Canadian Institute launches Global Fintech Challenge with Matchi
Matchi and KPMG Canada team up to showcase the world's best fintech.
Matchi has teamed up with KPMG and the Canadian Institute to host an exclusive global fintech challenge that aims to shortlist and match the world’s hottest fintech solutions with the top fintech priorities of Canada’s leading Financial Institutions.
The Canadian Institute FinTech Challenge 2016 is a global call for proven fintech solutions that align to any of the six key focus areas (categories for submission) which have been pre-defined by Canadian Imperial Bank of Commerce, CIBC Mellon, Bank of Nova Scotia, TD Bank Financial Group, Alberta Treasury Branches, Sun Life Financial and Aviva Canada.
The challenge is open to all firms around the world who have developed and built solutions in any of the following fintech themes:
Theme 1: Digital Labour
- Artificial intelligence for financial services processes
- Robotic Process Automation Machine learning
Theme 2: Wealth Management
- Goals based planning
- Robo Advising
- Personal Financial Management
Theme 3: Peer to Peer Financial Services, including payments component
- P2P Insurance
- P2P Lending Theme
Theme 4: Data & Analytics
Theme 5: Blockchain
- Smart Contracts
- ID Management
Entry to the challenge is exclusively through the Matchi portal at matchi.biz/cifintechchallenge2016. On the Matchi site, fintech firms can find details of exactly what the challenge is looking for. Prospective entrants can then login or sign up to submit an overview of their innovation, and motivate why it should be selected for this unique opportunity.
All entries will be validated by Matchi analysts and then individually scored by a panel of Innovation thought leaders on: novelty/innovativeness, ease of implementation, potential impact (revenue, cost or efficiency) and overall impression.
The highest ranking solution in each theme will be invited to Toronto to pitch their innovation in person to key decision makers from the participating Financial Institutions. Each of the shortlisted solutions will also win a live demo on stage during the Canadian Institute’s upcoming Fintech Forum which takes place from 18 October 2016 – 19 October 2016.
“As a Canadian owned and operated business, Canadian Institute is proud to offer organizations from around the world the opportunity to participate in this challenge. We are looking forward to fostering international collaboration; combining global innovation with Canada’s solid banking sector to modernize and grow financial services for the future.” Andrew Jensen, Managing Director, Canadian Institute.