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AppDate: Reserve Bank to choose fintech winner

This week, SEAN BACHER highlights the Global Fintech Hackcelerator, Fortnite’s skin for the Samsung Galaxy Note 10, Standard Bank and iiDENTIFii’s partnership, WRAPP and Zulzi’s latest expansion.

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SARB to choose Global Fintech Hackcelerator winner

The South African Reserve Bank will host a Fintech Demo Day on 29 October 2019 to select two winners from 12 innovative and sustainable fintech solutions shortlisted for the Global Fintech Hackcelerator @ Southern Africa.

In August, SARB joined forces with KPMG Matchi to run the 2019 Global Fintech Hackcelerator @ Southern Africa, an acceleration programme that creates a platform for fintech firms to demonstrate their innovative solutions to complex financial challenges in the Southern African region. Fintech firms from all over the world were invited to submit an application in response to problem statements constructed in collaboration with SARB. 

The regional hackcelerator received 95 entries from interested fintech firms located across the globe.  The 12 shortlisted respondents will showcase their solutions at the Fintech Demo Day at the end of this month in Johannesburg. 

Each Global Fintech Hackcelerator @ Southern Africa 2019 winner will receive the following:

  • A stipend towards travel expenses to attend the 2019 Singapore Fintech Festival
  • An opportunity to pitch their solution live during the Hackcelerator Demo Day at the 2019 Singapore Fintech Festival and engage with industry experts
  • Funding to develop a contextualised proof of concept, to be deployed within a year from the demo day
  • An opportunity to work with high-value corporates to contextualise a solution to their needs, while obtaining market entry into the Singapore and Asia-Pacific region.

The top three winners at the Singapore Fintech Festival will each receive a cash prize.

For more information on the Global Fintech Hackcelerator click here.

Click here to read about a Fortnite exclusive for Samsung Galaxy Note 10 users, and Standard Bank’s new way of identifying its customers.

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