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Liberty Fintech Challenge

The challenge opens for entry on Friday the 13th of May and closes for entry on on midnight (Central European Time) Tuesday the 31st of May 2016

Liberty Fintech Challenge 2016
Hosted by Matchi
Event Description
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.
What's in it for you
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)
How will your entry be scored
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.

Challenge Categories
Get an Insurance Quote just by speaking to your phone
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 Challenge is closed for entry
Password-less Authentication
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.
 This Challenge is closed for entry

Interactive Challenge Timeline

Current Phase in Challenge

Not defined yet

Challenge Phase Dates

  • Open for Entries: 13th May to 31st May
  • Validating Entries: 3rd June to 6th June
  • Finalist Scoring: 7th June to 17th June
  • Judging of Winners: 20th June
  • Announce Finalists: 21st June
  • Final Judging - Passwordless Authentication: 28th June
  • Final Judging - Voice Activated Quotes: 30th June
  • Announce Winners: 1st July



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