RBI launches fintech accelerator Elevator Lab

"Through the ‘Elevator Lab’ we are looking for Austrian and international
fintech start-ups, especially from Central and Eastern Europe (CEE), that
are already active in the market with their first products and services and
are additionally backed by appropriate funding. Our goal is a long-term
cooperation in order to extend our own product and services portfolio. With
our years of experience we support the start-ups to further develop their
ideas and innovations. As a cooperation partner and through pilot projects
we offer them access to our know-how and our CEE network including 16.6
million customers," Strobl explains the goal of the fintech accelerator.

"We are looking for fintech start-ups that provide solutions in the area of
SME Banking, Big Data Analytics, RegTech, Payment & Transactions, Branch of
the Future as well as Investing & Trading Tech. The shortlisted start-ups,
will have four months to further develop their concepts and ideas jointly
with RBI’s experts. The budget for this proof of concept phase will in
total be up to 200,000 euro," adds Michael Hoellerer, plenipotentiary of RBI,
who is, amongst other things, in charge of RBI Group’s digitalization
strategy.

The application period is open until 31 July 2017 through the official
website www.elevator-lab,com.

Raiffeisen Bank International AG (RBI) regards Austria, where it is a
leading corporate and investment bank, as well as Central and Eastern
Europe (CEE) as its home market. 14 markets of the region are covered by
subsidiary banks. Additionally, the Group comprises numerous other
financial service providers, for instance in the fields of leasing, asset
management, as well as M&A.

In total, more than 50,000 employees service 16.6 million customers through
2,500 business outlets, thereof a majority in CEE. RBI's shares are listed
on the Vienna Stock Exchange. The regional Raiffeisen banks own around 58.8
per cent of the shares, the remainder is in free float. Within the
Raiffeisen Banking Group (RBG), RBI is the central institute of the
regional Raiffeisen banks and other affiliated credit institutions and
renders important services in this function.