A+ A A-

Please review these official rules before entering a matchi.biz innovation challenge competition. By entering the matchi innovation challenge competition you acknowledge that you have read and agree to the matchi.biz terms and conditions of use and privacy policy.

SECTION A - GENERAL TERMS FOR INNOVATION CHALLENGES / COMPETITIONS

Sponsor: Matchi.biz Innovation Challenge (the "Competition") is an on-line competition based on innovation, ability and knowledge components that is sponsored by one or more sponsors and co-sponsors, who have a connection with the Matchi.biz service and website, https://matchi.biz, (the "Sponsor Site"). The Competition is governed by these Official Rules ("The Rules"). For any questions regarding the Competition, the Sponsor Site may be contacted by email at or by mail at the address identified in Section B ("Winner's List; Mailing List") below.

Object of the Competition: The object of Innovation Challenge is to come up with innovative solutions based on a chosen theme that meets the judging criteria (as described in Section A.8 ["Judging"] below) and are submitted in accordance with the format, content and other requirements identified in Section A.5 ("How to Enter") below. All currency value references in these Official Rules are as indicated.

Eligibility: Competitions are open only to natural persons or legal entities (e.g. companies) who, at the time of entry, are registered members of the site, and they must consent to be bound by these Rules before they submit an entry. No purchase or payment, including choosing to purchase any paid membership to the Sponsor Site, will improve your chances of winning in any way.

Deadline. The Competition begins at 00:01 a.m. GMT on the competition's stated start date (the "Start Date"). Entries for the Competition must be received by the Sponsor Site by no later than 11:59 p.m. GMT on the competition's stated closing date (the "Deadline").

How to Enter. There are two ways to enter an Competition, as described below. Either way, all entries must comply with the entry requirements identified in these Rules (including in this Section and in Section B below), as well as with any specific formatting or content requirements identified above or on the "How to Enter" page for the Competition on the Matchi Site. It is each entrant's responsibility to ensure compliance with those requirements. The ways toenter are as follows:

Entry with a New innovation. To enter a new innovation in the Competition, follow these steps:

  • First document your innovation in the MATCHi.biz format, and include an optional image(s) and or video that describes your innovation. Details regarding how to document your entry are available on the "How to Enter" section for the Competition located on the Sponsor Site.
  • When your innovation is ready to be published to the Matchi Site, visit the Matchi.biz Site and follow the instructions for publishing your project to the Site. You must be a registered member of the Matchi Site in order to publish an innovation to the Matchi Site. If you are not already a registered member of the Matchi Site, you will be prompted to create an account on the Matchi Site during the publication process. Please note: in some jurisdictions, the publication of your project on the Matchi Site could materially affect rights (e.g., adversely affect patent and design rights) that you may own in the project. You should make your own inquiries and seek your own (business and/or legal) advice on this issue.
  • When you publish your innovation to the Matchi Site, you will be given the option to enter any open Innovation Challenges / Competitions. If you have reviewed the entry requirements for the Competition, believe your project qualifies for entry, and want to enter it in the Competition, check the box for the Competition and click Publish My Innovation.

You may not enter the same MATCHi.biz innovation in more than three (3) MATCHi.biz Innovation Challenges in total. Further information about entry can be found in Section B below.

Entry with Previously Published innovation. If you published an innovation to the Matchi Site after the Start Date, but you did not already enter that innovation in the Competition, you can enter it in the Competition by following these steps:

  • Go to the "Innovation Challenge" page for the Competition and review the requirements for entering your innovation in the Competition. View the innovations that you have published. If you believe that one of the your innovation meets the entry requirements for the Competition and want to enter it, go to the Challenge section, and select the challenges you want to enter, and when asked to submit your innovation for the challenge, choose your existing innovation from the list of you innovations already published on the Matchi site. Innovations published on Matchi prior to the Start Date are still eligible for entry. You may not register the same innovation in more than three (3) competitions in total.

Winner Selection. There will be 1 or more First Prize winners for the Competition. The winners will be selected by an adjuciation process commencing after the competition's end date, and the winner(s) will announce in line with the timelines set for each specific Competition. The winner(s) will be awarded only the prize for which that winner was selected, as described below.

