Future Impact Builder is a digital finance innovation program, aiming to co-create new sustainable services together with the partnering companies and external innovators, such as technology companies and fintechs.
The theme of the program is sustainability, and with the partnership of bank and wealth manager Aktia, financial IT and communication provider PostNord Strålfors and pension insurer Veritas, it focuses on wealth management, wellbeing at work, and corporate commerce & finance. As it is an open innovation program, the door has been left agape for other relevant ideas as well.
Unlike many similar programs, Future Impact Builder’s aim is not to announce a winner in a fancy ceremony, but to get new innovations really into production.
The companies behind the initiative, Fintech Farm and Enfuce, are both experienced with fintech development and innovation programs. Too often these types of programs end up being promotion campaigns rather than creating feasible business cases and products. This time things are done differently. There will be no awards, only hard work with the goal to get new solutions out into the open.
New services for entrepreneurs to manage social security and financials
The financial technology service provider Enfuce has a crucial role here, facilitating collaboration and tackling the problems in technology and compliance matters, which frequently are the deal breakers for collaborating.
“Technology is also in the scope of pension insurers. We want to build new services to give entrepreneurs and small businesses clarity and support in managing their social security and financials. We have also gathered extensive sets of data related to work disability, and want to challenge the data engineers and machine learning experts, to see how that could be utilized. The social impact of disability prevention is massive,” tells Mika Paananen, Chief Customer Officer of Veritas.
The program is mainly targeted at Northern European tech companies, fintechs, and other innovators. It consists of 4 stages:
- The searching and matchmaking period, that lasts until mid-March
- Two-month iteration period to develop and validate the solutions together with the program partners
- Selections and negotiations to agree on how to proceed with the solutions
- Implementation, if suitable solutions are found
Read more and apply to the program over here.
Fintech Farm is a financial technology hub and a digital finance service company connecting banks and fintech companies. Fintech Farm provides innovation, consulting, acceleration, matchmaking, and training services for the financial industry. Fintech Farm Ltd. is privately held and has built a vibrant community of 100 financial industry organizations within the last 4 years.