Plug and Play selects Raiffeisen Bank International for Global Innovation Award


On 28 January 2021, Raiffeisen Bank International (RBI) received Plug and
Play’s Global Innovation Award for its innovation efforts and active
engagement with fintechs and startups through its partnership programs.
Despite the difficult situation in 2020, RBI and its subsidiary banks have
entered multiple long-term collaborations with fintechs.

“We are very delighted to present the Global Innovation Award to Raiffeisen
Bank International. We want to honor their innovation efforts through the
Elevator Lab initiative and the high engagement with our Fintech Europe
Ecosystem from their CEE subsidiaries. We are looking forward to another
great year ahead,” said Fernando Zornig, Program Director at Plug and Play

About one year ago, RBI has announced its partnership with Plug and Play,
the largest global innovation platform headquartered in Silicon Valley. Along
with 80 other financial institutions across the world, RBI has joined Plug and
Play’s global ecosystem, leveraging the platform to support its
comprehensive digital transformation strategy in the field of fintech. With this
cooperation, RBI was able to expand its contacts within the fintech
ecosystem on a global scale. The bank has already a considerable fintech
and startup partnership network due to its Elevator Lab Partnership Program,
which is today the leading partnership program in Central and Eastern

Christian Wolf, Head of Strategic Partnerships & Ecosystems, at RBI stated, “I
am proud that our partner Plug and Play has awarded Raiffeisen Bank
International for its innovation efforts. This recognition is a great
encouragement to further pursue our innovation activities. At RBI, and
through our Elevator Lab Partnership Program, we constantly strive to improve
customer experience, and therefore innovation in cross-industry, startup and
fintech partnerships, are integral parts of our strategy.”

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