Posted by & filed under Accelerator, Banking, Corporations, Featured, General, innovating.

Corporations benefit in many ways from having an accelerator. In our whitepaper, we already analyzed those benefits in depth. But one question that is sometimes tricky for people is: how much?

This is especially relevant when preparing a business case. Should you or should you not do an accelerator? What are the benefits, the costs, what do the numbers say? And sometimes you have to discuss with others in the corporation, why it’s a good idea to engage with startups. For those moments, it’s good to have some figures with you. 

That’s why we decided to build an economic model of the benefits; the Nestholma Business Case Builder. And we’re sharing Read more »

Posted by & filed under Accelerator, Startups.

While promoting our accelerator programs, we get lots of questions regarding logistics, financing, or other parameters that might influence your decision. Here are some answers to the most common questions:

Do I need to relocate to the program’s location?

The accelerator program is on-site: it requires the founders to be physically present in the corporation partner’s premises. Building a fruitful collaboration takes time (many meetings, involving many people from the corporation, etc). You need to be ready to invest those 3 months in the collaboration.

During that time, we also help you develop your business better in many ways, which in turn helps you structure and define the collaboration. This also requires decision-makers from the startup (the founders and/or anybody that you decide) to be physically present. You need to be able to make strategic decisions quickly during the program.

Of course, we understand time or travel constraints Read more »

Posted by & filed under Accelerator, Banking, Fintech, Startups.

China has been the number one market in fintech for a while now, and India is right behind it. But will 3rd king of the market be the Central and Eastern Europe (CEE)?

At first, saying so might feel a bit surprising, random even. Sure, there are some great success stories like Prezi, Ustream, LogMeIn coming from there, but calling the area the next big fintech market – maybe a bit too much. Except when you dig deeper you can see that it has many similarities with the current fintech leaders; in e.g. consumer mentality and environment, regulations Read more »

Posted by & filed under Accelerator, Banking, Featured, Fintech, Global Fintech Accelerator, Programs.

Collaboration between startups and corporations is not easy. Most attempts to cooperate actually fail. There is a cultural divide between their two worlds. This why you need a mediator who understands both of those worlds: to make the collaboration a win-win for both the corporation and the startups.

Luckily, our area of expertise at Nestholma is exactly that: collaboration. Turning it into an actual business. Making the magic happen. “Banks and startups speak a different language”, says András Fischer, Head of Retail Innovation. “We need an interpreter”. Tweet this. And we’re proud to say that they have chosen Nestholma as such an interpreter.

But what does Nestholma bring into the mix for the startups and the corporation, as an acceleration partner? Read more »

Posted by & filed under Accelerator, Banking, Fintech, Innovation, Startups.

It’s clear that for startups, having a big bank as a partner is crucial. And that OTP Bank is such a partner. It can make it or break it. It makes your startup bank-validated. But collaboration is not a one-way street. Tweet this. You also need to understand your partner and their motives; why they want to collaborate with you. After all, those are the things that will shape how the future collaboration will really be in practice.

We had a chat with key people in OTP Bank to find out and share with you. And let me tell you, startups are in for a treat. Read more »

Posted by & filed under Accelerator, Banking, Fintech, General, Programs, Startups.

It’s time for more deals and more pilots! Taviq from our second Nordea accelerator has just signed a pilot agreement with Nordea Private Banking, going live now. And that’s awesome news for Taviq and Nordea, but even better for Nordea’s customers!

Juho Isola on a MoneyFintech panel with Nordea's Ewan MacLeod.

Taviq’s Juho Isola on stage with Nordea’s Chief Digital Officer Ewan MacLeod.

In Private Banking and wealth management, too many clients drop off during the first meeting. That’s because the first meeting is like a cold blind date. Except the customer and the wealth advisor know even less about each other. The first meeting is spent figuring each other out; if the wealth advisor even is the right one to handle their money. Read more »