Startup Moldova, with the support of Moldova Agroindbank and Mastercard, launches the “FinTech Vertical 2021” – an extensive program dedicated to tech startups that develop solutions in the field of financial services. It is a platform that connects all actors in the industry and creates collaboration bridges for the development of innovations and startups in the most promising tech field, IPN reports.
Aliona Stratan, First Deputy Chairwoman of Moldova Agroindbank, said digitalization and innovation are part of Moldova Agroindbank’s agenda. “We decided to join forces with FinTech Vertical 2021 partners to accelerate the identification of digital solutions in the field of financial services, stimulate innovative thinking and approach, support young people in IT and tech startups. The trend of digitalization of the banking system is fulminant and we are confident that through the program we will be able to further increase the speed of implementing digital solutions within MAIB, capitalizing on the talents in our country and supporting interesting projects that will be developed,” stated Aliona Stratan, being quoted in a press release of Moldova Agroindbank.
Yuriy Batkhin, Vice President, Market and Business Development, Mastercard Ukraine and Moldova, noted that fintechs have evolved as a new force that is changing the landscape of the financial industry, contributing to rapid digital transformation and giving consumers more choice. Worldwide Mastercard was the chosen partner for the top fintech brands. Through our dedicated programs, we help startups to develop their business, offering them the knowledge of a global Mastercard network, access to our customers and partners, but also to increase the capacity for innovation. Our mission is to contribute to the development of the ecosystem and the creation of new opportunities for collaboration, for the benefit of industry and the consumer. We are pleased to support “Vertical Fintech 2021” together with our partner Moldova Agroindbank, and I believe that this will bring new opportunities for Moldovan startups and stimulate the latest fintech solutions on the market, with a special focus on convenience, safety, and security,” said Yuriy Batkhin.
In the long-term, the program will generate such advantages as enhanced international competitiveness for Moldovan companies and enterprises, a better developed local market for B2B startups, accelerating entrepreneurship within the country, more foreign investments on the Moldovan market, financial resources in the startup ecosystem.
On April 23-25, a hackathon that will bring together future IT engineers, information technology enthusiasts and specialized programmers interested in this industry will be organized to develop practical solutions in the field of finance. FinTech Hackathon will host over 30 teams, becoming a starting point in selecting the participating teams for the next stage – the Accelerator. At the second stage, the Accelerator will support the 10-12 teams of start-ups selected in the initial stage to access the resources they need to develop fintech products and to move to the next level – the piloting. Participating companies have the opportunity to present and test their products at the end of the acceleration program. The target for acceleration and investment are innovative young companies with high potential for international development and expansion.
“FinTech Vertical 2021” will culminate in a conference attended by experts, startups, and all those connected to the financial industry. Here, the problems, fintech solutions, and needs of the field will be discussed, in order to build new business models through which the banks, companies in the field of financial services, and other market players could offer the best services to customers and business partners.
Those who want can register for the FinTech Hackathon and participate in the technologicalization of financial services by filling out the participation form.
