‘Financial NewTech Challenge 2020’ launches today

‘Financial NewTech Challenge 2020’ launches today

(PRESS RELEASE) PARIS, 17-Jan-2020 — /EuropaWire/ — French multinational company, Capgemini together with Efma launched the Financial NewTech Challenge 2020 today, powered by FinTechVisor.

The Financial NewTech Challenge 2020 aims to discover the best collaborative business solutions that will be presented to an elite panel of experts and industry influencers. Financial NewTechs are all startup and scaleup firms that will deliver business-to-business (B2B) solutions for financial institutions.

The Efma-Capgmini Financial New Tech Challenge 2020 will recognize and reward the most innovative financial NewTechs and the most inspiring collaborative projects between NewTechs and Financial Institutions.

“Building  on last year’s successful Race to the Top challenge, in 2020 we want to recognize the best Financial NewTechs and their collaborations with financial institutions,” said Elias Ghanem, Global Head of Market Intelligence for Capgemini’s Financial Services.

“Financial NewTechs operate in that B2B sweet spot which has been a focus for Capgemini for the past few years, and this challenge aims to highlight NewTech innovation through collaboration at scale with financial institutions. At Capgemini, we strongly believe that the future of financial services relies on this effective combination to offer the best customer experience.”

The competition will run from today until April 22, 2020. The deadline of submission of entries is on March 2 2020. 

FINANCIAL NEWTECH CHALLENGE 2020 CATEGORIES

NewTechs are invited to submit entries on their innovative solutions on the following categories: Retail Banking, Payments, Wealth Management.

In addition, the fourth category focuses on Financial NewTech Collaboration. NewTechs and Financial institutions shall submit their inspiring industrialized collaborative project jointly.

SHORTLISTED CANDIDATES

A committee from Efma and Capgemini will select 10 candidates each from StartUps, ScaleUps and collaborative financial institution and Newtech. The shortlisted candidates will be announced on March 16, 2020.

The winners will be selected by a jury of experts  (75% weighting of the vote) and online voting accessible to both financial institutions and NewTechs (25% weighting vote).

Successful candidates will present their winning initiatives at Efma’s Bank+ Fintech conference in Berlin on April 22, 2020 in front of the audience consisting of key decision-makers, senior executives, and major sector players within the industry.

The Efma-Capgemini Financial NewTech Watchlist 2020 will include the top 100 NewTechs from the Challenge, and will be unveiled also at the Efma Bank +FinTech event in Berlin.

“Since the launch of the FinTechVisor portal, we’ve built a strong community of innovative FinTech organizations and fostered collaborations with banks,” said Vincent Bastid, CEO of Efma.

“The Financial NewTech Challenge 2020 develops this further by providing a platform for FinTechs and financial institutions to showcase the strength of their solutions and collaborative projects and benchmark them against those of their peers.” 

ABOUT EFMA

A global non-profit organization, established in 1971 by banks and insurance companies, Efma facilitates networking between decision-makers. It provides quality insights to help banks and insurance companies make the right decisions to foster innovation and drive their transformation. Over 3,300 brands in 130 countries are Efma members. Headquarters in Paris. Offices in London, Brussels, Andorra, Barcelona, Stockholm, Bratislava, Dubai, Milan, Montreal, Istanbul, Beijing, Tokyo and Singapore. Learn more: www.efma.com.

ABOUT CAPGEMINI

A global leader in consulting, technology services and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. Capgemini is driven by the conviction that the business value of technology comes from and through people. It is a multicultural company of over 200,000 team members in more than 40 countries. The Group reported 2018 global revenues of EUR 13.2 billion.

For press enquiries, please contact:

Sam Connatty
Director, Global Public Relations
T: +44 370 904 3601
sam.connatty@capgemini.com

SOURCE: CAPGEMINI