KPMG FinTech Innovation Challenge Winners
Top 6 heading to London for the KPMG FinTech Innovation Summit with Matchi
The KPMG FinTech Innovation Challenge was launched with the intention to source six groundbreaking FinTech innovations to match with multiple financial institutions at the FinTech Innovation Summit, hosted by KPMG in London from 10-11 February 2016.
This is the second annual summit arranged by Matchi to promote collaboration and innovation between both FinTech firms and financial institutions. Confirmed summit participants include Caixa Bank (Spain), Bank Hapoalim (Israel), Rabobank (Holland), Nationwide (UK), Standard Bank (Africa), Westpac (Australia), AIB (Ireland) and Liberty Group (South Africa).
Key focus areas across the invited financial institutions were collated into six FinTech themes which formed the entry categories for the challenge – to which Matchi received a total of 120 qualifying responses. All entries were individually scored against set criteria, including: Novelty/ Innovativeness, Ease of Implementation, Potential Impact (revenue, cost or efficiency) and Overall Impression.
The highest ranking innovations in each of the six themes are:
Next Gen Payments
- Winner: AlphaHub (Ireland)
- Runner Up: Paybox (Israel)
- Winner: NestEgg (USA)
- Runner Up: Canopy (Singapore)
- Winner: Tradle (UK)
- Runner Up: OpenChain (Ireland)
Mobile VAS / Mobility
- Winner: SuiteBox (New Zealand)
- Runner Up: Mitek/IDCheck (Netherlands)
Data / Credit Analytics
- Winner: SpotCap (Germany)
- Runner Up: OSMO Data (UK)
CyberSecurity & Biometrics
- Winner: iProov (UK)
- Runner Up: ECG Biometric (UK)
Each of the 6 winning entries will be invited to London to demo their solution to participating banks and insurance companies on 11 February 2016. Should any winner be unable to attend the summit, the relevant runner up will be invited to attend in their place.
On behalf of KPMG and the Matchi team, we wish to thank all the firms who entered this challenge. The quality of your innovations is superb!