During the pitch, ORCA team has presented the Mastercard killer idea how open APIs could enable consumers to make payments directly from their phones without the need of debit cards. Having multiple payment accounts connected to an Open Banking platform like ORCA would let to do just that. Transaction flow would bypass payment fees and consist of only a few simple steps:



The user scans QR code → Open Banking App suggests cheapest payment option → Payment is made and both parties receive confirmation.

Far from rocket science, isn’t it? What is even better, system’s simplicity allows widespread applications ranging from e-commerce, utility payments and any point of sale terminals. As long as you have an internet connection, you’re good to go.

“During the hackathon we got a great deal of relevant information trying to tackle the objectives set by the organizers. Open Banking is still a present-day concept, there are only so many people who fully understand its implications. The opportunity to meet them and gain professional insights is an invaluable experience for the ORCA project. And winning the award was a cherry on top.” — N. Avidan commented after the event.

ORCA Hackathon Team receiving Best Open Banking Solution award

SEB Bank provided API environment for participant teams to build their solutions. SEB is on the lookout for entrepreneurial individuals and companies that can help create the next generation banking services, bring down fees and increase efficiency for everyday European citizens and businesses.

ORCA Alliance is taking advantage of Open Banking developments in Europe and is building a platform which allows its users to access all their financial data in a single dashboard. To make the platform more appealing for consumers, a multitude of cryptocurrency services will be available in the platform’s App Center. Thus, ORCA platform will offer the whole spectrum of modern and conventional financial services and act as a handy tool for individual finance management. A tool yet to be provided in the market.

We here at ORCA are on our way to change that. ORCA Alliance is launching public token sale on the 16th of April. All interested parties and persons are invited to join ORCA and contribute during the sale.