CEU iLab Teams among Most Promising Fintech Solutions

The Hungarian Fintech Book 20/20 has just been published online by FinTechZone.hu, collecting Hungary’s 20 most promising fintech solutions.

CEU iLab’s 4 current and alumni teams are included in the list: BrokerChooser, Salarify, Talk-a-bot and Family Finaces. We are incredibly proud that CEU iLab has or had the opportunity to contribute to the progress of these teams, which work on making our everyday financial transactions easier or improving the processes of major financial service providers.

As Christopher Mattheisen, General Manager for Hungary at Microsoft points out in the Book, digital transformation is not a possibility but a must in the financial sector. It means that there is a growing competition in this sector and the fintech startups need to stand their ground both in the global arena and in relation to traditional players like banks that also actively integrate the latest technologies in their operations.

Professor Péter Szilágyi, Head of fintech section at CEU iLab, and Head of the MS in Finance program at CEU was lucky enough to follow the development of these startups very closely in the iLab, and brought his massive experience in teaching fintech management to the HUNFINTECH 20/20 jury. As he mentions in the Book, he expects much more openness and motivation from Hungarian banks for the integration of disruptive fintech solutions.

CEU iLab has accumulated an extensive experience in the fintech field mentoring these teams. We accompanied some of these teams almost from day 1, or idea phase and saw how their hard work and dedication paid off. We are ready to take on new fintech teams into our one-year incubation program. Our next cohort kicks off in September 2020.

The 4 teams included in the Fintech Book:

BrokerChooser:

BrokerChooser helps people invest by matching them to the best, custom-fit and credible investment solution providers. Founded in 2016, Brokerchooser quickly became the leading European broker comparison site.

Salarify:

Salarify is a digital financial ecosystem for employees, with a goal to disrupt the monthly pay-cycle as we know it. It gives access to employees’ earned, but unpaid wages so they don’t have to wait for the next payday or apply for unhealthy loans to face unexpected expenses.

Talkabot:

Talk-A-Bot is Hungary’s leading chatbot agency. They create tailor-made integrated chatbots for enterprises like banks, insurance companies, realtors, retailers, utility providers, leading international brands, etc. They turn conversations into monetization.

Family Finances:

Family Finances provides its partner banks with both a comprehensive, end-to-end research-design-implementation service and off-the-shelf, easy-to-implement boxed products. Their solutions enable banks to engage both millennials and GenZ with design-oriented digital interfaces.