Where Prizes are awarded in USD (US Dollars). Any awarded prizes will be provided to a winner only after the winner has signed a Winner's Declaration and Release. Sponsor's current Winner's Declaration and Release for the Competition may be obtained upon request by contacting Sponsor by email at or by mail at the address identified in Section B ("Winner's List; Mailing List") below. The winner(s) will be solely responsible for complying with any and all applicable federal, state, provincial, local or other statutes, laws (including, without limitation, common law, if applicable), rules and regulations relating to the prizes and for bearing any personal income, VAT, withholding taxes, customs duties, or other taxes, fees, insurance, surcharges or other costs relating to receiving, claiming or collecting any prize. For entrants subject to tax obligations under the People's Republic of China, the winner shall be responsible for reporting his or her individual income tax generated from the prize to relevant Chinese tax authorities on his or her own and shall then submit the Sponsor a tax payment proof showing the tax is fully paid. If the winner fails to submit the afore-mentioned proof within a reasonable period of time as required by the Sponsor, the Sponsor reserves the right to disqualify the winner from entitlement to the prize. All prizes that are items or services which are subject to third party terms and conditions or restrictions, acceptance and use of the prizes are subject to all eligibility criteria, expiration dates, service or dormancy fees, and all other terms and conditions (if any) imposed by the issuer of such items or services, which are available on the Prizes Page for the Competition. Please be aware that Competition prizes may not be usable or function properly in certain countries and Sponsor has no knowledge relating to the use or functionality of such prizes in those countries. Use or operation of prizes in certain countries may require additional parts, components or adapters, and Sponsor has no knowledge of any such requirements or any responsibility for obtaining any such parts, components or adapters. In addition, certain countries may prohibit the use or operation of the prizes, in whole or in part, and Sponsor has no knowledge regarding, and shall have no responsibility for determining, whether the winner(s) are permitted to operate or use the prizes in any particular country.

Prizes other than monetary awards may be defined by the Sponsor(s), including but not limited to, opportunities to present and work with other companies and/or banks. Specific prizes to be defined for each Innovation Challenge or Competition.

Judging. All entries that are in compliance with all terms and conditions of these Rules will be judged on the basis of the following criteria (the "Criteria"):

  • Originality and Novelty: Originality and Novelty of the solution?
  • Applicability: How well the response solves the challenge?
  • Deliverability  Capabilities: Innovator’s current delivery capability, past track record , future stability
  • Realizability of implementation: Practical realizability of the solution (costs, skills, technologies, time lines)
  • Technology Choices: How optimal and appropriate is the use of technologies? Do the technologies used in the innovation form a coherent, scalable and supportable technology stack? Are the technologies aligned with those of the bank's? How many integration points are there?
  • Value for Money: How good is the value to the business for what this innovation potentially would cost to implement?
  •  

Matchi and the Sponsor of the Innovation Challenges will establish a panel of at least four (4) individuals (each, a "Judge"). Two Judges from Sponsor's MATCHi.biz staff will choose at least 20 finalists from the pool of all eligible entries based on their preliminary assessment of whether the entries meet the Criteria. Finalists will be judged by the full panel of Judges. In choosing the winner(s), the Judges will judge each finalist on the Criteria and the Judging Process as described in Section B below. The number of votes each entry receives on the sponsor site is not one of the criteria used by judges to select the winner(s). the decisions of sponsor and the judges will be final. Sponsor will not correspond with entrants about the decisions of the judges or the determination of the winners other than as expressly provided in the rules. Further information on the steps and process of voting and judging can be found in Section B below.

Size of Entry Pool. Winning entries will be selected by the Judges in accordance with the Criteria as described in these Rules. The chances of any entry winning a prize depends on the number of eligible entries received between the Start Date and the Deadline and the quality of that entry as compared to the other eligible entries, as evaluated by the Judges in the manner described above. Sponsor does not know in advance the number of eligible entries that will be received. The number of entries received, and the number of winners chosen, in prior competitions of Sponsor, including the three (3) most recently completed competitions, can be found through the "Competitions" page of the Sponsor Site.

SECTION B - ADDITIONAL TERMS FOR COMPETITIONS

General Conditions. By entering a Competition, each entrant agrees to abide by the terms of these Rules and by the decisions of Sponsor and the Judges, which shall be made in all cases in their sole and absolute discretion and are final and binding on all matters relating to the Competition. These Rules are a legally binding contract, with equivalent effect to a private contract between each entrant and Sponsor. The Competition is void where prohibited by law The Competition is governed by Sponsor's Terms and Conditions of Use and Privacy Policy and other policies (collectively, the "Policies") pertaining to the Sponsor Site, although the Rules will govern any conflict between the Rules and the Sponsor's Terms or the Rules and the Privacy Policy.

Exclusions from Eligibility. Employees of Sponsor, any Co-Sponsor, or their respective parents, subsidiaries, affiliates, partners, suppliers, or advertising or promotional agencies (including without limitation any Judges who are employees of Sponsor, any Co-Sponsor or any of their respective parents, subsidiaries, or affiliates), as well as members of their households or their immediate families (i.e., spouses, parents and children), may submit entries in the Competition, but any such entries are for information and entertainment purposes only and are not eligible to be considered for the purpose of selecting finalists or winners. Judges who are not employees of Sponsor, any Co-Sponsor or any of their respective parents, subsidiaries, or affiliates, are not eligible to enter or win, nor are members of their households or their immediate families (i.e., spouses, parents and children). Notwithstanding the foregoing, Matchi and/or the Sponsor shall have no liability to any entrant or any otherperson in the event that Sponsor inadvertently awards a prize to any non-eligible person(s). In addition, each entrant acknowledges and accepts that Sponsor may be prohibited by applicable law from permitting entry by or awarding a prize to any person falling into one or more of the following prohibited categories: (a) a national or resident of Cuba, Iran, Iraq, Libya, North Korea, Sudan, Syria or any other country for which trade with the United States has been prohibited or restricted by any statute, regulation, order, rule, treaty, directive, or other law of the United States or any other applicable jurisdiction in any manner that would prevent the awarding or delivery of any prize to the entrant; (b) a person on the U.S. Table of Denial Orders, Entity List, List of Specially Designated Nationals and Blocked Persons, or any other similar list of any applicable jurisdiction, or any person affiliated with any person or entity on any such list; (c) an official or representative of any foreign government; or (d) any other person to whom the awarding or delivery of any prize would violate any applicable statute, regulation, order, rule, treaty, directive, or other law or any of Sponsor's policies.

