Artificial Intelligence Business Incubator: Banca Sella reveals 7 finalist projects

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Banca Sella has announced the seven finalist projects of its Artificial Intelligence Business Incubator program. This initiative, launched in June, involved 72 startups from 14 countries working on AI technologies applied to the finance sector. The projects developed solutions for banking and financial processes using AI techniques such as deep learning, machine learning, generative models, and synthetic data. The incubator program was implemented by Banca Sella in collaboration with dpixel, the venture incubator of the Sella Group, and with the support of the Fintech District.

The 72 initial participants came from countries including Italy, the United States, the United Kingdom, India, Germany, Singapore, Argentina, Brazil, Israel, Ireland, Nigeria, and Poland. The panel of experts from Banca Sella, dpixel, and the Fintech District selected the seven finalists projects. Among the finalists are five Italian projects, including Dedalo AI, which provides energy optimization software, and Ellycode, which developed a platform for data analysis. Eoliann developed APIs to predict the probability and impact of natural disasters. Plino used AI to monitor management control, while WiseLoop developed an AI-powered sales assistant. The remaining two finalists are Lawpera, an Israeli company that created a web application for automating legal document analysis, and Legal-Phytia from the UK, which developed web search software for organizing legal information.

The seven finalist projects will enter a “sprint period” that includes coaching sessions, mentorship, and technical consulting. They will also be presented at the Salone dei Pagamenti in Milan in November. This event aims to recognize the projects as part of the Sella Group ecosystem.

Banca Sella is also involved in initiatives related to emerging technologies. In July 2023, the bank launched an accelerator program based on the metaverse. This program, named “Metaverse 4 Finance,” focuses on startups in the finance sector that use decentralized technologies and blockchain protocols. The goal is to accelerate the development of startups that can bring the benefits of Web3 to businesses, such as optimizing infrastructure and improving user experience.

In conclusion, Banca Sella’s Artificial Intelligence Business Incubator program has selected seven finalist projects from a pool of 72 startups. These projects aim to apply AI technologies to the finance sector, providing solutions for banking and financial processes. The finalists will receive coaching and mentorship to further develop their projects. Banca Sella is also involved in an accelerator program focused on the metaverse, with the aim of promoting startups in the finance sector that use decentralized technologies and blockchain protocols..

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