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2019 Financial Innovation Program (PIF) | Project Selection

August 23, 2019. We are presenting here the ten 10 projects selected for the 2019 PIF enhancement stage. From now on, candidates will have the chance of meeting and speaking with BCRA and CNV specialists who will cooperate to generate ideas. This way, they will be ready to compete in a pitch event and participate in the prize awarding ceremony, which will be held by the end of this year.

BCRA and CNV teams were in charge of the selection process and analyzed more than 70 projects aimed at creating a more accessible financial system and capital market.

IntegrAR:A platform that allows individuals, entrepreneurs and companies to upload their profiles and then send a request for a product or financial service to the market. Providers may receive this request and assess the client through the web or app. Topic: Businesses Other than Banks.

BANCAR Open Banking: It establishes a standard of communication among banks, the BCRA and developers in order to design apps focused on financial services, bank collection and bank information access. Topic: Businesses Other than Banks.

SKERE: A learning and savings tool for children to acquire the habit of saving through a mobile phone app, which revisits old-fashioned passbooks. Topic: Financial Education.

Women in the race: An online learning platform intended to bring women and girls closer to financial and economic matters. Learning modules are based on the theoretical framework of micro learning philosophy as well as quick, effective and straightforward access to content. Topic: Financial Education.

Invera: A platform that provides low-cost automated advisory services for retail investors for the first time. Topic: Market Infrastructure.

Starkus: A platform that allows sports clubs to draw on their members to get their projects off the ground by issuing stablecoins. Topic: Market Infrastructure.

Wibond: Corporate electronic wallets that allow companies to save administrative and financing fees. Topic: Market Infrastructure.

JOTA: Adjusted viewing and layout of online banking platforms that enable users/clients to do their financial planning by "sorting out" expenses in files and subfiles. Topic: Mobile & Online Banking.

LA POM: A platform that allows bank clients to move their financial products to any other institution in no more than 72 hours, thus fostering competition and the development of new financial services. Topic: Mobile & Online Banking.

Digiventures: Marketplace for financial services. A platform that provides onboarding and scoring services to financial institutions at competitive cost. In addition, it provides financial education for users. Topic: Digital Validation.

Through the 2019 Financial Innovation Program, the BCRA and the CNV promote financial inclusion by means of high quality projects and stimulating ideas that foster cooperative work between the public and private sectors. The three winning projects will receive an economic stimulus: First prize: ARS125,000, second prize: ARS90,000 and third prize: ARS55,000.

The projects submitted had to belong to one or more of the following lines of work:

Businesses Other than Banks | Development of services offered by businesses other than banks using technology.

Mobile & Online Banking | Improvement of users’ experience in mobile and online banking through technology.

Digital Validation | Biometric identification to validate bank and capital market transactions.

Financial Education | Technology to develop interactive contents in order to bring people close to such financial concepts as bank and capital market issues.

Regtech | Technology to comply with the regulations issued by the BCRA and the CNV.

Market Infrastructure | Technology to achieve a more efficient financial system and/or capital market infrastructure.

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