Entry. Multiple entries are permitted, but only one entry per entrant can win a prize in the Competition. Entrants must be registered members of the Matchi Site to enter the Competition. Entries can be the work of more than one person, but for purposes of the Competition, each entry will belong to the "Primary Author" named in the entry, regardless of the number of contributors to that entry. For winning entries, Sponsor will award the applicable prize to the named entrant only, and will not be responsible or liable for apportioning any prize among contributors to a winning entry. Upon submission, all entries become subject to the Policies (including without limitation the provisions regarding ownership and use of user submissions as stated in Sponsor's Terms and Conditions of Use and further described in Section B ("Advertising and Marketing"). Notwithstanding the foregoing, entries to the Competition shall only be valid after the entry is accepted by Matchi and the Sponsor, Entries will not be acknowledged or returned. Entrants are permitted to modify or update an entry after submission, but are not permitted to do so after the Deadline. Entries may remain posted on the Competition page of the Sponsor Site indefinitely following the Deadline, but Sponsor reserves the right to delete entries from the Competition page after the Competition ends, in its discretion, and Sponsor reserves the right to delete entries from the Competition page and other pages of the Sponsor Site, at any time in its discretion, if such entries infringe or may infringe any third party's rights. Entries may not be created or submitted through any software-generated, robotic, programmed, script, macro, or other automated method. Sponsor and Co-Sponsor will have no responsibility for, and will have the right to refuse in its discretion, any entries that have been tampered with, or entries that are misdirected, incomplete, non-conforming, corrupt, lost, late, or ineligible, whether due to Internet or e-mail server failure or otherwise. Proof of transmission of an entry shall not constitute proof of receipt. It is each entrant's responsibility to keep Sponsor informed of any changes to entrant's contact or other information during the Competition.

Use of Personal Information. Registering for an account with the Sponsor Site, which is required to enter the Competition, may require each entrant to submit entrant's name, e-mail address, and other contact details, For further information concerning how Sponsor handles personal information, as well as provisions on confidentiality and the cases in which Sponsor may be entitled to disclose entrant's information to third parties or upon request of an authority, consult Sponsor's Privacy Policy, which is incorporated herein.

Additional Entry Requirements. Each entry must comply in all respects with the Policies, including without limitation all requirements for user submissions, as stated in the Terms and Conditions of Use for the Sponsor Site. Without limiting that requirement, each entry also must comply with the following:

  • Each entry must be entirely the original work of the persons identified in the entry;
  • If persons other than the entrant have contributed to an entry, the entrant must have the written permission from each contributor prior to submitting the entry; Unless otherwise specified on the "How to Enter" page for the
  • Competition on the Sponsor Site, entries must not have been published prior to the Start Date;
  • Unless otherwise specified on the "How to Enter" page for the Competition on the Sponsor Site, entries must not have been entered in more than three of Sponsor's competitions;
  • Entries must not contain anything that is or may be: (i) threatening, harassing, degrading or hateful; (ii) defamatory; (iii) fraudulent or tortious; (iv) obscene, indecent or otherwise objectionable; (v) deemed to cause feelings of disharmony, enmity, hatred or hostility between different religious or racial groups; (vi) protected by copyright, trademark, patents, utility models, design patents or other proprietary right without the express prior written consent of the owner of such right; or (vii) dangerous or potentially dangerous, or that would encourage dangerous behaviour from viewers, such as arms, explosives and/or harmful substances; or (vii) contrary to governmental policies of any country whose residents are eligible to enter the Competition.
  • Entries must provide proper safety instructions, as applicable, such as with respect to the use of knives, cutting devices and other tools; and Entries must not contain any material that would give rise to criminal or civil liability or that encourages conduct that constitutes a criminal offense in any of the jurisdictions, states or countries where the innovation will be operative.

Judging Process. The winner(s) will be determined through two (2) rounds of judging, as described below:

Selection of Finalists: In the first round, after the Voting Period closes, Judges from the Sponsor's editorial staff will rank each eligible entry on the basis of a composite score based on the Criteria, assigning weight to each of the Criteria based on the Criteria. The entries with the highest scores will qualify as finalists, and the number of finalists selected will be as identified in Section A above.

