Finqware is preparing for the second Open Banking Hackaton – CEE edition

19 august 2020

Building upon the success of last year edition, held in Bucharest in the historic date of 14 September – when PSD2 went live in Europe, Finqware is preparing a second edition of the innovation challenge event: Open Banking Hackathon 2020 – CEE edition.

The event will be held fully remote between 17-20 September and will involve important resources from Central and Eastern Europe, interested to push fintech innovation.

The event will be an invitation for fintech teams from 10 European countries (Poland, Romania, Bulgaria, Hungary, Austria, Croatia, Slovenia, Slovakia,Czech Republic and Greece) to be part of the challenge to build value creation applications on top of the battle tested Open Banking data aggregation platform provided by Finqware.

Big international companies like Google, Asseco, SEE, CMS already confirmed their support for this regional event, interested to see banking innovation increasing velocity in the CEE.

Regional important banking institutions like OTP Bank, Raiffeisen International, Alpha Bank, Banca Transilvania and First Bank already stated their interest to support the event, some others being in the confirmation stage.

The supporting partners interested to contribute to the succes of the event are also fintech associations, innovation communities and startup accelerators from Hungary (OTP Lab), Austria (Pioneers, Elevator Lab), Romania ((Techcelerator, InnovX, Rofin.Tech, Startup Grind Bucharest), Bulgaria (Bulgaria Fintech, Eleven Accelerator), Slovakia (Slovak Fintech) and „many more are joining the club each day”, organizers said.

Cosmin Cosma – CEO of Finqware, the initiator of this event:

We want to make Open Banking megatrend a leap frogging opportunity for local banks in CEE. It is one of their chances to be ahead of the pack in digital innovation at the global scale and to serve their local customers.

It is true that nobody knows for sure all the roads of creating value from Open Banking as we are in the pre-history of this revolutionary shift. Our event is an opportunity for the players to collaborate together in learning (banks, fintechs, tech companies and regulators) how to make things happen.

We hope they will all understand that supporting innovation to come out from lab to market, through events like Open Banking Hackathon CEE edition, will accelerate the progress in our financial industry.

This year, in order to assure the professional logistics and project management of this four days fintech event, How to Web joined to support the organisation of the edition.

We aspire that Open Banking Hackathon to be like an Eurovision contest for innovation in open banking. Our partners are interested to help us make this CEE edition a big succes, in order to lay the foundation for awareness growth of the event in the coming years„, added Cosma.

The event and all the details will be very soon announced here

NOCASH.RO is media partner of the event.

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Cifra/Declaratia zilei

Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?