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SME Fintech Innovation Challenge

The challenge opens for entry on Tuesday the 23rd of February and closes for entry on on midnight (London Time) Monday the 21st of March 2016

SME FinTech Innovation Challenge
Hosted by Matchi
Event Description

In partnership with Matchi, a mystery bank is challenging the global FinTech community to respond to their SME FinTech Innovation Challenge!

The challenger bank is the largest in its region with over 35,000 SMEs in their portfolio. As such, they are committed to the development of SMEs and are looking for ways to improve their customer value proposition for this segment.

To enter, your solution will need to be market-ready (at least at prototype phase) and adhere to the below design principles:

  • Simple to understand and use
  • User-Centered
  • Responsive, i.e. adaptable to any mobile device (with the exception of mobile-specific apps)
  • Mobile First - solutions must be able to deliver a great customer experience on a smartphone

When you log in to enter a specific category, you will have access to a video brief from the challenger bank, whose identity will then be revealed to you.

What's in it for you
The two highest ranking innovations in each of the three categories (total of 6) will have an opportunity to present their solution to a judging panel from the bank on 21 April 2016. From there, at least one innovation will be announced as the ultimate winner and that firm will continue through to the PoC project phase within the bank.
How will your entry be scored

The two highest ranking innovations in each of the three categories (total of 6) will have an opportunity to present their solution to a judging panel from the bank on 21 April 2016. From there, at least one innovation will be announced as the ultimate winner and that firm will continue through to the PoC project phase within the bank.


Challenge Categories
 
SME Lending
  • Solutions that aim to simplify the end-to-end customer journey for SMEs, from loan application to credit decisioning to loan disbursement.
Think about: online application, SME focused scoring models (leveraging non-traditional data and analytics), innovative repayment of loans.
 This Challenge is closed for entry
 
Mobile Application
  • A Mobile Bank app that includes basic features such as accessing accounts balance, authorizing payments and transacting online; but is also a financial assistant.
Think about: cashflow management, mobile payments, tracking receivables, reminders to creditors etc
 This Challenge is closed for entry
 
B2B Market Place
  • An online platform where B2B sellers can promote their services and Buyers can order, pay and benefit from specials. The bank provides an online payment gateway, credit and trade facilities to enable all transactions.
Think about: simple to use, unique value added services and what will WOW the customer.
 This Challenge is closed for entry

Interactive Challenge Timeline

Current Phase in Challenge

 Challenge has Ended

Challenge Phase Dates

  • Preparing to start: 1st February to 22nd February
  • Accepting Entries: 23rd February to 21st March
  • Validate Entries: 22nd March to 25th March
  • Entry Scoring : 30th March to 15th April
  • Ranked Shortlist: 16th April to 18th April
  • Facilitated Judging: 19th April
  • Finalists announce: 20th April
  • Final Judging Process: 25th April to 26th April
  • Announce Winners: 28th April

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