Selection of Winner: In the second round, the Judges will apply the Criteria to evaluate the finalists, using a range of voting method, assigning values based on the criteria above to each finalist. The finalist(s) with the highest score(s) will be selected as the winner(s) and the number and type of winners will be as identified in Section A above. Any ties will be broken using the median ballot rating approach (the entry with the highest median score wins).

Disqualification: The Judges have the right to disqualify any entry that is not in compliance with these Rules. In the event that a winning entry is disqualified, the next-highest scoring entry will be selected as the alternate winner. In the event that one or more of the identified Judges is unavailable, Sponsor reserves the right to substitute Judges of comparable qualification, to be determined by Sponsor in its discretion.

The Competition is entirely skill-based and contains no elements based on chance. The standards applied during the judging process focuses on assessing each entry's properties. By the mere submission of an entry, an entrant acquires no automatic right to be awarded a prize, nor any other right except for the right to have such entry reviewed and evaluated subject to these Rules.

Prize Terms. Where monetary prizes are awarded, all values are stated in United States Dollars (USD) as indicated, or as converted [currency converter] to local currency. If a stated prize is unavailable, Sponsor has the right to substitute one or more items of equal or greater value, in its discretion. No prize is, and the winner(s) have no right to claim that any prize is, exchangeable, transferable, or redeemable for cash. The winner(s) will be solely responsible for all expenses related to the receipt and use of all prize(s) other than those expenses expressly included in the description of the prize(s) in Section A above. The winner(s) will be solely responsible for complying with any and all applicable statutes, laws (including, without limitation, common law, if applicable), rules and regulations and for bearing any personal income tax, VAT, withholding taxes, customs duties, or other taxes, fees, insurance, surcharges or other costs relating to receiving, claiming or collecting any prize.

Winner(s) are hereby informed of the liability to pay all taxes on the prize(s) received; such taxes shall be paid by the winner(s). Each winner shall be responsible for reporting his or her individual income tax generated from the prize to relevant tax authorities on his or her own and, for residents subject to tax obligations on the prize by any country, shall promptly submit to Sponsor a tax payment proof showing that such tax has been fully paid. If the winner fails to submit such proof within a reasonable period of time as required by Sponsor, Sponsor reserves the right to disqualify the winner from entitlement to the prize and the winner shall be deemed to have waived his or her right to claim the prize and shall be further obligated, upon Sponsor's request, to return the prize to Sponsor at his or her own cost. In addition, for winners who are residents of the Netherlands, if the estimated retail value of a prize is more than 454 Euros, each winner is responsible for payment of the applicable Dutch 'lottery tax' (29% of the prize value) and declaration thereof to the Dutch tax authorities. The prize(s) will be given away by sponsor and any co-sponsor(s) "as is." sponsor and any co-sponsors do not make, and expressly disclaim, any warranty, whether express, implied, or statutory, regarding any prize or portion thereof, including without limitation any implied or statutory warranties of merchantability, fitness for a particular purpose, title, or non-infringement. Some jurisdictions may not allow the exclusion of implied warranties, consumer guarantees and similar rights, in which case such exclusion shall apply only to the extent permitted by applicable law in the relevant jurisdiction. without limitation, to the fullest extent permitted by applicable law, all warranties and representations, in relation to the prizes, whether express or implied by statute, law (including, without limitation, common law, if applicable), rule, regulation, or otherwise, are hereby excluded.

Announcement; Award of Prize(s). The winner(s) will be notified by e-mail within seven (7) days of selection. The prize(s) will be awarded by way of delivery to Winner's designated valid delivery address set forth on the Winner's Declaration and Release. Unless otherwise specified in Section A, and provided that direct shipment costs by mail or parcel post (expressly excluding import duties and other duties or taxes, which are the Winner's sole responsibility) to Winner's designated valid delivery address shall be borne by Sponsor, provided, however, if delivery is declined or fails by reason of Winner's failure to timely accept receipt or pay appropriate import duties and other duties or taxes) then the winner will be deemed to have declined acceptance of the prize and Sponsor reserves the right to reclaim the prize whereupon the prize will be returned to Sponsor and winner will no longer be eligible to receive the prize. The winner(s) may be required to provide Sponsor with a social security number, taxpayer identification or identification card number, or other identification or account number (if applicable) (a Permanent Account Number for residents of India) for tax purposes, and will provide Sponsor with all other information as may be required for Sponsor to comply with all applicable laws in connection with the award of any prize(s) to the winner(s). The winner(s) also may be required to provide Sponsor with proof that he or she is the Authorized Account Holder of the e-mail address associated with the winning entry. An "Authorized Account Holder" is the natural person who is assigned to an e-mail address by an Internet access provider or other organization responsible for assigning e-mail addresses to the domain associated with an e-mail address. In the event of a dispute, an entry will be deemed to have been submitted by the Authorized Account Holder of the e-mail address submitted at the time of entry. Failure to respond to a winner announcement, or return any required declarations or releases within fourteen (14) days (or any longer time specified by Sponsor in the applicable winner announcement) or to comply with any of the foregoing may result in disqualification and the selection of an alternate winner. It is Sponsor's policy to assist U.S. government employees in meeting their obligations under their standards of ethical conduct; any prize(s) won in violation of those Standards should not be accepted and should be returned at Sponsor's expense or destroyed. Without limitation, Sponsor shall not be liable for any failure to deliver any prizes due to any Winner's failure to accept delivery, to meet any of his or her obligations hereunder or due to the submission of any false, inaccurate or misleading information.

