10th Meetup @ SkyLounge
Most recent event
FinTech Austria meets Deposit Solutions, GINI, N26 @ RBI
Prominent LineUp of Speakers. Pluvious afternoon. Promising venue. On June 26th, 2018, the vast majority of Vienna’s FinTech Community ventured out to the 10th MeetUp of FinTech Austria hosted by the SkyLounge at Raifeisen Bank International. The conference room not only had a picturesque view over the heart of rainy Vienna but was also bursting once Patrick Poeschl, the Chairman of FinTech Austria, kicked off the sold out meetup with introducing the special LineUp: Deposit Solutions, GINI, and N26 – all 3 FinTechs had either started their operations or obtained a key customer base in Austria and were eager to share their success stories.
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Second speaker of the evening was Deborah Ruff, Customer Success Manager from GINI. Their business model is pretty straightforward: they want happy customers and they strive to achieve that through making the customer’s life easier. How? Through offering smooth customer experience. Anyone who has declared travel expenses in an incumbent institution knows the pain. GINI offers (magic “Gini”) document extraction solutions as a semantic-as-a-service or as an app enhanced through OCR, AI, and ML. They build their value proposition around use cases that are in demand by their B2B customers (eg. Bank Austria in AT) such as invoice payment, taxes, mortgages, etc through photo upload. Simply put, any relevant data that is needed for eg. accounting is being extracted out of unstructured documents such as invoices. Gini’s solutions have so far processed 11 mil of documents, which allegedly gave back 20 years of time to customers. Next coup: digital credit application capturing the 70% of customers that never close.
Georg Hauer rounded the evening up with Number26’s transformation into N26 and the road ahead. Their vision has always been to build a bank the world loves to use and to cut any annoying FX or TX fees that incumbents are banking upon. Key essence is to enable customers to have access to their finances all around the world. In 2016, N26 received a banking license and by now, has reached 1billion TXs/month employing 450 innovators. US and UK are their next milestones in terms of expansion, and speaking of expansion: Due to tech talent rather enjoying the Catalan sunshine, N26 is following their developers and opened an office in the Mediterranean Metropole recently. The FinTech wants to become to banking what Spotify has became to music through offering a fun, transparent, easy, and enjoyable customer journey. N26 Metal card is the next contactless product, which offers banking as a digital membership with special access to certain 3rd party services and corporate partners, eg. WeWork, Home24, anything the digital nomad cannot live without. Stay tuned for their next launch soon.
IMPRESSIONS 10th Meetup
We are working on a fancy line-up. Speakers will be announced soon.
FinTech Week ViennaNovember
We've come a long way. Thank you for you loyalty, FinTech Community of Vienna!
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FinTech Austria meetup #4 on December 5th '16 - Discussion about launching a Fintech startup in/from Austria: 3 founders shared their experience.
FinTech Austria meetup #3 on October 4th '16 - Introduction: Fintech Lab, a hands-on working space for FinTech founders in CEE.
FinTech Austria meetup #2 on June 6th '16 - The role of Fintech start-ups in Vienna compared to other European capitals.
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