New Post has been published on The Rakyat Post
New Post has been published on http://www.therakyatpost.com/business/2015/02/20/challenge-open-malaysian-startups/
Challenge open to Malaysian startups
Innovative and new financial technology startups will be able to get a chance to present their products and services to the financial industry at large in a global scale with Innotribe Solutions Sdn Bhd’s financial innovation initiative, SWIFT Innotribe 2015 Startup Challenge.
The competition aims to introduce financial technology startups to highly qualified financial service experts, angel investors, venture capitalists, and global leading fintech and financial decision makers.
Semi-finalists of the competition – 15 companies per regional showcase in London, Cape Town, Singapore and New York – get the opportunity to showcase their new concepts and products in front of an audience looking for the best in class and voting for the top five companies at the end of each showcase.
The 20 companies selected automatically secure their place as finalists in the Innotribe Startup Challenge Grand Finale, taking place at Sibos, a financial services event organised by SWIFT taking place in Singapore on Oct 14.
Innotribe and the SWIFT Institute head of markets Fabian Vandenreydt said: “Every year the bar gets higher, with many impressive applications from startups coming from across the globe.
“It is great to see this community using Innotribe as a platform of choice, and allows us to provide them with even greater opportunities to connect with the financial industry. We are eager to see what the 2015 applicants have to offer, and look forward to welcoming more Malaysian startups to our programme.”
Previously in 2013 and 2014, two Malaysian startups, Perfectsen and SoftSpace had successfully made it to the semi-finalist round, securing access to the Singapore showcase and presented their new concepts and products to a panel of influential decision-makers from leading financial institutions.
“The competition seeks innovative financial technology ideas with the most potential to address common challenges and future issues disrupting banks.
“Connecting the startup ecosystem and the financial community, it creates an immediate opportunity for startups to tap on the global fintech investment, which is estimated to reach up to US$8 billion (RM28 billion) in 2018,” said Fabian.
The application form is available on www.innotribe.com/competition and is open until Sunday, Feb 22. Successful applicants will be announced in April.