Representations. By entering the Competition, each entrant represents and warrants that: (a) the entrant meets all eligibility requirements of the Competition; (b) in entering and participating in the Competition, the entrant has complied and will comply in all respects with these Rules, the Policies, and all applicable statutes, laws (including, without limitation, common law, if applicable), rules and regulations; and (c) the information provided in the entrant's entry, including without limitation all contact information, is true, accurate, and complete in all respects.

Assumption of Risk. By taking any action to create an entry for the Competition, each entrant, on his or her own behalf and on behalf of his or her personal representatives, heirs, executors, and assigns, acknowledges and agrees that: (a) entrant and his or her personal representatives, heirs, executors, and assigns have the sole responsibility for the creation of the entry, which is designed and created by the entrant following his or her own decision and initiative depending on the way, in his or her sole discretion entrant decides to create such entry, and even though the competition does not require or otherwise encourage dangerous behaviour, there may be danger and risk of bodily injury, death, or property damage involved in creating an entry; (b) these risks and dangers may arise from foreseeable or unforeseeable causes; (c) such entrant and his or her personal representatives, heirs, executors, and assigns assume all risks and responsibility for any personal injury, death, property damage, or other loss arising out of the creation of any entry, whether caused by negligence or any other cause; and (d) Subject to applicable law, such entrant and his or her personal representatives, heirs, executors, and assigns are relinquishing any and all rights he, she, or they now have or may have in the future to sue or take any other action against Sponsor, any Co-Sponsor, the prize manufacturers, any other entities involved in the administration of the Competition, each of their respective parents, subsidiaries, and affiliates, and each of their respective officers, directors, employees, agents, and representatives (the "Sponsor Parties") on the basis of any injury, death, damage, or other loss that may be suffered arising from any action taken in the creation of any entry, including but not limited to claims based on allegations of negligence by any of the Sponsor Parties or use of any machinery or materials. Without limitation, Sponsor Parties shall have no liability to any entrant or any other person in the event the entry or any acts or omissions of the entrant violates any of these Rules.

Release. To the maximum extent permitted by law, by entering the Competition, each entrant releases and holds harmless the Sponsor Parties from any and all responsibility, liability, damages (including, without limitation, direct, indirect, incidental, consequential, punitive, statutory, and other damages), losses, costs, or expenses of any kind arising out of or relating to: (a) entry or participation in the Competition, including but not limited to disputes among individuals claiming to have contributed to any winning entry; (b) any violation by the entrant of these Rules, the Policies, or applicable laws; (c) misappropriation, infringement, or other violation of any copyright, trademark, patent, trade secret, right of publicity, privacy, or other legal or contractual right of any person attributable to entrant or any entry submitted by entrant; (d) the acceptance, possession, receipt, or use of any prize or any item purchased with any prize (e.g., if the prize includes a gift card); (e) any entries or votes that have been tampered with or that are misdirected, incomplete, non-conforming, corrupt, lost, late, or ineligible; (f) any problems or technical malfunctions (including but not limited to errors, omissions, interruptions, deletions, defects, or delays in operation or transmission) of any computer, telephone, modem, cable, satellite, network, hardware, online system, server, software, or other equipment or provider, including any incorrect, incomplete, garbled or jumbled information resulting therefrom; (g) any Internet traffic congestion or website accessibility or delays; (h) printing or typographical errors in any Competition-related materials; or (i) any other technical or human error that may occur in connection with the Competition (the "Causes"). If anyone makes any claim against any of the Sponsor Parties arising out of or relating to any of the Causes attributable to the entrant, the entrant will pay for any damages, losses, liabilities, costs, penalties, and expenses, including without limitation attorneys' fees and/or experts' fees and costs, incurred in connection with such claim. Without limiting the generality of the foregoing, the sponsor parties shall not be liable for any lost profits or any special, incidental, indirect, punitive, exemplary, or consequential damages arising out of the competition, howsoever caused, whether arising in statute, tort (including, without limitation, negligence) contract, other legal theory or otherwise, and all such damages are hereby disclaimed and excluded. some jurisdictions may not allow the limitation or exclusion of liability for damages and other liability (including incidental or consequential damages) in which case such limitation or exclusion shall apply only to the fullest extent permitted by applicable law, rule, statute or regulation in the relevant jurisdiction. nothing in these terms exclude liability for fraud, or for personal injury or death caused by negligence to the extent such exclusion is prohibited by applicable law

Misconduct. Sponsor reserves the right, in its discretion, to disqualify any entrant who: (a) tampers with the entry or voting process, the operation of the Competition, the Sponsor Site, or affiliated websites; (b) acts in an unsporting or disruptive manner, or with intent to annoy or harass another person; or (c) is otherwise in violation of these Rules, the Policies, or any applicable laws.

