Cloud solutions for Business Management

  • November 30, 2020
  • Spain
deadline:​
00
Days
00
Hours
00
Minutes

Problem statement & Solution needed

Problem Statement:

We are an entity that has historically been positioned in the world of the individual. In recent years, the area of companies has taken centre stage and importance, and we are at a key moment. 2020 ends our 2018 – 2020 stratagic cycle, in which we have adapted our capabilities to be very competitive in an increasingly complex environment. We have also achieved relevance and internal positioning of company banking, fine-tuning processes and preparing for profitable growth in the next strategic cycle 2021 – 2023.

We are a relevant, differential and highly positioned entity in the objective segments of this challenge: micro-enterprises, shops, professionals and freelancers. That is why, in such a competitive context, of increasing banking concentration, we cannot limit our value proposition to offering the best solutions and financial products. Incorporating into our offer a set of disruptive solutions that complement and integrate into our offer and our channels, providing our customers with differential value, will help us to generate a level of relationship with them more intense, closer and longer lasting over time, facilitating the acquisition of new customers and improving the linkage of existing ones.

In turn, this set of solutions should allow us to generate new ways of entry and improve the profitability provided by these groups to our income report.

The launch of this challenge is part of Inno-Vamos, our program of open innovation challenges through which we seek to detect external talent of startups, scaleups and specialized companies that provide us with innovative and agile implementation solutions to improve our internal processes, our financial solutions, our channels, our relationship and value proposition towards our customers.

We aspire to select and integrate a set of fintech solutions and services that add value to micro-enterprises, retailers, professionals and freelancers. This value contribution can be generated with new solutions:

  • That complement or incorporate substantial improvements in our financial offering
  • That we can integrate into other existing solutions or channels

These solutions must bring together a number of attributes that allow us to:

  1. Explicitly improve our value proposition towards defined segments
  2. To enhance the commercial discourse of our managers, with an understanding and capacity for prescription and sale on their part. All this to facilitate the recruitment of new customers and improve the linkage of existing ones
  3. Generate new revenue streams for the entity
  4. Be tested and be able to be implemented quickly

Solution Needed

At Ibercaja, we firmly believe on the potential of cloud solutions for business management and we want to help our customers to reach their maximum potential. We are looking for every cloud solution that affects our clients business, no matter which industry affects. We want to expand the interconnected horizon!

We believe that identifying and selecting a number of Fintech solutions that complement our financial solutions offering is an achievable and easily achievable challenge. However, our great concern is that the solution can be implemented easily and quickly, sensing the customer’s usefulness and value, and by helping our managers and business figures to build a discourse that facilitates the acquisition of new customers and the linkage of existing ones.

Proposals including some form of training or support service that would make it easier for micro-enterprises, shops, professionals or self-employed people to adopt the proposed solutions will be welcomed.

Who can apply?

Solution of interest:

FinTech

Business model:

B2B | B2B2C | B2C | B2E (Business-to-Employee) | B2G (Business-to-Government)

Technologies:

AI / Artificial Intelligence | APIs | Augmented Reality | Big Data | Blockchain | Blockchain Infrastructure | Brain Computer Interface | Chatbots | Cloud | DLT | Machine Learning | Quantum Computing | Quantum cryptography | Security & Surveillance Technology | Smart Contracts

Maturity - employees:

All

Maturity - Stage:

€ All

Geographical activity:

Partnership model:

Joint-Venture / Co-creation, PoC / Pilot, White-label

What are we offering

  1. Economic Rate: articulated in a collaboration contract for the provision of the proposed solution. This rate will depend on the business model and the operation of the solution
  2. Brand support. During the time that the Ibercaja challenge is being developed will allow the candidacy working on its resolution to incorporate in its corporate image “Open Innovation member of Ibercaja”

Challenge deadline

00
Days
00
Hours
00
Minutes
04/11/2020
Launch
Start application process
04/11/2020
30/11/2020
Aplication deadline
End of reception of applications
30/11/2020
02/12/2020
Evaluate
Start of evaluation process
02/12/2020
09/12/2020
Winner
Announcement of a winner
09/12/2020

Organizer

Headquarters

Zaragoza (ARA), Spain

Founded

1873

Employees

All

Sector activity

Banking & Financial Institution

Countries

Spain

About the company

Ibercaja Banco is the eighth largest banking group in Spain and we always aim to offer excellent solutions to the financial needs of our three million clients. Our professionalism, closeness and social and regional commitment are just some of the features that distinguish us.

For more than 140 years, Ibercaja has remained committed to providing top quality financial services to individuals, institutions, freelancers and SMEs through more than 1,200 branches around the country and our highly professional team, comprised of more than 5,500 employees, or 24 hours a day at ‘Ibercaja Directo’.

Challenge Rules

The evaluation of the proposal will be carried out directly by Ibercaja, depending on the adjustment to the demand of the solution of the challenge, as well as other parameters that may be linked to the technical, financial and innovative feasibility of the proposed solutions.

The main parameters to be taken into account by Ibercaja for the evaluation of the proposals received are:

Validity of the business model: corresponds to the clarity and maturity of the value proposition, as well as the accuracy of the target customer, how the solution is intended to be generated, as well as the respective revenue and expense model.
Innovation/differentiation: corresponds to the degree of transformation of the proposed solution into something valued in the market, that is, how much value is added to the challenge posed in the face of the nearest solution.
Use of technology: corresponds to the assessment of the degree of technological innovation involved in the product or service, that is, how much technology is rooted in the proposed solution. Its differentiation from the nearest technology influences this aspect, as well as its complexity or competitive replication factor.
Team capabilities: Corresponds to the team’s ability to carry out the project, strengths and weaknesses, as well as positively evaluating the team’s experience, work networks and percentage of dedication to the project.
Feasibility: corresponds to the estimation of the level of uncertainty that is perceived from the solution and value proposition to be implemented in the target market defined both in the necessary period of time or the funds necessary for its realization.
Proposal of the collaboration model: the solution provided, should be complemented by the partnering model or strategic alliance with Ibercaja for the deployment of it to the end customer.
For practical purposes, a PDF deliverable of no more than 20 pages is requested, in which the above points are argued, and those additional that each candidate considers to provide value to defend the proposed solution.

In addition, references to similar implementation projects carried out, the experience of the team and the process proposed for the resolution of the challenge will be taken into account.

Join our newsletter

Register for the event

Open Banking Disruption: Big Data, Data Analysis & AI Applied to Open Banking/Future Banking

Register for the event

The best Cloud and Cibersecurity for FinTech

Register for the event

The Best FinTech B2B solutions to scalate your business

Register for the event

Top FinTech Solutions for Sustainability

August 2020
MonTueWedThuFriSatSun
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
6

Log in

Or

Don´t have an account? sign up

Join the 1st FinTech
Matching as a Service platform

Our Platform will connect you with 50.000+ FinTech, Corporations & Investors.

Register to access 50.000+ new opportunities!
It'll take less than 2 minutes