17 March 2018
Erik Bogaerts

Banking Mashup

Erik Bogaerts - Naqoda

28Posts 106,568Views 16Comments

An afternoon of Japanese open innovation and karaoke

08 February 2017  |  5153 views  |  0

Whilst everyone else went to immerse themselves in the latest PFM technology - or is it robo-advisory this year - at Finovate Europe, I decided to head to NTT DATA's Open Innovation Contest Finalist Pitch Day hosted by Innovate Finance at nearby Level 39. NTT DATA not only operates in the banking and finance space but also realises projects such as the digitalisation of the Vatican library.

The contest is open to business ideas and applications related to the challenges posted by NTT DATA group companies across the world. Challenges which are not only related to FinTech as I found out later. The winner of the London contest will move on to the global round in Japan in March. Given that NTT invests $1.8 billion annually in R&D, certainly a good place to be.

While Zamma san from NTT Data demonstrated his singing abilities, we were introduced to the contestants. As you will see, not only FinTech companies. Yet, interesting to see how blockchain gets applied outside the FinTech space. So here they are, in no particular order:

  1. DreamQuark: Artificial intelligence as a service for insurance and health.
  2. City Falcon Limited: The Spotify of financial news. For people who can’t use Google.
  3. Everledger: Blockchain ledger protecting valuable assets throughout their lifetime. Be sure that bottle of Margaux 2001 is the real deal.
  4. GiPStech Srl: Indoor localisation app using a combination of inertial, geo-magnetic and RF signals. Never get lost in an underground car park again.
  5. eMemory.it: Like Facebook but with cold storage and privacy and without ads. For people with lots of grand-parents.
  6. Money Mover: White labelled international payments solution for banks.
  7. Oval Money: PFM for the financial illiterate.
  8. RiskSave Technologies: Robo-advisor with less risk and cheaper.
  9. Sedicii Innovations Limited: Protecting your identity. On a blockchain. With API's.
  10. Tallysticks: Payday loans for small businesses.
  11. Wirex limited: Bitcoin debit card with 400k users.

Each contestant had 10 minutes to pitch their idea. I always find these things to be a bit like karaoke, without a drink. You’re up there, trying not to make a fool of yourself and the audience is supportive and more than forgiving.

And the winner is … Everledger.

A bit surprising that the winner is not a FinTech company but an interesting afternoon nonetheless.

NTT DATA Open Innovation UK Finalists 2017 TagsInnovationStart ups

Comments: (0)

Comment on this story (membership required)

Latest posts from Erik

Core banking: no more lipstick please

07 March 2017  |  5565 views  |  5 comments | recomends Recommends 0 TagsRetail bankingInnovation

An afternoon of Japanese open innovation and karaoke

08 February 2017  |  5153 views  |  0 comments | recomends Recommends 0 TagsInnovationStart ups

Industrialisation to unlock the efficiency and agility of banking

30 January 2017  |  3991 views  |  0 comments | recomends Recommends 0 TagsRetail bankingInnovation

Legacy systems, it all starts with a pot belly

24 October 2013  |  1597 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationInnovation

Flexbility is killing

05 February 2013  |  3203 views  |  2 comments | recomends Recommends 0 TagsMobile & onlineTransaction banking

Erik's profile

job title Owner
location London
member since 2010
Summary profile See full profile »
Erik Bogaerts is the owner and director of Naqoda, a FinTech company providing software solutions to the financial industry.

Erik's expertise

Member since 2010
28 posts16 comments
What Erik reads
NaqodaCore Banking Platform

Who's commenting on Erik's posts