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Capgemini and Efma Announce Winners of the Financial NewTech Challenge 2021


Capgemini and Efma announce the winners of the Financial NewTech Challenge 2021. The competition, which recognizes and rewards the most innovative financial NewTechs along with the top collaborations between NewTechs and financial institutions, concluded with a special online ceremony held on September 28.

The challenge is powered by FinTechVisor, a global platform developed by Efma and Capgemini, that enables FinTechs, InsurTechs, RegTechs and Financial NewTechs to showcase their B2B solutions, as well as empowering them with an interactive matchmaking tool to foster new partnerships with financial institutions.

"Since its launch in May 2018, the FinTechVisor portal has developed into a strong and vibrant community of the most innovative FinTechs around the world," said John Berry, CEO of Efma. "The submissions for the 2021 edition demonstrated a clear focus on sustainability and show a shifting of priorities in the industry. These companies are the future of financial services and we look forward to continuing to cultivate a platform where FinTechs can showcase the strength of their propositions and benchmark them against their peers."

"At Capgemini, we strongly believe that the future of financial services relies on effective collaboration between traditional firms and StartUps: traditional firms' need for digital agility and StartUps' need for scale compels mutually beneficial partnerships," said Elias Ghanem, Global Head of Market Intelligence for Capgemini's Financial Services. "As the StartUp ecosystem orchestrator, strongly supporting our clients' continuous needs for innovation, we are proud to unveil the Financial NewTech Challenge 2021 winners."

Following 306 submissions ? a 47% increase from 2020 ? from almost 150 financial institutions around the globe, 1,700 votes were cast to determine this year's impressive winners. One StartUp2 and one ScaleUp3 was selected from each of the four categories: Banking, Payments, Wealth Management, and Insurance along with a final category recognizing the top Financial NewTech Collaboration. Winners were announced during the online event to an audience of key decision-makers, senior executives, and major sector players within the industry. They are as follows:

The winners were selected by a jury of experts (75% weighting of the vote) and online voting accessible to both financial institutions and NewTechs (25% weighting of the vote), according to four criteria: business potential, originality, impact, and wow factor.

During the same event, Efma and Capgemini published the "Efma-Capgemini Financial NewTech Watchlist 2021," which groups the top 100 StartUps and ScaleUps worth observing closely as they help in reshaping the financial services industry landscape in the years to come.

About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of 290,000 team members in nearly 50 countries. With its strong 50 year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2020 global revenues of ?16 billion.

Get The Future you Want | www.capgemini.com.

About Efma

A global non-profit organization, established in 1971 by banks and insurance companies, Efma facilitates networking between decision-makers. It provides quality insights to help banks and insurance companies make the right decisions to foster innovation and drive their transformation. Over 1,300 brands in 130+ countries are Efma members.

Headquarters in Paris. Offices in London, Brussels, Andorra, Barcelona, Stockholm, Bratislava, Dubai, Milan, Montreal, Istanbul, Beijing, Tokyo and Singapore. Learn more at www.efma.com

1 Financial NewTechs are StartUps or ScaleUps which provide B2B solutions for financial institutions.

2 A StartUp is a firm that has raised less than 5M EUR/GBP/USD, with a revenue below 500k? in the last fiscal year and that has a B2B live solution already sold and deployed for at least two financial institutions.

3 A ScaleUp is a firm that has raised more than 5M EUR/GBP/USD, a revenue over 500k? in the last fiscal year, have full-time employed management team and a sustainable business traction.


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News published on 29 september 2021 at 03:05 and distributed by: