News

B-Hive & Capitant: working together on an innovative digital talent marketplace.

In order to build its future-proof talent marketplace, B-Hive conducted a survey with 3500 Capitant students who will soon come on the job market or who have gained a first professional experience. This way, B-Hive had the opportunity to get insight in the expectations of the future working population and this population participate in the creation of a platform that is truly tailor-made to their needs.

First of all, it was quite surprising that these young professionals and students show to be rather conservative in their approach towards the job market. They look for jobs at fairs and on LinkedIn. However, a significant change is that they use their network from the very beginning of their career. Indeed, some 90% of the respondents say they call in their network to find a first job.

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Youngsters don’t like the phone anymore. They prefer to be contacted by an employer by e-mail. We thought that e-mail was not that much of a communication channel for young people anymore, but tomorrow’s generation is not yet ready to interact purely with chatbots. Probably a huge relief for the majority of HR professionals…

When talking about a platform they’d like to use and its functionalities, the new generation prefers to get insights in their strengths and development areas by means of taking e-assessments (67.50%) and they are also looking to interact directly with potential employers (81%). This is where the importance of real-time feedback comes in.

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Another interesting result is that young professionals are not interested in standardized job descriptions anymore (62%). They want testimonials, get insight in the day-to-day jobs through video or even VR, know the values of a company, …

The exchange of a job in return for skills definitely belongs to the past. Some 35% of the respondents also indicates that content about job market etc. is less appealing when looking for an opportunity in a focused way. When taking a closer look at the expectations towards a first job, the Capitant community is mainly on the lookout of learning opportunities throughout their career (97%), possibilities to grow professionally (78%), a good salary (62%) and a flexible work environment (57%).

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Overall, expectations have shifted a bit and job security is no longer on the wish list of young professionals. However, real-time interaction, immediate feedback and open communication are important requirements for companies wishing to hire tomorrow’s workforce.

Next step: we will go live on the SuperNova tech festival in Antwerp end of September. People who got a 75% match (or higher) with a job opportunity at one of the exhibiting companies or pitching scale-ups will receive a free ticket to drop by and get in touch with their potential new employer. After SuperNova, your CV will stay online after your explicit consent.

A major thank you to all Capitant members who participated in our survey.

Should you wish to get a more in-depth insight, don’t hesitate to contact ellen.thijs@b-hive.eu – We are still open to receive your resume on https://talentbuzz.cloud.beworkhappy.com/en/

Oracle and B-Hive Europe to collaborate on Fintech Innovation Program

Oracle and B-Hive Europe to collaborate on Fintech Innovation Program

Oracle has chosen Brussels as a European gateway to roll out its Fintech Innovation Program to Europe. Oracle plans to dedicate additional European staff and resources to set up mutually monetizable relationships with fintechs and digital banking innovators. Oracle plans to work with B-Hive Europe to accelerate enterprise readiness for participating fintechs and banks.

Amsterdam, the Netherlands Report

With our mission of connecting the dots in fintech, B-Hive launched a series of roadshows in 2018 to build bridges between key European fintech hubs. Our last stop before Digital Finance Europe 2018 is Amsterdam - just in time for Money 20/20 Europe. The Netherlands’ favorable business environment it a logical next expansion point for fintech companies based in Belgium or just moving to Belgium.

B-Hive Establishes Footprint in the Baltics during Roadshow

B-Hive Establishes Footprint in the Baltics during Roadshow

As the Baltic States provide a multitude of promising opportunities for fintech startups & scale-ups, B-Hive along with multiple stakeholders in its ecosystem went to Tallinn on May 23-25 to energetically contribute in the conference agenda of Latitude59 - the flagship startup & tech event of e-Estonia – and to actively connect with the Baltic finance community.

Marketing and Project Manager - Internships

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B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, we work on common innovation challenges and build bridges to the start-up and scale-up community. We aim to put Brussels on the map as the smart gateway to Europe and leverage on the opportunities offered by the digital transformation for the financial services industry.

 

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Project Manager

We are looking for a motivated talent to join our Products & Services Team.

Responsibilities:

- Support project management activities: actively engage in projects with financial institutions and tech companies, prepare and organize workshops and project meetings, ...
- Organize pitching and matchmaking events (both locally and internationally)
- Perform desk research and scouting reports on specific topics
- Write opinion pieces and reports

You are:

- You are passionate about what you do and have a strong interest in everything that’s connected to technology and the financial world.
- You have experience in project management or event organization
- You are fluent in English (French and/or Dutch is a plus)
- You have good writing skills in English
- You are independent and easily adapt to an environment that constantly changes. 
- You are hardworking, pay attention to details, and are eager to go the extra mile.

