The TechForFin map of Belgium - companies clustered by different sector verticals

The banks that start to offer programs for customers over the age of 65 will be at the forefront.

Companies in every industry and geographic location around the globe are well aware that technological innovation is a key strategic topic. Digital transformation disrupts traditional business models, pushing organizations to invest in new technologies, invent new business models and reorganize internal processes.

B-Hive, a European enabler of innovative collaboration for fintech startups and established financial service organizations, announced today that financial institutions AG Insurance, Belfius, BNP Paribas Fortis, Degroof Petercam, Euroclear, KBC and SWIFT are working together on the creation of a blockchain-powered platform to simplify customer on-boarding for individuals and legal entities.

Blockchain is claimed to be the transparent system that will gain back Millennials’ trust in finance. Blockchain is the means to an end, gaining trust has everything to do with giving back control to the consumer. Do banks dare?

These past years financial institutions have accepted the existence of fintechs within their industry. This can be proven by looking at a survey PWC conducted in 2016. They observed that 32% of financial institutions are currently engaged in partnerships with fintechs versus 25% who do not deal in any way with fintechs...

The Proximity Shopping & Payment Experience Day was held on the 16th of June in the B-Hive HUB Brussels. During the event innovative startups and scaleups had a chance to pitch to established financial players and relevant consulting companies. The Experience Day had a positive impact fuelling the networking and further partnerships between the participants. 

On June 6 and 7, B-Hive had the opportunity to be a part of Level Up Belgium—the leading tech investment event set in the city of Ghent. The presentations included the 50 hottest scale-ups in SAAS, big data, mobile, IOT and e-commerce.

Money laundering and tax evasion are considered to be two of the main crime threats to the EU because they create great damage to the stability and reputation of the financial sector, and even to the economy as a whole. As these types of crime are becoming increasingly complex, sophisticated and dispersed internationally, action on a supranational level is required...