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Rainmaking Colab
FinTech

Rainmaking Colab is a new model for a changing market. It provides established industry players early access to relevant growth stage startups. Through a theme based innovation program, Rainmaking Colab is designed to equip corporates in mature markets with the capability and experience to create engagement and solve real business problems.

Solving real business problems

Startups remain relevant for industry innovation, and growing numbers of established industry players engage startups via hackathons, accelerators and competitions. However, mature markets like New York and London are starting to experience ‘accelerator fatigue’.

Rainmaking Colab is a theme based innovation program, created by the founders of Rainmaking and Startupbootcamp FinTech, to help industry incumbents solve real business problems.

The model is designed to create real projects and meaningful engagement. Through careful due diligence and the selection process, Rainmaking Colab connects later stage startups with proven technology and business models, to the right people within established industry organisations, going beyond matching two like-minded companies.

Why should you join the program?

Theme based to tackle industry problems, allowing for deeper insights into specific sectors.

For mature markets to create real commercial engagements between established players and growth stage startups with proven technology and business models.

Working together in a trusted peer group to observe how others engage with startups, learn approaches to external innovation and evolve digital transformation strategies.

Detailed landscape analysis for each theme, looping into an innovation learning process.

Free for startups to explore commercial opportunities, expedite growth and receive focused attention from industry players.

Focus

Areas of interest that might be explored within the upcoming themed programs

1. Capital Markets

FinTech startups have had the greatest impact at the retail end of financial services so far, but the opportunity for collaboration in capital markets is real and growing. Capital markets startups have been flying under the radar but now is the time for real collaboration, as solutions to complex front-, middle- and back office problems are emerging. We’re looking for startups that are using technological advances such as Artificial Intelligence (AI), Robotic Process Automation (RPA), distributed ledgers and cloud technologies, among others, to deliver innovation that was previously hard to achieve.

2. Identity

Technology can lead to huge improvements for customers in everything from online safety and data protection to giving people access to banking and its services in the first place. Developments in technology from biometrics to distributed ledger technology, and smartphones to cryptography have opened up the potential around ownership and management of identity. We are searching for startups who have built identity-related solutions that are capable of transforming financial services.

3. Regulation

Effective financial regulation is crucial to innovation and the future success of the financial services industry. There are also unprecedented opportunities for reforming regulation, finding solutions to the current regulatory pressure and creating new business opportunities by cutting costs and opening new revenue streams. Whether it be capitalising on opportunities created from new global regulatory policies or automating existing processes within compliance teams, we are looking for startups who are reforming regulation.

4. Artificial Intelligence & Machine Learning

2017 was the year of artificial intelligence and machine learning as companies experiment with and adopt new machine learning-enabled business models, solutions and services, and enter new markets. Fraud prevention, robo-advisory services and credit scoring are some of the largest growth opportunities for the application of machine learning in financial services. We are searching for startups that are introducing innovation into the system by offering financial services that are cost-effective, faster, automated, and take into account changing consumer behaviour.

5. Security

While FinTech has grown rapidly and offers several advantages such as reduction of costs, improved customer retention and differentiation of financial institutions from the competition, security and data privacy are top threats to the continued rise of FinTech. We are looking for startups that are putting security and data privacy concerns at the centre of their businesses, whether it be from tackling fraud from the initial KYC / AML checks through to payment patterns, incident monitoring and reporting, to secure cloud storage.

6. Data & Analytics

Banks and financial institutions store more financial data than entire governments and can use this data freely in compliance with the regulatory bodies of their respective countries. Artificial intelligence and big data analytics are key to the success of FinTech and will transform the banking industry. Offering improvements on how to leverage this data with artificial intelligence and analytics is helping to put the power back in the hands of the individual. We are searching for startups providing opportunities to better understand and service clients, utilising the wealth of data created from customer tools.

7. Client Onboarding

In an increasingly competitive, digital environment, creating a simple client onboarding process, while complying with regulatory pressures, can be the difference between success and failure. We are looking for startups who are committed to solving and streamlining the issue of client onboarding with technology, improving the efficiency and ability to work with new markets, for both consumers and businesses.

8. Financial Wellness

Financial wellness is a concept that touches all of us, both those who have access to traditional financial services, and those who do not and are addressed by initiatives looking at financial inclusion. Improving our financial wellness, individually and as a society, isn’t easy. Especially as consumers expect ever more data-enriched, insight-driven, interactive and digital ways of addressing their financial issues. We are searching for startups that can bring real digital engagement for our financial needs and improve the financial services that are available to consumers, providing better transparency, access and outcomes.

How it works

Rainmaking Colab runs in waves throughout the year. Each cycle targets a different industry theme, following these stages:

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Selection

Our analyst and scouting team researches over 1,000 startups based on real business challenges set by our industry partners. Once we have conducted in-depth research, the top 50 startups will be shortlisted – predominantly revenue making post-seed companies – and taken through to the interview stage, before our industry partners choose the startups to join the program.

Selection Day _27 copy
Program

One month later, the chosen startups will be back in London or New York for the commencement of the two week program.

