The digital journey of Arion Bank

Telling a good story on successful business measures is gratifying. Arion Bank has compiled detailed information on how it went about creating its internal accelerator, Digital Future, and presenting real impact of delivering new digital offerings. Investing in internal and external innovation has become part the Bank‘s genome. Continue reading

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Umbreytingaskeið framundan í íslenskum orkuiðnaði

Orku­iðn­aður á Íslandi er á svip­uðum stað í dag og sjáv­ar­út­veg­ur­inn var í kringum inn­leið­ingu kvóta­kerf­is­ins. Aðgangur að orku­auð­lind­inni er tak­mark­aður og útfluttar orku­af­urðir eru fyrst og fremst hrá­vara í formi áls. Continue reading

Arion Bank’s FinTech Party – Hackathon

Arion Bank is the first bank in Iceland to host a hackathon. Arion Bank’s FinTech Party is the first hackathon where hackers from  established IT companies, the startup community or universities can work on several APIs to hack and develop new financial services. Continue reading

Kaptio secures 325 ISKM in funding from investors

Kaptio, whose team participated in Startup Reykjavik 2012, has secured 325 ISKM (2.6 USDM) from Frumtak and Capital A Partners. Frumtak and Capital A Partners are new investors, but NSA Ventures and Kaskur, previous investors, also participate in the round. Arion Bank, through Startup Reykjavik Invest, is still a shareholder in Kaptio. Continue reading

Accelerators benefit companies most that have already solved the fit-to-market problem

When encouraging people to apply to an accelerator like Startup Reykjavik to individuals I meet here in Iceland, there are generally speaking two types of dialogues I engage in. First, they are with those who have an idea of a particular business and are ready to make the jump to the real world with it, i.e. start a company around the idea. Second, there are those who have been working on the idea, and either have incorporated or are about to. Continue reading

Startup Reykjavik is an opportunity for FinTech companies

The FinTech wave

FinTech companies, i.e. companies built around financial technology, are being founded around the globe. Only few of them are in Iceland. I can mention Aur, Kass, Netgíró, Invector, Meniga, Kóði, Faktoria as examples in addition to the commercial banks. There are most certainly more local companies. Continue reading

FinTech partý (hackathon) Arion banka

Ég hef rætt áður um uppgang FinTech fyrirtækja og reynt að bregða upp mynd hvað fjármálafyrirtæki eiga að gera til að bregðast við þeim ógnunum og tækifærum sem snjallar fjármálalausnir ungra fyrirtækja hafa.

Arion banki í fararbroddi nýsköpunar í fjármálatækni

Við í Arion banka skiljum að bankar geta ekki barist á móti kröftum í samfélagi, hvort heldur út frá þörfum neytenda eða tæknilegri framþróun. Eina leiðin er að vinna með umhverfinu. Continue reading

Florealis secures its second seed round financing

Florealis, a Startup Reykjavik company from the 2013 cohort, has secured its second round of seed financing of ISK 50 million (USD 395,000). The investor group behind the investment consists of experts from the pharmaceutical industry and angel investors. Previously, Florealis had secured another ISK 50 million in its first seed round.
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