Exploring innovations existing in Italy and abroad, to advance and implement new solutions through Open Innovation, to achieve the technological and digital transformation of the banking sector. With this objective in mind, FCA Bank and I3P, the Innovative Companies Incubator of Politecnico di Torino, launch “Digital Factory”, an exploratory call for proposals for innovative start-ups and small and medium enterprises.
Digital Factory will focus on the developement of Fintech and Insurtech's search for solutions that, through the use of innovative algorithms or methodologies, support:
- payment processes;
- new insurance and financial risk assessment systems;
- alternative credit management methods, financing and microcredit products for the automotive finance industry through the use of algorithms and innovative methodologies.
The focus will be also on the creation of automated and smart systems to analyse insurance and financial needs and to perform gap analyses to generate customized profiling for new customers and, in the remarketing phase, for existing customers.
Participation in the process is free: submissions should be uploaded by 6 January 2021 into the Digital Factory website. The projects will be evaluated by a committee of experts, who will select the finalists by 5 February 2021. These shortlisted candidates will be able to illustrate their proposal at the final event, which will be held in February 2021.
The winner selected by the jury will then have the chance and the resources to develop a Proof-of-Concept (PoC), to test and prove on the field the feasibility of the use case presented, thus beginning its interaction with FCA Bank and the Group’s subsidiaries.
The launch of the Digital Factory call for proposals in cooperation with I3P – part of the “Start&Pulse” program of Crédit Agricole Consumer Finance – is another step in FCA Bank’s digital transformation process. This process, undertaken to innovate the entire banking sector, has already resulted in significant developments for digital payments.
“We have great confidence and expectations in the collaboration with I3P, a partner with which we share the approach to technological innovation and which has shown to be on the frontline of open innovation solutions”, said Giacomo Carelli, CEO of FCA Bank S.p.A. “In fact, we at FCA Bank strongly believe in the innovative impetus of start-ups and SMEs, especially for a sector such as ours, where the digitalization of processes and services has been accelerated by the pandemic emergency”.
"We are very proud to be able to cooperate with FCA Bank in its Digital Factory project, by providing support to the Open Innovation activity intended to activate collaborations with start-ups”, said Giuseppe Scellato, President of I3P. “Open innovation initiatives represent significant opportunities both to explore new technologies and services and to develop human capital”.