Register here - https://www.akbanklab.com/en/akbank-pochallenge
Akbank PoChallenge
Innovative Project Call
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#innovation #poc #startups #fintech #globalcommunications #digitalsandbox #akbank
Join Akbank’s Innovative Project Call: PoChallenge
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Applications Open
Fintechs, startups, and tech companies can register for Akbank PoChallenge from October 1-31, joining Akbank LAB to drive innovation in banking.
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Submit Your Proposals
Submit your project proposals to showcase innovative solutions for Akbank’s customers or employees. Akbank LAB will evaluate a wide range of ideas.
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Shortlist Announcements
Akbank will announce the shortlisted participants who will move forward in the PoChallenge and present their solutions on Demo Day.
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Presentation and Travel Plans
Shortlisted participants will submit their final presentation & plan their participation for Demo Day.
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Demo Day
At Demo Day on November 26, winners will be announced. Finalists will have opportunity to work on paid PoC project with Akbank .
Applications Open
Fintechs, startups, and tech companies can register for Akbank PoChallenge from October 1-31, joining Akbank LAB to drive innovation in banking.
Submit Your Proposals
Submit your project proposals to showcase innovative solutions for Akbank’s customers or employees. Akbank LAB will evaluate a wide range of ideas.
Shortlist Announcements
Akbank will announce the shortlisted participants who will move forward in the PoChallenge and present their solutions on Demo Day.
Presentation and Travel Plans
Shortlisted participants will submit their final presentation & plan their participation for Demo Day.
Demo Day
At Demo Day on November 26, winners will be announced. Finalists will have opportunity to work on paid PoC project with Akbank .
All timings are as per (GMT +3:00) Baghdad, Riyadh, Moscow, St. Petersburg
Organized By
In Partnership With
About Us
Akbank LAB is the innovation center of Akbank and coordinates innovative activities within the bank. We strive to be in effective communication with all parties inside and outside of Akbank, and to implement innovative solutions that will facilitate the lives of our internal and external customers with third party collaborations. Until now, we have conducted nearly 50 proof of concept projects out of more than hundreds of ideas and now nearly half of successful projects are live.
To ensure that Akbank is the first bank to considered as collaboration partner, we invite all local and global companies to produce innovative projects for Akbank via PoChallenge. If you are a fintech, startup or technology company whose products or services will create value for Akbank customers and employees, send us your solution proposal and let's test it together!
Please explore the challenges that require solutions and submit your relevant solution proposals as part of the PoChallenge where applications will be collected globally between October 1-31. Shortlisted companies will be invited to the Demo Day on November 26 at Sabanci Center Istanbul, and finalist companies will have the opportunity to conduct a paid proof of concept project.
click here - https://www.akbanklab.com/en/pochallenge
Challenges
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Challenge #1
Mobile Banking Touchpoints
Akbank would like to seek enhancements and solutions to increase
- Engagements/interaction per user on the app, especially for younger and elder age groups
- Higher adoption of suitable products through the app
- Up-to-dateness of customer information upon approval
Enhancements can include but are not limited to:
- Education and learning modules/journeys
- Open to licensing education content such as investment introduction
- Gamification of financial products and functions to achieve:
- Increase in engagement with the app
- Increase in brand loyalty to the bank
- Increase in products adoption
- Increase in data points to understand the bank's clients
- Any other functions not available on the app or restructuring existing user journey on certain functions.
Challenge #2
Beyond-Banking Ecosystem Generation
- Akbank would like to support its digital solutions further into ancillary business, in the form of ecosystem banking.
- Akbank is seeking solutions that can
- embed more lifestyle-related offerings into the digital banking application
- act as complimentary with banking and payment systems by providing any or all of the following:
- shortening the integration process of different services
- decreasing the dependence on in-house technical infrastructure or
- offering a wide network of potential merchants/partners.
- Solutions referenced by global banks, leveraging new technologies and loT solutions will be prioritized
Challenge #3
Corporate/SME Based Finance Solutions
- Akbank is exploring providing Supply Chain Finance (SCF) for importers and exporters
- SCF should be able to cater to both domestic invoices (transacting in Turkish L ra) and international contracts (transacting in USD and other currencies).
- Onboarding of non-Turkish customers, assignment of receivables
on a legal basis, authenticity of signatures/approvals, supply and verification of documents should be governed by applicants - Regulatory functions have to be enabled within such as KYB, AML and Travel Rules
- There is a special interest in on-premise pre-shipment financing solutions.
- Onboarding of non-Turkish customers, assignment of receivables
Challenge #4
Reimagining Finance
- Akbank is seeking solutions that change the way finance works and meets the client needs of the future.
- This category allows applicants to think beyond traditional scope of banking and finance.
- It welcomes any innovative ideas and solutions that introduce new dimensions to the industry even if they are not currently part of banking applications
- Applications with products and services that already exist and currently used successfully by other financial institutions are prioritized
- MVP should be suitable for running a proof of concept project and value proposition should be differentiated from other challenges.
Challenge #5
Artificial Intelligence for Good
- Akbank and Microsoft are looking for Al-based projects for social good
- These projects will be supported by both parties and published on partner platforms
- It will also be possible to turn finance-related solutions into projects within the Akbank
- Solution must be tackling an underlying problem of the Sustainable Development Goals' frameworks given below
- Applicants are welcomed to work on focus areas of Microsoft as stated Al for Good Lab
- Please visit ReFI Turkiye for further program favors
Benefit in participating
OPPORTUNITIES
The winners of PoChallenge will have the opportunity to work on paid Proof-of-Concept (PoC) projects with Akbank. In addition to these paid collaborations, successful participants may also secure long-term partnerships as official suppliers to AKbank
Demo Day Invitation
Opportunity for shortlisted companies to make presentations to Akbank executives
Paid PoC
Opportunity for paid proof of concept project with companies selected at Demo Day
Supplier Opportunity
Opportunity for becoming supplier of Akbank if the proof of concept study is successful
Eligibility
- Must be a mature fintech, startup, or technology company.
- Should have existing products and references that can meet the bank's customer volume and criteria.
- Suitable for running a Proof-of-Concept (PoC) project.
- Participants can apply with a minimum viable product (MVP).
FAQ
Who can apply for the event?
We are looking for mature fintech, startup or technology companies that already have products and references that can meet the bank's customer volume and criteria.
How do I participate?
To participate in Akbank PoChallenge, you must first fill out the application form. After an evaluation, selected companies from those who fill out the application form will be informed and continue the process.
What kind of solutions are being sought?
Applications should be made with products and services that already exist. MVP should be submitted in the application and suitable for running a proof of concept project.
Should the projects be focused on a certain areas?
You can produce a wide range of solutions, please explore the challenges that require solutions and submit your relevant solution proposals. Don't forget to visit the ReFi Türkiye website for Artificial Intelligence for Good Challenge!
Is any fee charged for participation?
No, Akbank PoChallenge is free to apply. Travel expenses will be paid for companies invited to Demo Day.
What are the prizes?
Shortlisted companies will be invited to the Demo Day and finalist companies will have the opportunity to conduct a paid proof of concept project.
Where can I follow the announcements?
You can follow us on Akbank social media accounts. You can reach us via akbanklab@akbanklab.com for your questions.
More about the challenge
More about the challenge
Click here to know more about the challenge
HOW TO REGISTER & SUBMIT PROPOSAL
HOW TO REGISTER & SUBMIT PROPOSAL
Please click on the link below to know How to Register & Submit Proposal.