About

obko is a data-driven application, which integrates a user’s entire financial life and behaviour to scale up premium financial services to the mass market, services that currently only affluent banking customers enjoy. obko introduces a revolutionary suite of services through automation and AI, including a Personal Assistant, a Financial Coach and a Relationship Manager, to simplify the users’ daily financial tasks, optimize spending and savings habits and receive meaningful and personalized financial guidance.

Solution & Product

The obko mobile app: - Will help users automate all mundane banking tasks like payments, transfers and managing their monthly liquidity. - Coach users to increase their savings, rationalize their spending and find better providers in order to save up on their recurring family budget (such as energy, telephone providers etc). - Help users optimize their banking portfolio and maximize their long-term ROI on their money. AI and data algorithms are at the heart of obko.

Innovation & Scalability

The obko ecosystem is inherently innovative since it utilizes advanced Machine Learning and AI algorithms to analyze the user’s financial and transactional behavior, and to leverage the insights, always for the user’s benefit. Obko’s algorithms make real sense of the user’s data by understanding the context in which these transactions have taken place. For example, an unusual spike in the spending behavior of a user is probably expected during the period of his birthday and would not be flagged as a “warning” sign. Additionally, obko’s business model is innovative since it aims at driving revenue, not from its users but by obko’s B2B partners who will provide highly personalized offers to obko’s users. These offers will work in context with the user’s needs and will always be to his benefit. obko has drafted a detailed 7-year plan for expansion in the eurozone, starting with Greece as the base market. Using the PSD2 European framework obko will grow seamlessly to other European markets. Additionally, obko will scale up fast since the underlying technology infrastructure as well as the proprietary AI algorithms are more or less country agnostic.

Traction & achievements

1. Through considerable bootstrapping investment for development, design, and UX, we have built a fully functional product, based entirely on an industry-grade eBanking platform, already used by several banks worldwide. 2. We have submitted a AISP/PISP licensing application to the Bank of Greece. 3. We have established a collaboration with the National Center for Scientific Research (Demokritos) and are in the process of implementation of our first A.I. Algorithms which will power the obko AI context extraction and recommendation engine. 4. We have extensively validated the usability, functionality and value proposition of the B2C application, via usability research and user testing. 5. We have already engaged in active presales B2B activities with reputable organizations such as telcos, insurance companies, energy providers, during which we have received a very strong interest for collaboration with obko. 6. We have won the 8th Envolve Award Greece (2021 competition) https://greece.envolveglobal.org/finalists/obko/

Team & Why Us

obko team consists of highly experienced professionals with more than 80 years of cumulative working experience in hands-on and managerial positions, proven track record of founding & running successful companies with multinational reach. Giorgos Gavriil: 15+ Years of experience in the Digital Banking sector, incl. “Head of Digital and Innovation” at Praxia Bank. High expertise in e-banking & mobile banking channels design and management, loyalty programs, and leadership & guidance of digital teams. Vasilis Linakis: 15+ Years of experience in Digital Strategy & Consulting Sector. Founder & CEO of Linakis Digital, an international digital agency with branded deliverable projects in Saudi Arabia, Central BoG, Piraeus Bank, Eurobank, Alpha Bank etc. Nikos Konstantinidis: 25+ Years of experience in IT, Banking & Digital Banking (IBM, Metavante USA, Millenium Bank). Founder & CEO of Advantage FSE, a leading supplier of Digital banking s/w with projects in Greece, Australia, EU, Mexico etc. obko’s value proposition is appealing to the whole spectrum of active digital banking users, ranging from savvy and affluent customers who are currently underserved in terms of experience to people with limited financial literacy, who are inhibited by the complexity of today’s banking.

Funding Needs

Please contact us for further details regarding the funding needs of our company.