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Digital Bank LatAm seeks innovative solutions for startups throughout the region

The following is an article from PulsoSocial that has been translated from Spanish to English. The original article, posted on January 29, 2014, can be read here.

The banking and finance sector of Latin America knows well the potential that start-ups have as a source of innovation in terms of New Digital Banking. Therefore, everyday we see more initiatives in the region that aim to integrate innovative start-up solutions with traditional banking.

Here we discuss Digital Bank LATAM, a banking innovation meet-up in Latin America organized by eBanking News, which touched down for the first time last year in Santiago, Chile, in which 23 startups presented their banking solutions. This year, Digital Bank LATAM 2014 will land in Bogota on May 14 2014, with the aim of revolutionizing the banking sector of Columbia.

The innovation meet-up is inviting all Colombian and Latin American startups to enroll their solutions in the Digital Bank Innovation Demo Day, a competition of new technologies centered around 7-minute presentations, without PowerPoint or video. From the initiative’s web site, they make clear the spirit of the entrepreneurs they are seeking:

“This event is a call to everyone that want to build a new Bank. If you have a startup with any solution that aims to innovate the banking sector, Digital Bank invites you to be part of this revolution.”

The winners of DigitalBank Latam 2013 were Transaxion with their solution “Clear Accounts 2.0” and Let’sTalk with their solution of “Banking Communication”. Whereas the first is a tool for managing personal finances which functions automatically and intuitively to help bank clients manage their money; the second is a web and mobile instant messaging application that permits banks to connect with their customers, allowing them to chat.

It is worth mentioning similar initiatives in the region such as Next Bank Latam, an international conference covering applied innovation in financial services in Latin America, which took place in Bogotá last November. In its startup competition, Innotribe Startup Disrupt, more than 50 startups from 11 Latin American countries competed, and the winner was Intoo (Brazil), the first and only online platform that helps businesses to obtain financing in a simple, easy, and safe way.

You have until April 30 to register your solution. Check the Rules of the Competition.

*Feature photo from PulsoSocial