Ukrainian bank to present two Fintech projects in Silicon Valley

In February 2020, Ukrainian Concord bank will present two of its products – ProCard and ConcordPay – in Silicon Valley. Chairman of the Board of Concord Bank Yuriy Zadoya informed the Interfax-Ukraine agency about preparations for the event. According to him, the presentation of the two products will take place within the framework of the world’s largest startup event Startup Grind Global-2020.

Get comprehensive access to global Fintech, business, stock market, finance news, and trending topics like Bitcoin and cryptocurrency with the Born2Invest companion app.

Cooperation in Fintech field

“At Startup Grind Global-2020 we are not looking for investments, but for new international partners to develop cooperation in the field of Fintech. That is why we take part in this conference as a partner of the event organizers – Startup Grind, not as applicants. We have excellent, working products – our own processing center ProCard and payment service ConcordPay, which we will present during Startup Grind Global-2020. With technology becoming more important than money, we are interested in developing partnerships with large companies. Moreover, we have experience of good cooperation both with the world payment systems VISA, MasterCard, and the largest PSP companies,” commented Yuri Zadoya.

The bank believes that Ukrainian Fintech has something to offer to the world leaders of the industry and its a chance to participate in different formats in events held in Silicon Valley.

Concord Bank as a regular IT holder

Concord Bank team regularly holds events and meetings for the Ukrainian IT community. In particular, in November, a teleconference organized by the bank was held for participants of the ITEM industry conference, during which Ukrainian participants communicated with representatives of Silicon Valley Nikita Safronenko (Co-founder & COO Unicorn Lab) and Sergey Sema (Software Engineer at Google). Following their stay in Silicon Valley at Startup Grind in February, the bank team promises to share news and observations.

Startup Grind is the world’s largest independent start-up community bringing together more than 2 million entrepreneurs and is developing startup ecosystems in more than 125 countries, including through partnerships with organizations such as Google for Startups.

Startup Grind Global 2020 is the most important event for start-ups, technology leaders and major brands at the forefront of innovation. Each year, the event gathers 10,000 people in Silicon Valley who spend two days continuously learning, communicating and looking for partners to develop their startups and find investment targets through hundreds of sessions, networking, and other social events. In 2020, the conference will be held on February 11-12.

ConcordPay is a payment service developed by Concord bank taking into account the needs of online business owners, and designed to maximize the convenience of making payments through the site. Concord Rau provides an opportunity for customers on the site to pay for their purchases using classic VISA or MasterCard, Apple Pay or MasterPass, including FaceID or TouchID, through invoicing and even through regular monthly payments.

ProCard – the most innovative Fintech in Ukraine

ProCard – is  Concord bank’s own processing center, recently launched, making it one of the most modern and innovative in Ukraine. It is the first processing center in all Europe and CIS countries, which together with international payment systems has developed and implemented a modern and more reliable level 2.0 protocol.

Concord bank is developing as a technology bank. Since 2015, the bank has created and offered the market a number of iconic products and was the first among small and medium-sized banks in Ukraine to receive principal membership of MasterCard and Visa International.

On December 20, the Ministry of Digital Infrastructure of Ukraine announced the results of a competition to select Ukrainian technology start-ups, which was held jointly with Startup Grind Kyiv (official representative of Startup Grind) with the support of the U.S. Agency for International Development (USAID) program “Competitive Economy of Ukraine. As a result of the contest, 15 startups were selected to represent Ukraine at the 10th Startup Grind Global 2020 Entrepreneurs and Investors Conference in Silicon Valley.

__

(Featured image by StartupStockPhotos via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in интерфакс-УКРАИНА, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.