World banking experts will meet the most promising fintech companies selected during the 2014 Regional Showcases
Brussels, 4 September 2014 - As part of Sibos in Boston, SWIFT's annual conference, the Innotribe Startup Challenge Grand Finale will take place on 1 October. This year over 280 companies applied to the Startup Challenge, with 47 companies selected to enter the competition. During 3 regional showcases in London, Singapore and New York, these companies presented their business ideas to an audience of industry experts, global innovators, and investors, who selected the top 15 companies - 9 startups and 6 innovators - to advance to the Grand Finale at Sibos.
The nine early-stage startup finalists are:
The six growth-stage innovator finalists are:
Innotribe is committed to help SWIFT member institutions and the wider banking community, identify and address innovation trends and opportunities within the financial industry.
Fabian Vandenreydt, Head of Markets Management, Innotribe and the SWIFT Institute at SWIFT, says: "Over the last few years, we have seen an emergence of new talent and innovation within the financial industry. Since it started in 2011, the Innotribe Startup Challenge has provided a huge opportunity to our community to understand and support this innovation. We also helped nurture the talent of numerous startups representing the most important up and coming products and services for the financial sector."
Attendance at the Innotribe Startup Grand Finale is open to all Sibos participants. Sponsored by HP, Invest NI, Level39, and SAP, the event will be followed by a reception during which we will announce the names of the 2014 winners: 1 early-stage startup and 1 growth-stage innovator that is most likely to impact the financial industry. A cash prize of USD 50,000 will also be awarded to the winning startup.
During the Sibos week, 17 sessions will be run in the Innotribe space, including the Grand Finale. These sessions will provide powerful insights on innovation to all Sibos delegates and introduce them to the emerging trends poised to transform the financial service industry. Our focus this year: cryptocurrencies, network effects, innovation capabilities, and the fintech ecosystem itself.
For further information about the Innotribe Startup Challenge and the Grand Finale, please visit http://innotribe.com/2014-startup-challenge.
SWIFT Innotribe is about connecting people, networks and ideas - bringing together global startups and innovators with investors, strategists, and influential decision-makers from leading financial institutions across the globe. The initiative seeks to bridge the gap between the startup ecosystem and the financial services industry, looking for products and services that could disrupt current business models and create opportunities for new ones. For more information, please visit http://www.innotribe.com/ or follow us on Twitter: @innotribe and Linkedin: Innotribe.
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest. For more information, please visit http://www.swift.com/ or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT.
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