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A UNIQUE FINTECH ACCELERATOR
AN INTENSIVE 16-WEEK PROGRAMME TO PUT GREAT FINTECH CONCEPTS TO THE TEST AND BRING THEM TO MARKET. DOES YOUR STARTUP HAVE WHAT IT TAKES TO REVOLUTIONISE THE INDUSTRY?Applications Closed
DISCOVER WHAT MAKES US DIFFERENT
Why Fintech Village is one of the fastest ways to test your concept in a real banking environment
We know that testing your concept with a bank requires true commitment
Which is why we fully integrate you in ING’s business by appointing a relevant, senior decision-maker as your sponsor for the duration of the programme. So you can move quickly and put together your proof of concept in collaboration with all relevant parties.
We tailor our approach to the needs of your company
Every company is different. Which is why we assemble a team of mentors that is tailored to your needs. To take advantage of the most relevant client relationships and existing partnerships while maximising the growth of your value proposition.
We realise you will also need a network of strong partners
FinTech Village is backed by external partners such as Deloitte and SWIFT. The knowledge, wide-ranging expertise and access to global networks they bring to the table can often make all the difference.
We understand the importance of a strong community and an inspiring atmosphere
FinTech Village is located within the B-Hive fintech ecosystem, offering top-quality office space and access to a variety of concurrent workshops and events. The ecosystem is located just 20 min away from key EU institutions and within 2 hours from London, Paris, Amsterdam and Frankfurt.
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We make sure our programme is always relevant and always focused on moving you forward
We ensure you get a fully personalised journey, combining sessions that challenge the essence of your start-up with simple lessons on starting, leveraging and expanding relationships with financial institutions. Every session is run by some of the best names in the industry.
EXPLORE OUR CHALLENGES
This year’s programme will focus on 4 main challenges aimed at changing the face of banking.
THE 'PERSONAL BANK' CHALLENGE:
EXTREMELY DIGITAL SOLUTIONS THAT LET US BE EXTREMELY PERSONAL WITH OUR CUSTOMERS
THE 'SECURE BANK' CHALLENGE:
NEW WAYS TO SECURE, AUTHENTICATE AND FACILITATE CONNECTIONS WHILE KEEPING IT USER-FRIENDLY
THE 'EFFICIENT BANK' CHALLENGE:
SOLUTIONS LEADING TO X10 EFFICIENCY GAINS THROUGH NEW AND SIMPLE WAYS OF WORKING.
THE 'STRETCH THE LIMITS' CHALLENGE:
REVOLUTIONARY IDEAS THAT DISRUPT OUR CURRENT UNDERSTANDING OF BANKING. NEW WAYS TO PRODUCE, DISTRIBUTE AND/OR DELIVER FINANCIAL SERVICES THAT GO BEYOND BANKING AS WE KNOW IT TODAY.
THE INNOVATIVE BANK CHALLENGE:
WILL SOLUTION HARNESS A NEW INNOVATIVE CONCEPT/TECHNOLOGY THAT OPENS UP A WHOLE NEW MEANING TO BANKING?
THE PERSONAL BANK CHALLENGE:
IS YOUR SOLUTION EXTREMELY DIGITAL WHILE REMAINING EXTREMELY PERSONAL WITH THE CUSTOMER?
THE SECURE BANK CHALLENGE:
DO YOU HAVE A NEW WAY TO SECURE, AUTHENTICATE AND FACILITATE TRANSACTIONS?
THE EFFICIENT BANK CHALLENGE:
DOES YOUR SOLUTION LEAD TO A X10 EFFICIENCY GAIN THROUGH A SIMPLE AND NEW WAY OF WORKING?
START YOUR JOURNEY
Discover the main drivers of success and ways to boost your chances of being selected to the programme
Is FinTech Village for you?
You can solve at least one of the challenges:
We are looking for outstanding teams with great ideas capable of solving one of the challenges we have selected with our partners. Of course, if you have something really innovative or disruptive that goes beyond the bounds of these challenges, do not hesitate to surprise us!
You have a strong team:
For us, your team is essential. We like impressive teams that are up for a challenge and with an outstanding ability to execute and learn from our programme.
