On 28th May, Capgemini and Efma introduced the winners of this 12 months’s Monetary NewTech Problem 2020. We take a better have a look at the problem and the winners.
The competitors goals to establish essentially the most inspiring collaborative tasks between NewTechs and monetary establishments and to recognise essentially the most progressive monetary NewTechs. The problem is hosted on the FinTechVisor portal, a world platform that permits resolution showcasing from FinTechs, InsurTechs, RegTechs, DataTechs. Over 1,300 StartUp and ScaleUp NewTechs are registered on the platform.
“We’ve seen applied innovation and effective collaboration at its highest level during this year’s Financial NewTech Challenge. NewTechs are no longer disrupting the industry but are now full-fledged industry participants as shown by the degree of collaboration at scale that is occurring. This effective collaboration mindset is yielding innovation that is shaping what the industry of the future will look like as we achieve hyper-personalized customer experience, which is highly demanded by customers especially in these unprecedented times.”
– Elias Ghanem, Vice President and International Head of Market Intelligence for Capgemini’s Monetary Companies
A complete of 164 submissions had been obtained from around the globe and greater than 2,700 votes had been solid ensuing within the following winners of The Monetary NewTech Problem 2020:
MoEngage Inc (USA) & Mashreq Neo (UAE) within the Monetary NewTech Collaboration Class for ‘Sherpa,’ an clever buyer engagement platform that permits Mashreq to grasp buyer behaviour down to every distinctive person and make proactive selections with straight-through processing, decreased guide intervention and enhanced AI capabilities.
Futurae Applied sciences AG (Switzerland) within the Retail Banking, StartUp Class for his or her seamless and safe multi-factor authentication and transaction affirmation course of for end-users and organisations through machine studying and sensor sign know-how.
Flaminem (France) within the Retail Banking, ScaleUp Class for his or her progressive cloud-based Know Your Buyer (KYC) resolution that acts as a single-window for digitising the complete KYC diligence course of, from its creation to its archival with an audit path.
Xaalys (France) within the Funds, StartUp Class for his or her SAAS resolution which affords each personalised digital banking providers in addition to monetary schooling content material aimed on the teenage market.
viafintech (Germany) within the Funds, ScaleUp Class for his or her pan-European transaction platform that shortens the cash cycle for each shoppers and companies whereas offering varied providers by way of barcodes akin to invoice cost, cash switch and so on.
Monuma (France) within the Wealth Administration, Funding & Capital Markets, Startup Class for ‘Blockchain Mobility,’ the primary world blockchain software devoted to certifying and transporting items securely in only one click on.
Raisin (Germany) within the Wealth Administration, Funding & Capital Markets, Scaleup Class for his or her market that gives companion banks with seamless, versatile entry to wider European deposit markets, and helps distribution companions broaden their product portfolio.
“Since its launch in May 2018, the FinTechVisor portal has become the home of a strong community of innovative FinTech organisations. FinTechVisor’s Financial NewTech Challenge builds on this, providing a platform for FinTechs to showcase the strength of their propositions and benchmark them against those of their peers, while underlying the impact that efficient collaboration between FinTechs and institutions will have on the future of financial services.”
– John Berry, CEO of Efma