Benefits:

- An opportunity to challenge yourself and grow with the awesome B-Hive team
- You’ll meet a variety of companies (both financial institutions as well as tech companies, both local and international)
- A fun, fast-paced, challenging and highly dynamic start-up environment
- A first-hand experience in a scale-up: growing fast and  expanding internationally

Desired period:
Preferably long term internships (+3 months), but short terms (minimum 2 months) can be discussed as well.

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Marketing

We are looking for a motivated talent to join our Products & Services Team.

Responsibilities:

- Support in the planning and execution of marketing campaigns and the organization of our events and annual conference.
- Writing content on fintech and innovation
- Support our growing community of 150+ fintech startups and scaleups.

You are:

- You are passionate about what you do and have a strong interest in everything that’s connected to marketing and the financial world.
- You are fluent in English/French/Dutch (native English is a plus)
- You have excellent writing skills in English
- You are independent and easily adapt to an environment that constantly changes. 
- You are hardworking, pays attention to details, and are eager to go the extra mile.

Benefits:

- An opportunity to challenge yourself and grow with the awesome B-Hive team
- A fun, fast-paced, challenging and highly dynamic start-up environment
- A first-hand knowledge about digital marketing 

Desired period:

Preferably long term internships, but short terms (minimum 3 months) can be discussed as well.

Tech as enabler for flipping the mindset in HR as business partner

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by B-Hive, HR Tech Valley, and Officient

When you think about innovation, dynamics, exciting technology in business, HR probably isn’t the first department that springs to mind. Things you probably mostly associate with HR are: low profile department, conservative in the way things are done, lots of administration, lot of talking to people, low tech.

But times are changing. Organizational leaders are increasingly concerned about attracting, retaining and motivating the best talents. This is becoming ever more challenging because talents in 2018 keep their consumer mindset switched on all the time: they want their dealings with their (future) employer to be efficient, effective, performant and transparent. As a key player in the relation between individuals and organizations, HR needs to step up its game, and the amount of tech to help them achieve this, is growing exponentially since roughly 2014.

This tech has evolved from on-premise process automation (late 1980’s) over large backbones systems in the cloud (around 2011) to an explosion of targeted value adding point solutions (since 2014). A look at the map of Belgian companies building software for HR showcases this explosion nicely. About two thirds of these 140+ companies didn’t exist before 2014 and those that existed were mainly focused on process automation, staffing & scheduling or resources & hiring – what many consider ‘hard HR’.

But there is an increasing demand for focus on human-centered topics – like work-life balance, burnout, cultural fit,…. It’s no longer just about matching CV’s to a job description, but also about finding the candidate that fits within the team. It’s no longer about giving candidates the tools to perform their job, but also about getting them engaged. And HR Tech is providing HR the means to achieve this end.

Let’s dive a bit deeper into this by taking a look at what’s happening in FinTech – as an example of the employer side of this continuum – and the technology developed by the Belgian startup Officient.

A trend becoming very clear in the last years, is the so-called gig economy. Companies don’t hire all their people with fixed contract anymore, but hire skills and competencies in function of punctual needs. On the other side, employees become more and more self-aware, are driven by values and purpose instead of money and job security, and not everybody is willing to be part of a company ‘ad vitam eternam’. The market of freelancers and contractors is growing strong. Recent studies suggest that in the future, the core of a company (fixed employees) will represent only 30% of the total workforce. The rest will be bot and robots, temp workers, freelancers and contractors. A real challenge here consists in maintaining your company’s identity and values. How do you keep those alive and how do you market these, working with gig people on numerous projects?

Next to this, digitalization can be frightening, because artificial intelligence proves to be able to take over tons of our current jobs. However, it also leads to the creation of new positions, where new competencies will be key. How can companies keep up with the pace of digitalization and what can be done in terms of reskilling of current employees in order to make them ‘future-proof’?

At B-Hive, we are currently building a matchmaking tool which will of course continue working with classic parameters like a resume and a job description, but the matching will be made automatically, based on information the system gained thanks to e-assessments taken by the candidate. Company as well as candidate get to see opportunities matching their specific ‘DNA’, which drastically reduces searching time for companies. Candidates also get to see the skill gap analysis of their profile regarding the job of their dreams: this way, they know which competencies are lacking and they can focus on appropriate training or coaching in order to be ‘fit for the future’ or a better match for the proposed position.

Create more people time through seamless HR administration:

The evolution towards HR analytics is mentioned as one of the main HR trends. Pioneering companies around the world are starting to use a data-driven approach to HR. For example, Google analyzed the efficiency of their selection process and experiments with ways to motivate employees to eat healthier.

