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Consultancy services, mentoring,
coaching, technical support and
resources are provided in a specially designed
six-month cycle bringing together young people
with ideas and vision, businesses
and experienced business executives, and networking
the market with fresh and innovative ideas.




The program provides participants with benefits, such as:


Creative and collaborative


Support for the development of ideas,
technological solutions, new companies etc.


Consultancy services, cloud services
and technological support


Rapid development for proved
economically sustainable ideas


Transactions performed through the API
of the National Bank of Greece


Management of bank
data in real time


Networking with renowned international
accelerators and business executives


Initial funding and access
to investment funds




  • What is Fintech?
  • What issues are we hoping to address with be finnovative?
  • Why now?
  • What are we going to do at the three-day be finnovative BootCamp?
  • What are the criteria for selecting the teams?
  • How are the teams selected?
  • What services are provided besides the workplace?
  • What is the API Sandbox?
  • Do we have to attend the program and the activities regularly?
  • If my idea passes to the second stage of evaluation, what are we going to do at the three-day BootCamp?
  • Can we participate online?
  • If I participate, should I mention it in presentations of my product?
  • Do I have to pay to participate?
  • Do we have to give a percentage of the company that will be created?
  • Do I have to sign a non-disclosure agreement (NDA) for the idea I am to submit?
  • If a team has already been funded by another entity, are they allowed to participate?
  • How many members can a team have?
  • How many teams or companies will be able to participate?
  • I don't have a team, can I participate?
  • What is different about this accelerator of business ideas?
Fintech is a new economic sector concerning the development of methodologies, services and products that lead to more efficient financial services. A key component is the use of new technologies and cutting-edge media. Fintech directly affects not only the banking sector but also other sectors such as insurance, trade etc. Below we give some examples of the thematic areas, markets and typologies: Thematic areas
  • Payments (e.g. digital wallets, peer-to-peer payments)
  • Investments (e.g. equity crowdfunding and peer-to-peer lending)
  • Financing (e.g. crowdfunding, micro-loans and credit facilities)
  • Insurance (e.g. risk management, management of resources – goods - services)
  • Advisory
  • Metadata for knowledge production (e.g. big data analytics and predictive modeling)
  • Infrastructure (e.g. security)
Relevant market segments:
  • Retail banking
  • Corporate banking
  • Private banking
  • Life insurance
  • Non-life insurance
  • E-commerce
Market typologies
  • C2C
  • B2C
  • B2B
Market positions
  • Bank/insurer
  • Non-bank/insurer – bank/insurer-cooperation
The best way to change the production model of the country is by creating outward-looking and internationally-oriented viable businesses. As a horizontal driver of growth, technology can play a crucial role in the production of innovative solutions with the possibility of scaling up. In this way, good ideas can quickly turn into useful and profitable products and appealing services internationally. be finnovative welcomes innovative ideas and teams willing to work, and provides them with the tools that help them assess whether their product can be viable and scale up. If it can, then an idea will turn into a profitable business creating value, innovation, and jobs and contribute to the improvement of the economy and society.
Nowadays, there are a lot of new technologies, such as cryptography, artificial intelligence, communication and internet technologies etc., leading to the creation of new services. Technology can compress the value production cost over 30%, resulting in radical changes in this field. If we take into account the dynamics generated by the advent of these technologies in the field of financial transactions in recent years, changes in consumer behavior and the habits of millennials, and new trends in financing tools, we can see that today's technological and operational conditions foster radical changes in the field of financial transactions. National Bank of Greece has taken this initiative in order to contribute to the development of a new business ecosystem able to build and take advantage of the opportunities created in the field of fintech, thus actively contributing to the creation of new innovative and viable businesses and, ultimately, the improvement of the economy.
We’re going to work with the teams that were selected in the first stage of evaluation so that we approach their idea from two main perspectives: understanding the problem and creating a solution. In this way, we will learn through action. The basic principles of the methodological approach are the following: Understanding the problem, Observing the users, Understanding the findings–results, Generating new ideas, Creating a prototype–experimenting, Testing, implementing, improving. At the end of the third day, the teams and their ideas will be presented to the jury as well as the audience. The presentation will be broadcast online with live streaming. At the BootCamp, we will make first contact with the teams, their ideas, their vision, and their passion for their idea. We shall run a quick program in order to present the methodology to be followed during the six-month program of the accelerator, and we’ll help the teams develop their ideas. Finally, all the ideas will be publicly presented and they will be rated by the jury and the audience.
