behind Bcode’s growth. They definitely understand that Open Innovation is not a fad, but a winning strategy and it’s existential for companies nowadays.

Let’s find out how they do that!

WATCH THE VIDEO INTERVIEW

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Movenda S.p.A., a leading company in the field of Digital Identity and a member of the FIDO Alliance, will take part in the Salone dei Pagamenti as a guest of “Fintech goes to Italy”. Nicola d’Adduzio, Research Engineer & Software Developer, anticipates what will be presented from 7th to 9th November during this important event.

What does Movenda do?

Movenda provides a set of authentication methods for the user, aligned with the new requirements of the PSD2 and with the regulation on electronic identification and trust services (eIDAS). Strong Customer Authentication and Identity-management are just some of the areas in which Movenda has concentrated its investments. We imagine a future without complex passwords to remember and to change, a world in which “to prove who we are” will be something automatic.

What is your target?

Our solutions are dedicated to all those subjects (banks, companies, start-ups or financial intermediaries) who want to implement in their services a new paradigm of strong authentication based on biometrics and an extremely tested safety protocol, being continually revisited by the members of the alliance. Our protocol is extremely secure and makes the user experience more fluid and efficient because no password has to be remembered and typed out.
Movenda is also aimed at all those who need to make a cryptographic signature on any digital content. In fact, through asymmetric key cryptography, the requirement of non-repudiation for the confirmation of a transaction can be easily reached.

Why did you decide to participate in the Salone dei Pagamenti?

Because we believe in technological innovation as being part of a positive change in the world, in simplifying and speeding up our daily actions generated by technological innovation, especially those connected to our digital identities. We believe that our solutions can be interesting for the Fintech sector because they improve and make the user’s authentication more secure through biometrics and the confirmation of a transaction through a cryptographic signature.

How will you be present?

We will introduce the Fintech sector to a safety standard that is rapidly catching on in the American and Asian markets. The protocol we are talking about is the one proposed by FIDO (“Fast IDentity Online”) Alliance, an alliance formed by banking institutions (Bank of America and ING Group), e-commerce (Amazon, Alibaba Group), world leaders in the market credit cards (Mastercard, Visa and American Express) and the main tech giants (Google and Microsoft).
Our Egomet FIDO® server is one of the first FIDO® Server products certified by FIDO Alliance in Europe. FIDO authentication solutions offer many benefits to IT providers, companies and service providers including: improved user experience, confirmed transactions through cryptographic signature and reduced fraud risk

What do you expect from this experience?

This will be the first Fintech event in which we take part in Italy after having taken part in the Money2020 in Amsterdam. We hope to make ourselves known and appreciated by the Fintech District and by the realities that will participate in the event. Our goal is also to make the FIDO protocol known to as many realities as possible so that we can build new scenarios and new business models together.

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Born to allow everyone to experience a global lifestyle, Revolut allows you to spend 150 currencies worldwide and hold up to 25 currencies on the app. You can change from one currency to another without commission and at the interbank exchange rate.

A few weeks ago it launched its metal card, “this is our super premium product – explained George Thomson, Country Manager Italy – It is a card made of metal that allows the user to have higher limits in free ATM withdrawals in all the world and a 24-hour concierge service to book flights and hotels, cashback in cryptocurrencies, travel insurance, airport lounges and lots of benefits. In one card there is everything a person who travels a lot needs”.

Just landed in Italy, Revolut has found a “not simple” market. Thomson explained that “we are still very used to cash and there is also a strong linguistic barrier, in fact we are translating the app into Italian and we are ‘Italianizing’ it a bit”.

Meanwhile, during the summer, this Fintech became a member of the Fintech District community. “I found it right away, when I looked for the fintech center in Italy and of course we wanted to be part of it. I expect it to help me make a lot of networking and have symbiotic relationships with other startups to help each other and make the Italian fintech ecosystem grow “.

By the end of the year the goal of Revolut is to reach 100K users in Italy. Today, this startup already operates in almost all of Europe but by the end of the year it will also be in the United States and in other Asian countries. By the end of 2019 it aims to be present “all around the world”.

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