This program is designed for startups to connect with the right stakeholders within each of the industry partners to explore where there are opportunities for commercial relationships. We’ll also be providing startups with access to top industry mentors, VCs and growth stage startup coaches.

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Current Theme

Colab’s current theme is Alternative Finance. Alt-Fi spans a wide range of asset classes in both B2B and B2C finance. From process automation in a traditional lending environment, to innovative approaches in non-core ares like reward programmes, solutions that challenge historical credit risk assessment and change the game for small business financing are ready to be explored.

Colab’s reach is global. We are looking for companies who have raised between Seed and Series A, and/or companies who have a solution ready to go to Proof of Concept (POC) with financial institutions.

If you fit these criteria, and sit anywhere in the value chain of Alt-Fi, get in touch with us to learn more about how you can participate in the Colab programme.

Selection Day

May 24th, 2018

Ecosystem Event:

May 31st, 2018
Register

Program Dates

June 25-28, 2018
July 9-12, 2018

The team, our partners and mentors

The faces that bring Rainmaking Colab to life

The Team

Nektarios Liolios

Nektarios Liolios

CEO & Co-Founder

The global face of Rainmaking Colab and international FinTech Fossil

Helene Panzarino

Helene Panzarino

Managing Director

A former Banker, and an entrepreneur, backed up with large corporate experience.

Ghela Boskovich

Ghela Boskovich

Head of Partnerships

FinTech fanatic and supporter of inclusiveness, bringing financial institutions to the table

Megan Hayes

Megan Hayes

Program Director - New York

Formerly COO of Startupbootcamp FinTech New York, bringing together stakeholders and running the program in New York

Christine Jaram

Christine Jaram

COO

Running the operations in London and New York

Triin Linamagi

Triin Linamagi

Head of Ecosystem and Marketing

Formerly Head of Marketing for Startupbootcamp FinTech London, creating opportunities for startups and corporates to come together

Katherine Dvorkin

Katherine Dvorkin

Communications Director

Generating buzz and creating noise in the global FinTech community

Simone Tranchina

Simone Tranchina

FinTech Analyst Intern

Supporting scouting and due diligence process

Our Mentors

Claire Calmejane

Claire Calmejane

Director of Innovation at Lloyds Banking Group, Fintech Advocate, Trailblazing Women in Tech

Lloyds Banking Group

Harrie Vollaard

Harrie Vollaard

Innovation Director

Rabobank

Rob Wirszycz

Rob Wirszycz

Chairman & Advisor at Meguro LLP

Meguro LLP

David True

David True

Partner at PayGility Advisors and President of NYPAY

David True has over 25 years of experience with all parts of the payments world: merchants, issuers, networks, and processors

Jean-Stephane Gourevitch

Jean-Stephane Gourevitch

Managing Director

Mobile Convergence Ecosystems Ltd

Stefanie Shelley

Stefanie Shelley

Chief Marketing & Product Officer Financial Services & FinTech

Green Bank/Star Mountain Capital

Søren Rode Andreasen

Søren Rode Andreasen

Chief Digital Officer and Executive at Dansk Bank UK

Søren has more than 10 years of experience within the Nordic financial sector. 

Richard Dallas

Richard Dallas

CEO/Founder and Business Growth Advisor

Richard Dallas has 25 years experience across banking, financial services, insurance and business services.

Christina R.Valauri

Christina R.Valauri

Executive Director

Executive Director at Drexel Hamilton, Co-Founder of Global Shokunin

Kathleen DeRose

Kathleen DeRose

Board Member at Go Beyond + startups

Asset/Wealth Management Senior Executive,Board Member

David Parker

David Parker

Director

Polymath Consulting

Jim Milby

Jim Milby

Trustee, Mentor, Senior Advisor and Board Member

IFC, McKinsey, Uphold Inc

Alexa Fernandez

Alexa Fernandez

FinTech Partnerships

BBVA

Andrew Tan

Andrew Tan

Program Manager – Strategic Market Development

Platinum Investment

Fabienne Gimenez

Fabienne Gimenez

Senior Global FinTech Executive

S&P

Antonella Socci

Antonella Socci

Marketing, Brand and Communications Leader

Advisor, Skipping Rocks Lab-Ooho, Ex Vice President, Head of Product Marketing at Visa

Attul Sehgal

Attul Sehgal

Founder, Red Octopus Innovation

Attul has worked / consulted for some of the biggest brands including RBS, Deutsche Telekom, O2, Vodafone, Inmarsat, Telkomsel, CIM

David McDougall

David McDougall

Product leader and Product Innovation Consultant, BSI

Product leader and innovation consultant who has worked with companies across Europe and North America to build new value propositions

Jeremy Larsson

Jeremy Larsson

UK General Manager and Director of Strategic Partnerships, CurrencyFair

Jeremy is UK General Manager and Director of Strategic Partnerships at CurrencyFair, the pioneering P2P currency exchange platform.

Partners

Where

 

London
TechSpace
Granville House, 25 Luke St, London, EC2A 4DS

New York
1412 Broadway, New York, NY 10018

I’m interested in getting involved

Want to take advantage of the program?

Drop us a line and we’ll be in touch.

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