Winners of the Financial NewTech Challenge 2020 announced
On 28th May, Capgemini and Efma announced the winners of this year’s Financial NewTech Challenge. We take a closer look at the challenge and the winners.
On 28th May, Capgemini and Efma announced the winners of this year’s Financial NewTech Challenge. We take a closer look at the challenge and the winners.
The competition aims to identify the most inspiring collaborative projects between NewTechs and financial institutions and to recognise the most innovative financial NewTechs. The challenge is hosted on the FinTechVisor portal, a global platform that enables solution 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 Global Head of Market Intelligence for Capgemini’s Financial Services
A total of 164 submissions were received from around the world and more than 2,700 votes were cast resulting in the following winners of The Financial NewTech Challenge 2020:
“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