Consumer Finance: Point of Sale Loan Origination

  • September 18, 2020
  • Belgium, Europe, France, Germany, Italy, Netherlands, Portugal, Spain
deadline:​
00
Days
00
Hours
00
Minutes

Problem statement & Solution needed

In the last year the bank’s risk and fraud models have been greatly improved (applying artificial intelligence to analyse behavioural patterns and external data sources), with all these improvements we are prepared to increase the volume of granted loans for consumer financing, especially to non-customers. 

We are looking for startups that offer a solution with a friendly UX, experience collaborating with other financial entities and closed alliances with merchants and e-commerce retail stores. It is essential that the integration with the bank is simple and has connection with APIs.

Increase the volume of loans in the consumer finance segment, especially at the online point of sale, considering the context of the COVID-19 where purchases by e-commerce platforms have increased considerably. 

Who can apply?

Solution of interest:

Consumer Finance | FinTech | Lending

Business model:

B2C

Technologies:

Big Data | Data Analytics | Machine Learning | ML | Open APIs

Maturity - employees:

10

Maturity - Stage:

€ 2.000.000

Geographical activity:

Partnership model:

Co-creation, Equity Investment, PoC / Pilot, White-label

What are we offering

We offer a long-term collaboration with a potential investment if both sides agree. There is no monetary prize

Challenge deadline

00
Days
00
Hours
00
Minutes
01/07/2020
Launch
01/07/2020
18/09/2020
Aplication deadline
18/09/2020
21/09/2020
Evaluate
21/09/2020
09/10/2020
Winner
09/10/2020

Organizer

Headquarters

Netherlands

Founded

1990

Employees

10

Sector activity

Banking

Countries

Portugal

About the company

Pioneer in digital banking and one of the most innovative banks in the world. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity and responsibility to make an impact for the better. 

Challenge Rules

Increase the volume of loans in the consumer finance segment, especially at the online point of sale, considering the context of the COVID-19 where purchases by e-commerce platforms have increased considerably. 

FinTech companies that can provide the solution in Europe and meet the requirements described before can participate.  

Criteria of Jury 

  • Requirements described 
  • Solution 
  • Easy implementation and connection  
  • Cost
  • Nr. collaborations with financial institutions and closed alliances with merchants and e-commerce stores 

We accept applications until 18th of September. After that, our team will review every participant and will communicate it privately to the winner. 

There will be only one winner. 

The only winner will gain the opportunity to launch a pilot and to scale within our company and we won’t do any communication regarding the Challenge during the process. We communicate the winner privately. After the Challenge, any communication will be agreed with the winner. 

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