Posted by & filed under Accelerator, Fintech, Global Fintech Accelerator, Insurtech, Startups.

If you could ask anything from the innovation experts of Bankia, BBVA, Sanitas, Santander or Sparklab of Nationale Nederlanden – what would you ask? Have you wondered what innovative ideas the financial and insurance sector might be having for the future? What are the hottest trends and technologies the banks and insurance companies are after right now?

Join the Distrito Digital Virtual Bootcamp

on Friday, June 12th 2020 

at 9:00 to 12:30 CET

…and see which finance, insurance and blockchain solutions the financial institutions are currently looking for! 

We like to do things a bit differently so be ready to witness a one of a kind Virtual Bootcamp. See the top fintech and insurtech startups from 12 different countries pitching live, ask questions from the partners joining the fireside chat and jump inside the online networking and connect directly with the people you want to talk to!

This Virtual Bootcamp is the first part of Nestholma’s global Blockchain & Fintech Accelerator Program that continues connecting startups and financial institutions around the world!  

So what are you waiting for? Go and sign up here and see you at the Distrito Digital Virtual Bootcamp!

Posted by & filed under Accelerator, Fintech, Global Fintech Accelerator, Insurtech, Press release, Startups.

Press release, Alicante Spain, June 2, 2020

The Comunitat Valenciana Digital District maintains its firm commitment to the Fintech and Blockchain sector with the online version of the I Bootcamp Blockchain Fintech Accelerator that was postponed in March.

This Virtual Bootcamp is part of The Comunidad Valenciana Digital District’s plan to become an innovation factory that attracts talent and creates new business opportunities. 

The Comunidad Valenciana Digital District has transformed the I Bootcamp Blockchain Fintech Accelerator @Alicante into online format including various collaboration days between startups and financial institutions and an online webinar called Distrito Digital Virtual Bootcamp, that will be held on June 12. The best 20 startups of the Fintech and Blockchain sector from 12 countries will be participating in this Virtual Bootcamp, together with financial institutions including Bankia, BBVA, Sanitas, Santander and Sparklab (Nationale Nederlanden Spain).

The I Bootcamp Blockchain Fintech Accelerator @Alicante was postponed last March for security reasons due to Covid-19. The Blockchain and Fintech Accelerator team, managed by the company Nestholma, evaluated for this challenge the projects of more than 3,000 startups from 62 countries, and contacted more than 1,500. For the final phase, a total of 20 companies have been selected.

The Virtual Bootcamp will take place as online webinar on June 12 and is open for the public around the world to join with prior registration through this link: Distrito Digital Virtual Bootcamp.

The 20 startups selected to participate in the Virtual Bootcamp come from countries such as the United Kingdom, Mexico, Sweden, Spain, Poland, Finland, Hungary, Lebanon, Ireland, Estonia, Bulgaria and Greece.

These companies represent the categories of most interest to participating financial institutions: practical blockchain applications for banks and insurers, financial education, smart contracts, well-being and accessibility, tokenization and traceability, international payments and commercial financing.

Aware of the significant growth of the fintech sector, Distrito Digital has made a firm commitment to promote and drive this online program, with the aim of attracting the best talent and supporting the development of the technology business, so that it joins the ambitious innovation ecosystem.

ACTIVITY PROGRAM

The Distrito Digital Virtual Bootcamp will be held on June 12 from 9:00 a.m. to 12:30 p.m. (Central European Time Zone). It will start with the opening words after which there will be online pitches from each of the 20 startups.

After the pitches the representatives of the different financial institutions will take part in an interactive fireside chat, analyzing the scope of the activity of each startup, as well as the possibilities of implementation of their respective business models. Finally all the participants will have the opportunity to interact with financial institutions and startups and get to know each other.

Program of the Distrito Digital Virtual Bootcamp

12th June 2020

  • 9:00h Opening
  • 9:15h Pitches from the startups
  • 10:45 Fireside chat with financial institutions
  • 11:15h Break + virtual networking
  • 11:45h Pitches from financial institutions
  • 12:00h-12:30h Closure + Networking

Posted by & filed under Guest blog, Insurance, Insurtech.

This is a guest post from one of our mentors, Petri Ekman. Petri is an experienced executive with a broad and in-depth experience in financing, financial and insurance products and risk management strategies for corporate clients. Petri’s current role is the founder and owner of Elevon Consulting Oy. There he focuses on advising companies in carrying out change programmes and setting up financing solutions. 

In part one, I discussed the external factors forcing change upon the insurance industry. There is an obvious question that arises after. What is holding back insurance companies from changing their ways? Especially taking into account all of these looming threats on their horizon?

Again, I see a number of factors, many of which are universal, not insurance industry specific. Here is my list:

1. Non-life insurance is profitable

The non-life business is profitable today. That is because companies in a difficult investment environment have systematically cut their operating costs. And thus made their primary insurance business much Read more »

Posted by & filed under Featured, Guest blog, Insurance, Insurtech.

Guest blogger Petri Ekman Nestholma MentorThis is a guest post from one of our mentors, Petri Ekman. Petri is an experienced executive with a broad and in-depth experience in financing, financial and insurance products and risk management strategies for corporate clients. 

Change Started Later than in Many Other Industries

During my 12 years in insurance, I used to hear numerous times the claims “there have not been any new products in this industry for 100 years” or “this is how we have conducted our business for 120 years, and so far things have been rolling rather nicely.” These arrogant-sounding statements were used to blunt ideas to get some change in, well, most anything.

In reality, a major shift had already taken place then. Many companies had started to drive down their expense ratios to improve the profitability of their insurance operation. Read more »