Fintech Startups: Here’s your chance to take part in the Open Banking revolution

Fintech Startups: Here’s your chance to take part in the Open Banking revolution

In the Fintech world, Portugal is recognized for having one of the most advanced payments systems. This is a result of 30 years of open collaboration between the country’s key financial players, through the creation of SIBS – the Portuguese driver of Fintech innovation.

In January 2018, new European regulation on Open Banking comes into force, bringing new challenges to the banking ecosystem. So, it’s only natural that to face these challenges the spirit of open collaboration is again put to great use. To do so, SIBS is working alongside the main banks in Portugal to provide an “Open Banking API”.

The good news? They are looking for global, Fintech startups to take part in the creation of one of the most ambitious Open Banking ecosystems through our second edition of the SIBSPAYFORWARD Accelerator.

For the second edition, we will select startups with business & consumer solutions in Open Baking context, who are able to incorporate the development of the platform being implemented by SIBS.

Applications are already open for startups with a stable functional prototype and a customer base. So, why should you apply?

  1. Data: SIBS is in charge of the majority of financial transactions in Portugal due to their role in managing the ATMs and a part of the POS systems.
  2. Access: By collaborating with SIBS you can have access to the entire Banking system at once.
  3. Collaborate with industry leaders: An amazing opportunity to work with one of World’s top Fintech innovators.
  4. Mentors: work with industry experts and true decision makers that will guide you through the complex world of finance.

Almost convinced? Then, check out our website to learn more about the program, the mentors, and last years edition. Make sure you apply before the 15th of December!