RBI’s Elevator Lab distinguished as one of the ‘Best Financial Innovation Labs’


Fintech Partnership program included among best bank-sponsored labs of 2021 by Global  Finance  

Innovation is crucial, especially in tumultuous times like these. Raiffeisen Bank International  (RBI) knows this very well – proof of that is Elevator Lab, the largest fintech and startup partnership in Central and Eastern Europe (CEE), powered by RBI. This year, among a record number of submissions, the Elevator Lab made it to Global Finance’s final list. This marks the second year Elevator Lab has been recognized with this award. Moreover, Elevator Lab has won the Plug and Play Innovation Award this year. 

Unique Program structure 

Elevator Lab Partnership Program is a four-month structured accelerator and onboarding program for later-stage global startups. Its main purpose is to establish long-term partnerships between RBI and fintech startups, as those who are selected for the program  get the chance to scale their business across the CEE region. In 2020, Elevator Lab  Partnership Program organized three tracks together with RBI subsidiary banks: “Advanced  Analytics and Loyalty Solutions” co-hosted by Raiffeisen Bank in Romania and  Raiffeisenbank (Bulgaria), “Value added Services for Large Corporates” with RBI Head Office,  and “Bank as a Platform” with Slovak Tatra banka. 

In addition to the Partnership Program for later-stage fintech startups, Elevator Lab also  organizes a Regional Challenge for local and regional later-stage fintech startups, as well  as Bootcamps for local early-stage startups. 

“It is a great honor to be selected by Global Finance as one of the Best Innovation Labs of  2021. In the last four years, RBI’s Elevator Lab has already helped create over ten long-term  partnerships between our banking group and CEE fintech startups, and we want to  continue looking for innovative solutions to jointly develop tomorrow’s banking business  and find innovative ways to improve our customers’ experience,” said Christian Wolf, Head  of Strategic Partnerships & Ecosystems at RBI.  

Tatra banka was separately recognized for its efforts in hosting the Elevator Lab  Partnership Program and has also made it on the list of best Bank-Sponsored Labs of 2021.

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