One of the key challenges of starting with HR analytics is gathering the right data and making it accessible. Indeed, HR data tends to be scattered across the software of the payroll provider, numerous excel sheets and paper documents in physical file cabinets.

Officient, an HR Tech startup from Ghent, recently received the award for the ‘Coolest HR Tech Solution of the Year’. They are helping HR make a smoother transition to HR analytics. The young company already serves over 50 customers like Mobile Vikings, Joyn, Intuo and Club Brugge. Their product is an HR platform that simplifies personnel administration in SMEs, covering the entire lifespan between the on- and offboarding of an employee. One of the unique features of Officient is how it integrates HR data. Automatic integrations with payroll providers such as SD Worx and Securex are one of a kind. These integrations, together with an open API, allow customers to centralize all their HR data in one overview and keep data synced across multiple tools.

Officient’s true vision, however, is to take HR analytics to the next step. Michiel Crommelinck, co-founder and Product Lead at Officient, explains: “Already, our customers are learning important new insights from their HR data, such as a better view on total pay cost and absence distribution. In the future we want to use our data-driven approach to ultimately serve as the digital HR assistant for our customers. This assistant would be able to make predictions such as who might be at risk of leaving your company and give evidence-based advice on what to do about it.”

What B-Hive and Officient have clearly understood is the need for a different, more future-oriented approach of HR. Businesses (small, medium and corporate) have an increasing need for proactive HR that advises them on crucial matters like aligning talent with business strategy and using HR data to plan ahead. This is an important shift compared to the day-to-day focus which is currently predominant in HR.

Technology will assist HR in making this shift, but it will also mean re-skilling for many people in HR. If HR doesn’t understand this, they might one day find they have become the taxi drivers reacting against Über and if HR doesn’t prove its added value on the matters stipulated above, C-level probably will not be willing to protect HR like governments do for the taxi drivers. The challenge HR faces is more than just the increasing amount of technology, but the change of mindset and willingness to re-skill.

During the Fin & Tonic on May 28 B-Hive will present the matchmaking tool they are building and the speakers will dive deeper into the changing world in which HR people are living today.

B-Hive Joins Forces with Fintech District for Milan Roadshow

B-Hive Joins Forces with Fintech District for Milan Roadshow

On May 17, B-Hive joined forces with Fintech District to host its first joint matchmaking event featuring 10 pitching companies that are active in the digital payments space. Fintech District is an open ecosystem that wants to represent the Italian fintech community. Created in 2017 by SELLALAB and Copernico, it aims to foster the development of Italian and European fintech companies, and to support the growth of the financial ecosystem of the future.

B-HIVE and WSBI-ESBG sign partnership agreement

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On Tuesday, May 15th WSBI-ESBG signed a support partnership agreement with B-Hive, a European collaborative innovation FinTech platform based in Belgium that brings together major banks, insurers and market infrastructure players.

With an extensive international network B-Hive fosters knowledge and experience exchange in the field of innovation and technology. Its various work programs (called Hive) engage in collaborative projects to develop tangible outcomes or standards and establish bank-FinTech collaborations, research, public collaboration events and training as well as information sharing.

WSBI-ESBG is a global network of savings and retail banks with 110 members in 80 countries worldwide. With innovation and digitalisation being one of its core topics, WSBI-ESBG will contribute to this partnership with its expertise and activities in best practice sharing and industry insights on retail banking and business transformation in Europe and globally as well as its know-how in policy and regulatory matters.

The partnership between WSBI-ESBG and B-Hive will leverage the strengths of the two networks to create synergies, fuel discussions and insights with added-value additional information gained through the various complementary viewpoints of the partners.

 “B-HIVE and WSBI-ESBG have a wide range of common topics in the innovation field, so we want to boost synergies and bring together our two networks to dig deeper into what financial technology (FinTech), digitalisation and business transformation concretely means for financial services nowadays“ says Chris De Noose, WSBI-ESBG Managing Director.

Fabian Vandenreydt, Executive Chairman of B-Hive, says “This is the beginning of a great collaboration. As B-Hive aims to build a global innovation and collaboration platform, we are pleased with the signing of our partnership alongside WSBI ESBG, and we greatly look forward to working together on extending not only our knowledge sharing, but also our network through mutual collaboration.”

B-Hive's Scouting Mission In Israel

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B-Hive's mission is about connecting the dots in fintech. Earlier this week some of our B-Hive partners went on a scouting mission to meet and connect with 35 hand-picked innovative companies in Israel.

