Oracle seeks fintech startups to join cloud portfolio

Oracle seeks fintech startups to join cloud portfolio

Oracle is on the hunt for mature financial technology startups to join its cloud-based ecosystem, collaborating with Belgian fintech hub B-Hive on a six-week 'ScaleUp' programme

The project will kickstart in January when Oracle and B-Hive will select 15 promising prospects from open auditions in Brussels and London.

The successful applicants will be challenged to develop a joint business model with Oracle, earn a proof of concept and enter one of the existing monetisation models on Oracle Cloud, where vendor’s customers can get access to their products and services.

The focus in the six-week programme will be on open banking, fraud detection and data monetization, says Mark Smedley, vice president of Global Financial Services Industry Solutions at Oracle.

“The goal of the Fintech ScaleUp program is to support fintech companies and help them become scalable and successful and provide them great sales opportunities in a short period of time," he says. "They will have access to Oracle client base of financial services industry players, be a part of Oracle Cloud’s extended ecosystem and make use of our cloud software. We will also provide mentoring and insights for the startups, with B-Hive’s help.”

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