Calling all Next Generation Payments, Blockchain, Data / Credit Analytics, Mobile VAS / Mobility, Cyber Security and Biometrics and Wealth Tech innovators and disruptors, start your applications in time for the 7 January 2016 deadline!
Aiming to source six groundbreaking FinTech innovations to demo to multiple invited financial institutions (banks and insurance companies), The KPMG Fintech Innovation Challenge winners will be announced at the FinTech Innovation Summit in London, the second annual summit arranged by Matchi to promote collaboration and innovation between both FinTech firms and financial institutions. This past August, the global consulting group partnered with Matchi, a FinTech matchmaking platform that pairs banks, insurance companies with FinTech startups.
Confirmed summit participants include Caixa Bank (Spain), Bank Hapoalim (Israel), Rabobank (Holland), Nationwide (UK), Westpac (Australia) and Liberty Group (South Africa). Key focus areas across the invited financial institutions are collated into six FinTech themes forming the following entry categories for the challenge (mentioned above): Next Generation Payments, Blockchain, Data / Credit Analytics, Mobile VAS / Mobility, Cyber Security and Biometrics and Wealth Tech.
According to KPMG, all entries will be validated and individually scored against set criteria, including: Novelty/Innovativeness, Ease of Implementation, Potential Impact (revenue, cost or efficiency) and Overall Impression. The highest ranking innovations in each of the six themes will be judged by a panel including Matchi and KPMG teams, and from these one winner will be chosen in each category/ theme. Winning entries will demo their solutions to FinTech Innovation Summit banks and insurance companies on 11 February 2016, ” a great opportunity to showcase your fintech innovation to the right people from multiple banks at the same time.” Will one or more of 2016’s winners be featured in next year’s Forbes Fintech 50 or Fintech Innovators Fintech 100?
