Liberty Fintech Challenge

A large, Pan-African financial services company with headquarters in Johannesburg, South Africa is challenging the global FinTech community to respond to the Liberty Fintech Challenge 2016.

Background: Based in South Africa, Liberty is a 59-year young insurer and investment company looking to reshape its business for the next generation of customers. Liberty is backed by the biggest bank in Africa, Standard Bank and has 2 million customers.
Most of Liberty’s insurance and investment products are distributed through financial advisers. To meet the needs of its customers in a fast-changing world, Liberty is establishing a Digital Factory and adopting an minimum-viable product philosophy.

In partnership with Matchi, Liberty is looking for 2 market-ready FinTech innovations to PoC within their organisation, with a view to test and roll out two new solutions in the coming year.
There are two challenge categories:

• Get an Insurance Quote, just by speaking to your phone
• Password-less Authentication

To enter, your innovations will need to be:

• Market-ready (at least at prototype phase)
• Relevant (please read the descriptions for the entry category)

The three highest ranking innovations in each of the two categories (total of 6) will be shortlisted and invited to present their solutions to a judging panel from Liberty on 23 June 2016. From there, one innovation in each category will be announced as the ultimate winner and the two winning firms will continue through to the PoC project phase.

Make it easy for our financial advisers to get things done, just by talking. In this case, the focus is generating an insurance proposal in a few sentences. The solution should be able to turn sounds into words and those words into intent.

This entry-category is calling for solutions that identify customers through their unique behaviour or other attributes — in order to give them access to their information. No need for a password. Think beyond biometrics.