Termination. Sponsor reserves the right to suspend, modify, or terminate the Competition at any time for any reason, in its discretion, including without limitation in the event of fraud, abuse, tampering, technical, administrative, financial, or other difficulties. In such cases, Sponsor will post a notice on the Competition page of the Sponsor Site. Should the Competition terminate prior to selection of the winner, Sponsor will announce an alternate means of awarding the prize on the Competition page of the Sponsor Site. Any entrant may withdraw from the Competition at any time by contacting Sponsor by email at or by mail at the address identified in Section B ("Winner's List; Mailing List") specifying the name of this Competition and any other relevant information.

Advertising and Marketing. By entering the Competition, and in consideration of Sponsor's potential review and evaluation of his or her entry, each entrant grants to Sponsor the non-exclusive right to use his or her entry as provided in the Policies, including without limitation the provisions of the Terms and Conditions of Use regarding ownership and use of user submissions. Without limiting the foregoing, to the maximum extent permitted by law, by entering the competition, each entrant consents, and warrants that it has obtained the legally-binding written consent or other legally binding authorization (including with regard to the use and management of copyrights in all created content) of every contributor to the entry (individuals whose name, likeness, property, results and proceeds appear in the entry), to the use by sponsor, any co-sponsor, or any third party chosen by sponsor or any co-sponsor, of any and all information (including personal information), drawings, text, photos, images, voices, videos, or other material contained in an entry or otherwise provided by such entrant related to the competition for advertising and marketing purposes. Otherwise, each entrant retains whatever rights it may have in each entry to the extent provided in the Policies. The Sponsor, at its discretion, may require entrants to provide evidence of such written consents or other legally binding authorization. To the maximum extent permitted by law, by accepting a prize, a winner consents on his or her own behalf, to the print and online publication of the Winner's user name, stated country of residence and winning entry as part of the official Winner's list on the MATCHi.biz Site (and to submit this information, along with the Winner's first and last name, address, phone, email or other contact information to governmental agencies if required by applicable laws) without additional compensation other than the consideration specified in this Section 15 (Advertising and Marketing) for the entire protection term of the rights concerned and for all methods and means of exploitation. Each entrant and any other contributor whose personal information is being so used by Sponsor may request access to his or her personal information held by Sponsor and that Sponsor correct the data if it is inaccurate or delete the data if Sponsor is not required to retain it by law or for legitimate business purposes. Access, correction, deletion requests or withdrawal of consents can be made by contacting Sponsor by email at however, no consents will apply retroactively to any entrant's personal information used prior to Sponsor's receipt of any consent withdrawal. Other than as set forth herein, Sponsor will treat any personal information supplied by entrants in connection with the Competition in accordance with Sponsor's Privacy Policy, as modified by these Rules.

Governing Law; Dispute Resolution. By entering the Competition, entrants agree that these Rules will be governed by and construed in accordance with the laws of (a) Switzerland if the entrant's principal place of residence is in a country in Europe, Africa or the Middle East, (b) Singapore if the entrant's principal place of residence is in a country in Asia, Oceania or the Asia-Pacific region, (c) Brazil if the entrant's principal place of residence is in Brazil, or (d) the State of California (and, to the extent controlling, the federal laws of the United States) if the entrant's principal place of residence is in a country in the Americas (including the Caribbean) or any other country not specified in this Section 16 (Governing Law; Dispute Resolution); provided, however, that in respect of all claims, actions and disputes brought by any of the Sponsor Parties, these Rules and shall be governed by and construed in accordance with the laws of Hong Kong. The laws of such jurisdictions shall govern without reference to the conflicts-of-laws rules thereof. The UN Convention on Contracts for the International Sale of Goods and the Uniform Computer Information Transaction Act shall not apply to (and are excluded from the laws governing) these Rules. In addition, by entering the Competition, entrants agree that any claim, action or dispute arising under or relating to this Agreement will be brought exclusively in (and the parties will be subject to the exclusive jurisdiction of) the courts of Hong Kong. By entering the Competition, each entrant submits to the jurisdiction of those courts and waives any objection to those courts, whether on the basis of jurisdiction, venue, inconvenience of the forum, or otherwise.

Miscellaneous. If any part of these Rules is held by a court of competent jurisdiction to be invalid, illegal, or otherwise unenforceable, such part will be modified by such court to the minimum extent necessary to make it enforceable while preserving to the maximum extent possible the original intent of and the remaining parts of these Rules will remain in full force and effect. Nothing contained herein or in any of the Competition related materials should be construed as an endorsement by Sponsor of any Co-Sponsor, or of Sponsor or any Co-Sponsor of any third party, product, or service. Notwithstanding anything to the contrary, Sponsor may decline to process requests that are unreasonable or unreasonably repetitive.

