Diebold Nixdorf Initiates Crowdstorming Effort to Help Shape Next-Generation Financial Services

by PaymentsJournal 0

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Initiative aims to tap the minds of creative professionals outside the financial sector; using collaborative innovation to help drive solutions in connected commerce

NORTH CANTON, Ohio, USA and PADERBORN, Germany – Diebold Nixdorf has launched an innovative crowdstorming program to help create radically new consumer services for financial institutions that want to shift the paradigm in an increasingly digital environment and reshape how they might interact with customers 10 years from now and beyond.

The online brainstorming initiative, called “Rethinking services and consumer touchpoints in the financial industry,” will tap into the global pool of more than 80,000 creative professionals organized on the jovoto online crowdstorming platform.

With this groundbreaking initiative, Diebold Nixdorf welcomes unique, original ideas from groups outside the industry, in an unrivaled effort to help banks create innovative ways to bridge the gap between the digital and physical worlds and to engage seamlessly with their customers leveraging new and emerging technologies.

Jovoto is a community-building, collaborative model that establishes a virtual link between skilled, entrepreneurial-minded professionals and enterprises from nearly all sectors seeking leading-edge solutions.

“At Diebold Nixdorf, we wake up every day thinking about innovation and developing new solutions for our customers. In the spirit of collaborative innovation, we welcome ideas from inside and outside Diebold Nixdorf and invite creative thinkers around the world to share visions for the future of this industry,” said Andy W. Mattes, chief executive officer, Diebold Nixdorf. “Together with the jovoto community, we are seeking groundbreaking concepts that rethink consumer touchpoints at a time when basic financial transactions are becoming increasingly commoditized and technologies like virtual reality will become commonplace. This approach gives us the opportunity to strengthen our pursuit of the most groundbreaking financial services for consumers.”

Diebold Nixdorf is asking the creatives to “think outside the box” and conceive new-age financial services that redefine the interaction between customers and financial institutions and go beyond the classical ones being offered today. Such services are becoming essential, as digital applications are decreasing personal touch points and new, non-traditional companies are entering the financial industry virtually every day competing for banking customers.

An international jury, consisting of experts from Capital One, BBVA and Commonwealth Bank of Australia as well as a number of fintech companies such as FinTechCity, finovent and Gruenderszene will select the top ideas. In addition to money awards, selected contestants will have the opportunity to present their ideas to the company. The winning ideas of the first phase of the contest will be announced at a webinar on November 15, which will also provide additional information about each applicant.