Oracle chooses Brussels for European fintech innovation programme

Oracle says it plans to dedicate additional European Staff and resources to develop “mutually monetizable relationships” with fintech and digital banking innovators.

Rik De Deyn, senior innovation director at Oracle, said: “At Oracle, we realise that in Europe, results-driven digital innovation is thriving because of the historical roots of banking. We are choosing Brussels as our fintech centre for mainland Europe because of its excellent location.”

>See also: Oracle makes moves on open banking and blockchain

“Brussels is easy to reach from most European financial hubs, close to the European Commission, and an ideal location to bring together fintech innovators and financial institutions.”

“Our work with B-Hive Europe will inevitably result in a faster time to innovation value for banks and insurers, and accelerated monetisation for fintechs.”

Johan Van Overtveldt, Belgium’s Minister of Finance, said: “I wholeheartedly support the decision of Oracle to organise their European rollout from Brussels. Oracle is a global, reliable, technology company and B-Hive Europe is an important public and private sector collaboration.”

“I expect this relationship to create real momentum in the acceleration of financial innovation in Belgium and Europe. It further strengthens Brussels as a pan-European hub for fintech and thus contributes to our strategy to focus on attracting niche financial activities, such as fintech, insurance and market infrastructures.”

>See also: What is fintech? And how is it changing the financial services industry?

B-Hive Europe is fintech platform which aims to build bridges to the start-up and scale-up community.

Fabian Vandenreydt, Executive Chairman, B-Hive Europe, said: “With Oracle, we share a focus on accelerated productisation and monetisation of fintech innovation for the benefits of the full ecosystem. As our strategic cloud infrastructure collaborator, we welcome Oracle’s expertise to help our start-up and scale-up community reach higher levels of enterprise readiness, security and scalability. And this will benefit our bank, insurance and market infrastructure partners in the short term.”

>See also: Starting a fintech company

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Andrew Ross

As a reporter with Information Age, Andrew Ross writes articles for technology leaders; helping them manage business critical issues both for today and in the future

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