Winner's List; Mailing List. The user name(s) and entries of the Competition winner(s) will be posted on the Competition page of the Sponsor Site, within fourteen (14) days of the of the end of the judging process, or by contacting the Competition Team by email at . All requests must include the words "Winner's LIST" and the full name of the Competition prominently in the subject line.

All such requests must be received within six (6) months of the Deadline. Sponsor must be contacted by email at . Entrants who opt to join the Sponsor's electronic mailing list agree to be contacted by email by the Sponsor. Requests for removal from the Sponsor's mailing list may be made as instructed in any such email or as otherwise indicated on the Sponsor Site.


Matchi Payment Policy

1 INTRODUCTION

1.1 This payment policy (the "Payment Policy") applies to all members of the Matchi website (the "Website"). The Website is operated by Matchi Holdings Limited, which is incorporated in Hong Kong of 12 Floor Ruttonjee House, 11 Duddell Street, Central Hong Kong, (Registration No.:1920601) ("Matchi").

1.2 By accessing the Website and being a Member, all Members accept and agree to this Payment Policy. If a Member does not agree to abide by the provisions of this Payment Policy, the Member may not access or use the Website. 

1.3 Matchi reserves the right to amend this Payment Policy or add provisions to it at any time. By continuing to access or use this Website, the Member agrees to the amended versions of the Payment Policy.

1.4 Any amendment to the Payment Policy shall become binding on Members once the amended Payment Policy has been uploaded on the Website.

2 INTERPRETATION

2.1 Unless the context dictates otherwise, all the defined terms used in this Payment Policy will have the meaning as set out in the Matchi Website General Use Terms and Conditions.

2.2 The interpretation and administration of this Payment Policy vests in Matchi.

2.3 This Payment Policy shall apply to and bind each and every Member and each and every Member shall be bound by this Payment Policy.

3 GENERAL PAYMENT OBLIGATIONS

3.1 The Matchi Innovator Terms and Conditions requires Innovators to make payment to Matchi of Submission Fees in order to submit Innovations to the Website and/or to make payments of Commission to Matchi in relation to any assignment, license, employment, joint venture or any other agreement that is entered between an Innovator and a Buyer or Sponsor. The Commission will be withheld by a Sponsor or Buyer, and will be paid over by them to Matchi. This policy contains certain obligations that must be complied with in relation to payments made to Matchi.

3.2 The Matchi Buyer Terms and Conditions requires Buyers to make payment to Matchi of Access Fees in order to access innovations from the Website. This policy contains certain obligations that must be complied with in relation to payments made to Matchi.

3.3 All Submission Fees, Access Fees, Commission and other payments to Matchi shall be made into Matchi's bank account by way of electronic funds transfer. The details of Matchi's bank account are as follows:

  • Bank:   HSBC Hong Kong
  • Bank Address:  1 Queen's Road Central, Hong Kong
  • Account No:  642042089838
  • Account Holder:  Matchi Holdings Limited
  • SWIFT No:  HSBCHKHHHKH.

3.4 Unless otherwise agreed to by Matchi in writing, all payments to Matchi shall be made in United States Dollars.

3.5 All payments to Matchi shall be made free of any set-off, deduction, cost of transfer, bank fees and other charges.

3.6 Payments of Submission Fees shall be made to Matchi on or before submission of an Innovation, and the respective submission shall not be published on the Website until such time as Matchi has received payment of the relevant Submission Fees.

3.7 Payments of Commission shall be made to Matchi within the period specified by Matchi in relation to the various types of transactions, as set out below.

3.8 Interest calculated at LIBOR plus a margin of 2% per annum or the maximum interest rate permitted by law shall accrue on the outstanding balance of all amounts due and payable but unpaid to Matchi from time to time. Such interest shall be calculated from the due date of each overdue amount to the date of payment thereof and shall be paid to Matchi on demand. "LIBOR", as aforesaid, shall mean the London Interbank Offered Rate of Interest, nominal annual compounded monthly in arrears, as quoted by HSBC Hong Kong for deposits in Hong Kong dollars.

3.9 Buyers, Innovators and Sponsors shall be liable for any and all taxes that may be payable in relation to payments due to Matchi.

4 COMMISSION

4.1 The following provisions set out the payment obligations of Innovators in respect of Commission payable to Matchi:

4.1.1 in respect of an assignment, license, joint venture or any other agreement that is entered between an Innovator and a Buyer or Sponsor (other than an employment agreement), the Innovator shall pay Matchi a Commission in an amount equal to 5% (five percent) of the value of the transaction, provided that where recurring payments will be made to the Innovator by the Buyer or Sponsor pursuant to such agreement or transaction, the Commission shall only be payable in respect of a period of 36 (thirty six) months from the date on which the Buyer or Sponsor makes the first payment to the Innovator;

4.1.2 if an Innovator enters into an employment agreement or arrangement with a Buyer or Sponsor, the Innovator shall pay to Matchi an amount equal to 20% (twenty percent) of the gross annual remuneration payable to the Innovator; and

4.1.3 if a Sponsor or Buyer acquires the business of the Innovator or shareholding in the Innovator, the Innovator shall pay to Matchi an amount equal to 5% (five percent) of the purchase price.

