KPMG Digital Village has called for entries for its 2nd Global FinTech Hackcelerator 2018, a 12-week hackcelerator programme which has been designed to source for the most innovative startups from across the globe. The selected startups would be those with FinTech solutions that address the challenges faced in the financial industry.
— KPMG Ireland (@KPMG_Ireland) May 30, 2018
Organised by KPMG Digital Village in partnership with the Monetary Authority of Singapore (MAS), startups are invited to apply for the programme and demonstrate how their solution can address industry pain points in any of these 4 major areas.
The 4 Focus Areas
- Financial Inclusion: Solutions which empower consumers and businesses to gain access to financial services.
- RegTech and SupTech: Solutions to ensure compliance with regulatory requirements, especially when financial institutions engage in corporate activities.
- InsurTech: Solutions to help the financial institutions transform and shape the future state of insurance.
- General: Solutions which enable financial institutions to enhance customer experience or increase their efficiency.
Benefits of the FinTech Hackcelerator
Upon the submission of application, shortlisted applicants would be called for demos and pre-selection pitching sessions after which 20 successful startup teams would be selected for the 12-week hackcelerator programme. Shortlisted applicants are then provided a $20,000 cash stipend, and an assigned industry champion to offer mentorship and needed technology to help them customize their market-ready solutions into contextualized prototypes for industry adoption.
At the end of the 12 weeks, startups would present their solutions at the Singapore FinTech Festival. The top 3 start-ups will receive an additional cash prize of S$50,000 each. Teams will work with industry champions to plan for actual adoption and integration of their solutions into a real client context. The top teams would also have the opportunity to join corporate adoption programmes and collaborative ecosystems (like the KPMG Digital Village).
— Oppourtunities.com (@Oppourtunties) May 30, 2018
Innovative startups interested in applying must ensure that their solution is unique and can address the problem statement. Also, the solutions proffered must have a good business model, customer experience and collaborative applicability to the industry. Interested startups must show that they have the ability to carry out those solutions (technical, strong company record and the industry knowledge).
Applications are currently open and interested startups must submit their applications before June 15, 2018. You can click HERE to get started.
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