mAccelerator is a fund that belongs to mBank, Poland’s leading innovative bank. The fund invests in young, promising companies, accelerating growth by providing access to smart money and access to team of experts in banking and all branches of the financial sectors. Lately, mAccelerator invested in Digital Teammates – a startup which builds software helping large companies automate their mundane, everyday tasks.
The software that Digital Teammates creates is actually a replacement for a human employee. It can make easy tasks (as data analyzing, etc.) done automatically. As this software does not get tired, it makes (on average) fewer mistakes that human employees. Their RPA (Robotic Process Automation) technology doesn’t require making any changes in the IT system, which means that the software can be immediately introduced in any company.
Implementing this solution has an additional benefit: it increases the efficiency of other employees, allowing them to focus on tasks where they are, and will be, irreplaceable. Instead of dealing with repeatable chores, they can fully devote their work time to making decisions and taking care of their customers.
According to the mAccelerator’s principles, Digital Teammates are currently implementing their solution in mBank. First four robots are scrupulously performing everyday, mundane tasks. The startup is already anticipating high demand for its services in the future, as it has currently no competition on the Polish market. Banking, insurance and shared service centers will surely make use of this technology. This is why Digital Teammates is now actively looking for new team members.
mAccelerator is the first fund in Central and Eastern Europe to develop and commercialize cutting-edge technologies. The fund will invest 50 million EUR in startups that will eventually become partners for financial institutions around the world.
mBank is a supreme partner of Impact fintech ’17. During the congress, Cezary Stypulkowski will share his insight on the revolution in banking during the panel discussion “And now we rocket to the year 2030: banks – do we still need them?”