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Five European institutions join multi-bank innovation platform

Thursday 26 April 2018 00:55 CET | News

Aareal Bank, BNP Paribas, Deutsche Bank, DZ Bank and NETS Group have joined with Silicon Valley-based innovation platform Plug and Play to create a fintech centre in Frankfurt.

Operating in conjunction with TechQuartier, the one-stop startup hub in the heart of Frankfurt, the alliance - dubbed Fintech Europe - aims to provide a shared accelerator for startups to work with and showcase their products to a coalition of some of Europes leading banks.

He says the first five founding partners will dictate the focus of the programme based on their current use cases, with Plug and Play championing a selection of highly rated startups sourced via its global network.

The programme is set to kick off on 29 May, and the first batch of startups will join in June. TechQuartier will provide complimentary desk space along with mentorship from a network of executives, investors and entrepreneurs.


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Keywords: banks, innovation platform, Deutshche, Aareal, Nets, DZ, BNP
Categories: Banking & Fintech
Companies:
Countries: World
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Banking & Fintech