4.2 Innovators shall provide Matchi with regular updates regarding their discussions and transactions with Buyers and/or Sponsors. The frequency of such updates shall be determined by Matchi and specified on the Website from time to time. As soon as a transaction is concluded, the Innovator shall provide Matchi with a statement which reflects the Commission due to Matchi. The statement shall be completed in the form and submitted in the manner specified by Matchi on the Website.

5 AUDIT RIGHTS

5.1 The Innovator shall:

5.1.1 ensure that full and accurate books of accounts and records of all pertinent data regarding all transactions regarding Innovations are maintained and that these are retained intact by the Innovator; and

5.1.2 allow Matchi and/or its representatives, on reasonable notice, to have access to any such books of accounts and records for the purpose of verifying the truthfulness, correctness and accuracy of any of the information contained in them, and any of the information provided to Matchi by the Innovator.

5.2 If any audit carried out by Matchi at any time indicates that any information set out in any documentation or any other information provided to Matchi by the or contained in any books of account or records is false, incorrect or inaccurate and that, as a result thereof, any amount that has been paid to Matchi was less than it should have been, then the Innovator shall forthwith pay to Matchi:

5.2.1 the difference between the amount that was paid to Matchi and the amount that should have been paid, together with interest thereon (calculated in terms of the provisions of clause 3.7); and

5.2.2 all reasonable costs incurred by Matchi arising out of or in connection with the audit or inspection, as the case may be, conducted by its auditors.

5.3 Receipt and retention by Matchi of any payment from or on behalf of the Innovator and payment of any amount by the Innovator to Matchi in respect of any Commission shall not in any circumstances be construed as an acknowledgement by Matchi as to the truthfulness, accuracy or correctness of such invoice or the amount of such payment, and shall be without prejudice to any of Matchi's rights.



Matchi Membership Policy

1 INTRODUCTION

1.1 This membership policy (the “Membership Policy”) applies to all members of the Matchi website (the “Website”). The Website is operated by Matchi Holdings Limited, which is incorporated in Hong Kong of 12 Floor Ruttonjee House, 11 Duddell Street, Central Hong Kong, (Registration No.:1920601) (“Matchi”).

1.2 By accessing the Website and being a Member, all Members accept and agree to this Membership Policy. If a Member does not agree to abide by the provisions of this Membership Policy, the Member may not access or use the Website.

1.3 Matchi reserves the right to amend this Membership Policy or add provisions to it at any time. By continuing to access or use this Website, the Member agrees to the amended versions of the Membership Policy.

1.4 Any amendment to the Membership Policy shall become binding on Members once the amended Membership Policy has been uploaded on the Website.

2 INTERPRETATION

2.1 Unless the context dictates otherwise, all the defined terms used in this Payment Policy will have the meaning as set out in the Matchi Website General Use Terms and Conditions.

2.2 The interpretation and administration of this Membership Policy vests in Matchi.

2.3 This Membership Policy shall apply to and bind each and every Member and each and every Member shall be bound by this Membership Policy.

3 CONTRAVENTION OF THE MEMBERSHIP POLICY

3.1 Matchi may investigate any non-compliance by any Member with the provisions of this Membership Policy. Matchi’s powers in this regard shall include, but not be limited:

3.1.1 to determine whether a Member has contravened the provisions of this Membership Policy;

3.1.2 to impose a penalty or fine on a Member who has, in Matchi’s sole and absolute discretion, contravened any provision of this Membership Policy;

3.1.3 to order any Member to take action or refrain from any course of action which contravenes this Membership Policy; and

3.1.4 to immediately terminate the Member’s membership of the Website.

4 MEMBERSHIP CRITERIA

4.1 In order to be a Member of the Website, the requirements below must be complied with.

4.2 If the Member is a Buyer, the Member must comply with the following criteria:

4.2.1 the Buyer must be a registered bank in the country in which the Buyer is incorporated; or

4.2.2 an authorised or registered insurer or insurance provider.

4.3 If the Member is an Innovator, the Member must have an Innovation that complies with the definition of “Innovation”, as set out in Matchi’s Innovator Terms and Conditions.

4.4 The Member’s membership of the Website is subject to the Member complying with the abovementioned criteria at all times. If the Member, at any time, fails to comply or maintain its compliance with such criteria, Matchi may terminate the Member’s membership of the Website.



TPL_GK_LANG_LOGIN TPL_GK_LANG_ORRegister

Don't yet have a login? Sign up now!

By logging in and using this site you agree to the membership terms and conditions for Innovators OR for Financial Institutions

Cookies make it easier for us to provide you with our services. With the usage of our services you permit us to use cookies. Privacy Statement
Ok Decline