Digital technology in Financial Services, known as ‘FinTech,” is helping institutions meet regulatory burdens and better protect the end customer. Dassault Systèmes has 30 years of experience helping companies thrive in the face of regulatory impact and transformation, and is bringing this expertise to the financial services sector through our 3DEXPERIENCE platform. But beyond our own technology, Dassault Systèmes also hosts a FinTech accelerator and mentoring program for Financial Services Technology startups, our annual 3D FinTech Challenge hosted in London, the world’s leading global FinTech hub. The deadline for submissions is September 21st!
Now in its fourth year, this immersive seven week FinTech accelerator program identifies, nurtures and accelerates six FinTech start-ups whose technology can address regulatory burden.
The six finalists will benefit from a comprehensive master class curriculum provided by industry domain experts and on-going commercial mentoring from the Dassault Systèmes team and senior executives from leading global financial institutions. They will also benefit from access to the vibrant FinTech London scene – venture capitalists, entrepreneurs, meet-ups, prospect opportunities and general support and infrastructure provided by the British Government and ecosystem. The finalists’ solutions will be showcased on the Finals Day on 22nd November in London to an audience of institutions, venture capitalists, journalists and other industry players. Unlike other accelerator programs, Dassault Systèmes does not take equity in the start-ups.
The four themes selected aim to uncover and accelerate technology solutions that address the following everyday challenges:
- Collaboration –provision of systemic warnings and better clarify standards and regulatory guidance internally, externally and between national regulators
- 360 view of the customer – management and analysis of all aspects of internal and external data to address KYC/AML and early potential customer risk/product fit for the customer
- Data visualization –improved usability, analysis and standardization across siloed data sets to mitigate risk, improve data reporting and reduce ambiguity
- Simulation – analysis and provision of upstream/downstream ‘what if’ scenarios, highlighting the impact of new regulations across a firm’s processes, products or customers
“The program brings together key industry players and mentors, domain experts, start-ups and regulators, to improve common understanding, and deliver outcomes that address regulatory risk and compliance costs to shape the investment journey,” said Guillaume Dufour, Vice President, Financial and Business Services Industry, Dassault Systèmes.
The 3DFinTech Challenge 2016 will run from 5th October to 22nd November out of WeWork, in the heart of the London’s Financial District giving the start-ups access and exposure to their network of 40,000 entrepreneurs and investors based in 29 countries.
To apply for the 3D FinTech Challenge, and to see an overview of last year’s competition, please click here.
