ATTENTION: Startup Finalists Announced
The banking and the insurance sector are reinventing themselves. A large part of this reinvention is down to Fintech startups who via technological innovations, are transforming the Latin American financial services market as we know it, making it more inclusive, fairer and innovative while also improving the user experience.
FINNOSUMMIT Challenge, sponsored by Scotiabank, aims to discover, promote and empower technological startups with the most talent and capacity to transform financial services in Mexico. The main objective is to promote technological entrepreneurship in the country and drive the finalist startups and the winner of the competition to the next level of development, giving them great notoriety, specialized mentoring, and greater access to financing and partnerships with the main players in the financial industry. In addition, the winning startup will participate in a one-week immersion program with Scotiabank in Toronto (Canada).
FINNOSUMMIT Challenge is a unique occasion for Fintech startups because both finalists and the winner will be able to participate in the region's biggest Fintech forum, FINNOSUMMIT where more than 800 Fintech innovators will discuss new technologies and frameworks that will transform the industry.
FINNOSUMMIT Challenge invites all technological startups with the capacity to transform the financial services industry in Mexico that already have a product launched in the country ’s market to apply to this pioneering competition in the region.
Who can apply to this top-tier competition?
The registration period is extended until August 2nd, 2018. All startups or entrepreneurial technological initiatives from Latin America with the capacity to transform financial services in Mexico (not necessary of Mexican origin, but with operations in the country).
To this sense, technological projects offering a solution or service within the financial services industry through an innovative approach or based on the following technologies will have special relevance: Data Analytics, Alternative Scoring, Payments Contactless (Biometrics, seamless payments), IoT, will be particularly relevant. KYC, Cybersecurity.
We encourage you to apply by August 2nd and propel your project with FINNOSUMMIT Challenge! Also, if you know about other startups in your environment that may be interested do not hesitate to send them this information.
You can check the rules of the competition in the following link: (Download rules in PDF)
10 finalists will be selected from among the applicants and will have access to the following prizes:
- Two VIP tickets to attend the leading Fintech conference in Latin America, FINNOSUMMIT on September 12-13th, 2018, including access to a previous VIP cocktail. FINNOSUMMIT brings together the main players from across the regional Fintech spectrum, from financial institutions to Fintech entrepreneurs, investors and accelerators.
- Participate in the Pitch Training Session, on September 11th, where startups can develop and improve their presentation for the Final through feedback received by key players in the Fintech ecosystem.
- The finalist startups will pitch on September 13th during the FINNOSUMMIT Mexico Final.
1 winner will be selected and will additionally receive:
- Public recognition as the most innovative Fintech startup in Mexico. The winner will gain great visibility through the communication channels of Finnovista, as well as the delivery of an exclusive stamp of winner of the competition.
- In addition, the winning startup will participate in a one-week immersion program with Scotiabank in Toronto (Canada).
The competition final will take place at the FINNOSUMMIT conference being held in Mexico City this coming September 12-13th. The 10 selected finalists will pitch their projects to a jury comprised of leading Fintech entrepreneurship experts and financial industry executives (4 votes) and the event attendees (one vote).
FINNOSUMMIT is the leading international conference on collaborative innovation in financial services where the real future of the industry in the region will be deepened. The success of the previous editions, organized by Finnovista in Latin America in which more than 3,500 Fintech innovators participated, endorse the success and quality of FINNOSUMMIT that has positioned itself as an essential appointment for professionals in the Fintech sector and experts in the financial innovation of all the world.
FinalistsMéxico | Company offering solutions for the financial and the retail industry as well as for commercial chains. They improve user experience in online banking offering balance enquiries and billing due dates and payment.Chile | A company developing Tech solutions focused on digitalizing and automatizing financial processes or products in the mortgage and housing fields.Colombia | The first infrastructure provider for financial services based on blockchain and with active clients in the region. Minka is an open banking platform that allows real time deals in a configurable, extensible and traceable way.Chile | Digital authentication platform that allows banks' users to make transactions using their smartphones. Safesigner offers an SDK that interacts with their central platform.México | The solution aiming to fix the low rates that savers get in México. Through their direct banking solution, they pay savers a "super rate" (saving interest rate from Cetex $1 Mexican peso)México | A mobile digital solution that, through the use of a tablet or smartphone, creates a digital KYC with identity validation.Mexico | A 100% online credit card, 100% Mexican, safer, more dynamic, convenient, faster and low cost, strengthened with a credit score with innovative inputs from non-traditional sources.
The registration period is extended until August 2nd, 2018.
Next August 30th we will meet the finalists who will accompany us in the finals at FINNOSUMMIT in Mexico, which will be held on September 12-13th.
Do not hesitate and submit your application!
Need help? If you are a startup or an entrepreneur and you have any questions with regard to FINNOSUMMIT Challenge, we'd love to help you. Please, email us at [email protected]