Application Deadline: midnight on 8 September 2019.
Applications for the Global Fintech Hackcelerator @ Southern
Africa are open. The South African Reserve Bank calls fintech firms to
submit their innovative and sustainable solutions to challenges
identified within the financial services industry.
The
South African Reserve Bank (SARB) today launched the 2019 Global Fintech
Hackcelerator @ Southern Africa competition. The Global Fintech
Hackcelerator, powered by KPMG Matchi, is a fintech 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 anywhere in the world can apply to
participate in the programme, to address problem statements constructed
by the SARB.
The SARB views such global fintech acceleration
programmes as enabling processes to embrace fintech, while affording the
opportunity for regulators to appraise benefits and risks in a balanced
manner.
Shortlisted respondents will be invited to showcase their
solutions at the Southern African Demo Day on 29 October 2019 in
Johannesburg, South Africa. The Demo Day will seek to explore
sustainable financial services innovations that must address real-world
financial services challenges.
On the Demo Day, a panel of judges
from the SARB and the Financial Sector Conduct Authority as well as
local industry experts will select and announce two winning solutions.
Each Global Fintech Hackcelerator @ Southern Africa 2019 winner will:
- receive a stipend towards travel expenses to attend the 2019 Singapore Fintech Festival;
- get an opportunity to pitch their solution live during the Hackcelerator Demo Day at the 2019 Singapore Fintech Festival and engage with industry experts;
- receive funding to develop a contextualised proof of concept, to be deployed within a year from the Demo Day; and
- work with high-value corporates to contextualise a solution to their needs, while obtaining market entry into the Singapore and Asia-Pacific region.
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