The evaluation criteria for the selection of the teams to attend the program are the following: Impact: The impact their solution will have on the market it is addressed to at local or international level, whether it is of business and/or social interest etc. Innovation: Operational and technological innovation, use incentives, technologies. Maturity: To what degree are the team and their solution ready to be commercially or otherwise exploitable, especially for the Bank? Viability: To what degree is the proposed business model viable? Each criterion has a weight of 25% and the rating is from 0 to 100.
If you’re interested in participating in the 1st cycle of be finnovative, you should fill in the application form that will be available on the website from 1 to 30 September 2016. The application form asks you to describe your idea and your team and give us other useful information that will help us see the value of your idea. The 16 best proposals along with the 4 teams-winners of the NBG #fintech crowdhackathon (if they so wish) will attend a three-day BootCamp to be held 14-16 October. On Sunday 16 October, the proposals will be presented to the audience and the jury. The 10 best teams will be selected to attend the 1st cycle of business acceleration.
Specialized courses, specific thematic workshops, individual contact with bank executives and mentors from Greece and abroad, services provided by the supporters of the program, a specific program for the development and evaluation of the service aiming at documented learning, resources, funding, opportunities for funding and networking, and contracts with the Bank.
The API Sandbox offers access to a secure environment for the use of bank data without affecting the actual operation of the banking infrastructures. Feel free to experiment!
Yes, you must participate in all activities.
The teams whose proposals get through to the second stage of evaluation will participate in a specific three-day program (BootCamp). There, they will optimize their idea with the help of mentors and, then, they’ll present it to the jury and the audience. The 10 teams to receive the best rating will participate in the acceleration cycle.
No. The program requires the physical presence at least of the majority of your team members.
It is recommended that the participating teams mention it in public presentations of the product or service they are to develop.
No. As a team shortlisted for participation, you don’t need to pay anything at all.
No. be finnovative is an impact accelerator and the cost of operating the program has been covered by National Bank of Greece and the supporters of the program.
No. In our view, although of course the idea is important, its implementation is even more so. And this is what we try to do during the program. Usually, the idea is changed and adapted to the real market needs through the development process. In any case, we commit to disclose the proposal information only to the evaluators and those in charge of the program.
Of course they are. They should mention it in the application form.
Ideally, a team should consist of 2-3 members. Α team is allowed to have more than 5 members, though this is not considered best practice. “Teams” comprised of just 1 individual are also discouraged.
Up to 10 teams will be able to participate in each cycle. They can be natural persons, teams or companies. In the case of companies, they should not have completed more than 3 accounting periods
We encourage participation by groups. If you are a developer, designer and, generally, have technical knowledge, but do not have any ideas on fintech, or if you have an idea, but you have neither technical knowledge to implement it nor a team with a developer, you can come to a match-making workshop and be part of a team. In any case, you may contact us and let us know.
The key features that make be finnovative stand out from other similar efforts are the following:
  • We focus on the skills and enhancement of the teams, and not just knowledge. We believe that the process is just as important as the result.
  • We focus on the crowd. Crowd is the new incubator for startups. We apply crowdevaluation, crowdinnovation and crowdfunding methodologies.
  • It is an impact accelerator, which means that participants are not expected to provide anything to the organizers in return.
  • It is supported by sponsors and supporters who return part of their success to society in order to achieve sustainable development. Participants are provided with the API of the Bank so that they work in real conditions.
  • Highly-experienced mentors offer their advice.
  • Renowned speakers from Greece and other countries give talks.
  • We cooperate with other countries.
  • We provide useful resources for the participants in services and money.
We aim to connect with a large network of supporters for the development of synergies.