All other things being equal, we would rather take on a superb team with an OK idea than vice versa. In order to fully benefit from the programme, it is important that you have a complete team that can carry out a first product roadmap to completion.
You have a good understanding of what you want to test at Fintech Village:
The goal of the programme is to design and launch a Proof of Concept or pilot before completion.
This Proof of Concept may be to test the viability, desirability, feasibility or even scalability of your solution within our markets.
While it is not essential that you have launched PoCs before, if you have then we would love to hear more about them and the respective outcomes. So we can tailor our collaboration to move even faster!
You are able to attend the programme at the Fintech Village office in Brussels for 4 months:
In order to get the full benefit of the programme, it is essential that you can spend time with us and the other villagers on site. In practice, this would mean:
- At least 1 person from your team should ideally be available on site in Brussels for the duration of the programme.
- All relevant team members should be present for the relevant sessions within the programme
- You should be able to attend and follow up on meetings with sponsors at one or more of ING’s offices in Brussels, Luxembourg, Amsterdam and Berlin.
What is our commitment?
If you are accepted to the programme, you can expect the following:
- A dedicated lead sponsor at senior level that will work closely with you on the design of your Proof of Concept
- A tailor-made programme focusing on the relevant learnings you need to move forward.
- A personalised team of mentors and sponsors from ING and our external partners to support you on your journey and provide access to the expertise and networks we have available.
- A dedicated office space (including internet access, desk and meeting space) at B-Hive for the full duration of the programme as well as accommodation for up to 3 members of the team.
How can you boost your chances?
The quicker you apply, the better as this will allow us to begin coordinating with the relevant stakeholders in the business.
Please include the following information in your application:
- Evidence of your market credibility, commercial successes and other endorsements, particularly those from key figures in the financial sector, venture capitalists , etc.
- Details of the progress you have made so far with your prototypes and solutions.
- Your vision on the key hypotheses you would like to test as a next stage of your development.
What is the timeline?
19 Sep – 4 Dec 2016
18 Jan 2017
Iterative build, test, launch
April – June 2017
End of June
Meet our FinTech Village inhabitants and hear what they have to say about the programme
Meet our 2017 cohort
The mentors & sponsors
Each startup will be assigned a personalised team of mentors and sponsors. Catch a glimpse of the high-calibre experts we have in store for you!
We have an open model with multiple strong partners and access to their respective networks.
The ING FinTech Village is an initiative powered by ING Belgium in strong collaboration with ING Luxembourg, ING Netherlands, the ING Group and other key partners.
ING Belgium SA/NV provides a comprehensive range of financial products and services for its customers via an equally diverse range of distribution channels. It is a full subsidiary of ING Bank NV, servicing 32 million private, corporate and institutional customers in more than 40 countries in Europe, North America, Latin America, Asia and Australia.
ING has a long-standing history of innovation, including the straightforward, customer-centric approach of ING Direct, among many others.
Innovation Studio is ING FinTech Village’s sister accelerator located in Amsterdam and coordinated by the ING Group.
Pertinent answers to some of your frequently asked questions.
- How do I apply?
You can apply by clicking the ‘apply now’ button on this page. It will link you to a questionnaire on www.F6S.com. Finalizing this questionnaire will mean you have officially applied. In any case, you will receive news from us on the next steps.
- What kinds of startups is FinTech Village targeting?
We are looking for technology-driven startups that offer solutions relevant for financial institutions and/or which can help us provide superior financial services to our customers. Target startups are close to the proof-of-concept stage, with the intention that they can conduct a proof-of-concept or pilot with ING and/or FinTech Village Partners.
If you are ready to sell, then FinTech Village is likely not for you. ING may however have other ways to interact with you. Drop us a line at firstname.lastname@example.org.
- How many companies will be selected?
We will host between 7 and 10 startups. The exact number is less important than qualitative considerations. Our aim is to select great teams with great ideas for whom our programme can make a substantial difference.
- Based on which criteria?
The most important criterion for us is your team. To increase your chances of being selected, our best advice is that you build a team with the right mix of experience, skills and mind-set. In addition to that, the sooner you apply, the sooner we can bring you into contact with potential mentors to discuss the potential of a collaboration. We suggest that you make as much progress as possible towards a workable Proof of Concept (PoC).
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