Credit Bank of Moscow will select and implement the best fintech solutions of Russian and international startups with the support of GenerationS

Credit Bank of Moscow, together with the corporate innovation development platform GenerationS, launched a search for innovative solutions in the field of fintech. The main goal is to find breakthrough innovative digital solutions to improve the customer service of the Bank.

It is planned to select at least 10 promising companies for further participation in the acceleration program. Projects that have successfully passed the expertise will be able to launch paid pilots with MKB as part of the acceleration stage and present their solution at a Demo Day, which is scheduled in early 2022.

For each pilot project, MKB will allocate up to 1 MRUR, which will depend on the technology or solution.

Companies with a ready-made solution from Russia and the EAEU countries, as well as from Israel, Latvia, Lithuania and Estonia are invited to participate at the MKB accelerator. Pilot experience will be a plus for the participants.

Among the key areas of search: ML / AI, Open API solutions, projects on the Blockchain, including NFT technologies, video and audio analytics - for retail business, for SMEs and self-employed, for the corporate and investment business of the bank.

You can find more details and apply on the official website: https://mkbreactor.ru. Applications are accepted until October 13, 2021.

Companies that have successfully passed the piloting stage will have the opportunity of long-term cooperation with the Credit Bank of Moscow.

GenerationS managing director Ekaterina Petrova: “New players and large customers are appearing on the fintech market today. Fintech startups around the world raised around $ 98 billion in the 1H 2021, according to a KPMG report. More and more high-quality, breakthrough and promising solutions appear on the market every day. As part of our program with MKB, we are not limited to finding and successfully testing solutions. It is important for us to find points of growth and mutual interest of startups and the bank in the long term.”