Despite its relatively small size with a population of 8.5 million people, the nation has developed more high-tech start-ups than all of Europe in recent years, and trails only the US on that score. Silicon Wadi (which means Silicon Valley in Arabic) is an area around Tel Aviv on the country’s coastal plain that has a cluster of high-tech industries built around military, start-up and venture-capital communities. 

This 3 day B-Hive mission was fully packed with meetings with local VC’s. Over these 3 days, we met with 4 Venture Capitalists : Aleph VC, JVPMoneta VC, Vintage VC, and Viola Ventures  These were investing at different stages of the companies, some focusing more on early stages, versus other being able to invest at later stages. All of them introduced us to their portfolio companies active in data analytics, cyber security and other tech companies offering services to the financial world.

Israel: a Startup Nation

What is clear after meeting several key players in the fintech ecosystem and also talking with the ambassador of Belgium in Israel, is that Israel as a fertile ground for innovation. It is often referred as the startup nation

The Israeli Defense Forces (IDF) is a key reason innovation is so rampant in Israel. Mandatory conscription for all Jewish Israelis leads to a whole range of government-supported skills, contacts, and resources. Conscription in the IDF also helps develop leadership skills that align perfectly with the non-hierarchical nature of a startup.

But while there is no doubt that conscription has a positive effect on the Startup Nation, is simply isn’t the only reason for the success Israel has seen in recent years. With each VC and founders that we spoke to, a broader set of factors became apparent.

You can read the full report of the Israeli landscape and trends

Meeting with Israeli VC firms

 Philippe Mauchard introducing his friend Michael Eisenberg, co-founder of Aleph VC

Philippe Mauchard introducing his friend Michael Eisenberg, co-founder of Aleph VC

The first day started with a meeting at Aleph VC in downtown Tel Aviv. Aleph is a venture capital fund focused on partnering with great entrepreneurs to help scale them into large, meaningful companies and globally recognized brands. Michael Eisenberg, one of the three partners welcomed our group and explained us what was so special about Israel startup nation. After we got the opportunity to meet with their top portofolio companies in cyber security, data modeling and customer experience solution to drive user engagement. 

Then, in the afternoon we went to Google campus to meet with another 10 startups providing solutions in cyber security, user engagement and data analytics. It was a fully packed pitching session with very innovative companies. In the evening we had the honour to be invited at the Belgian Ambassdor's house for reception with startups founders and a meeting with Uri Adoni, venture partner at JVP. Jerusalem Venture Partners has created and invested in over 120 companies in Israel, US and Europe. 

The second day we went a bit outside Tel Aviv to meet with Meirav Har Noy, the co-founder and managing partner of Moneta VC. Moneta is an early-stage venture capital firm that leads investments of ~$1M in Data Technology companies. The firm's main areas of interest include: Fintech, Insurtech and cyber. This VC takes a hands-on approach in assisting entrepreneurs, and it was a pleasure for us to connecting with some of the founders of their portofolio companies.

The afternoon we had meetings at Vintage VC. Vintage Investment Partners is a venture capital firm specialized in late-stage venture and secondary market investments.

On the last day of our mission, we had the opportunity to be invited by Avi Zeevi, co-founder and General Partner of Viola Ventures, one of the biggest VC firms in Israel. Viola, the Israel-based technology investment group, has launched in December 2017 a new independent VC fund targeting fintech startups from anywhere in the world. Viola FinTech, the “cross-stage venture fund” has an initial closing of $100 million but will extend that towards $120-150 million. It is backed by global banks, insurance companies and asset managers from North America, Europe, APAC and Israel, including Scotiabank, The Travelers Companies, Inc and Bank Hapoalim. We were pleased to discover their portofolio companies active in cyber security and risk management. 

If you want to get the opportunity to meet other innovative startups in Europe, we recommend you to join our new Fintech hub roadshows that we are organising in 2018.

For more information on these partners scouting mission, please contact us.

 B-Hive Scouting Mission in Israel - April 2018

B-Hive Scouting Mission in Israel - April 2018

Isabel Group and norbloc bring blockchain KYC initiative to pilot

Isabel Group and norbloc bring blockchain KYC initiative to pilot

BRUSSELS AND STOCKHOLM – March 15, 2018 – Last year, B-Hive, a European innovative collaboration platform connecting fintech startups and established financial service organizations, announced the launch of TrustHive. The initiative started with a working group with AG Insurance, Belfius, BNP Paribas Fortis, Euroclear and KBC with the endorsement of other partners of B-Hive (AXA, Baloise, Allianz, ING, SWIFT, Bank of New York Mellon, Isabel Group, MasterCard), for the creation of a blockchain platform to simplify identity management (Know Your Customer – KYC) for corporates.