Dassault Systèmes 3D FinTech Challenge 2016 Accelerator Program Open for Applications
Digital technology, an enabler for change, is accelerating the transformation in Financial Services to help institutions meet regulatory burdens and drive disruptive innovation. For the fourth consecutive year, Dassault Systèmes, the 3DEXPERIENCE company, has kicked off its 3D FinTech Challenge and opened up the application process. This immersive, seven week FinTech accelerator program identifies, nurtures and accelerates six high performance finalist start-ups whose solutions can address regulatory burden through four themes – stronger collaboration, data visualization, improving a 360 view of the customer and simulation.
“The program brings together key industry players, 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. “Dassault Systèmes has 30 years of technology know-how and experience in helping companies in regulated industries thrive and embrace disruptive innovation in the face of transformation and we’re continuing to bring that expertise to the financial services industry”.
The four themes, selected by in collaboration with over 30 senior investment executives and industry leaders based in London, New York, Paris 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
- 360view 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 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. The solutions will be showcased on the Finals Day on 22nd November 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 3DFinTech Challenge 2016 will run from 5th October to 22nd November out of WeWork, in London, giving 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, please click here.