Empowering and accelerating customer centric innovation
Kalypton was named winner of the 3D FinTech Challenge 2016. Their product enables operators to remove settlement lags and risks in real time payments and trading to ensure trust in all transaction records, to interconnect new and legacy systems via APIs, to handle data in any format consistently and to enable smart contracts in real time. The 3D FinTech Challenge accelerator program identifies and nurtures 7 high performance start-ups that can potentially transform and reshape the Financial Services Industry. The 7 week program is an integral element of Dassault Systèmes’ drive to reduce complexity in the face of increasing regulation and to enable customer centric innovation.
The 2016 Themes: Empowering Customer Centric Innovation In The Face Of Regulation
This year main topic was focused on how technology can reduce regulatory burden through four main themes:
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
3D FinTech Challenge Mid Term Views
2016 Winner: Kalypton
The program offered:
Mentoring by senior executives from leading global financial institutions
Immersive curriculum of master classes given by domain experts, covering UX & interface design, intellectual property rights, marketing, licensing agreements, legal structure and pitching and presentation best practice.
Full access to WeWork, a vibrant community of entrepreneurs, start-ups and investors, networking opportunities and events in the heart of London, the World's leading financial and fintech capital.
Opportunity to showcase solutions to an audience of venture capitalists, private equity firms, industry experts and senior Financial Services executives and journalists.
The 3D FinTech Challenge is a key element of Dassault Systèmes’ drivers to reduce complexity in the face of increasing regulation and enables customer centric innovation across the Financial Services Industry.
The program differs from other technology challenges as Dassault Systèmes does not take equity from the start-ups. Senior executives from Dassault Systèmes and leading figures from the Financial Services Industry provide on-going mentoring throughout the program whilst master classes are given by domain experts to enable the 7 challenge finalist to accelerate into truly sustainable companies.
Key Capabilities & Benefits
Worldclass mentoring from senior executives and domain experts from leading institutions
Opportunity to pitch your solutions to the Industry on Finals Day
Access to WeWork’s global community of 40,000, networking opportunities and dynamic office space in the heart of London
The winners will receive additional mentoring and introductions to our partners’ and the Challenge mentors’ networks, across other key global FinTech hubs
Enrolment into the IBM Global Entrepreneurial program, giving access to free cloud hosting
Support from University College London's (UCL) top post-graduates to cover resources or technical gaps.
Imagine a world
Dassault Systèmes is committed to open innovation that facilitates a collaborative industry approach to foster entrepreneurship and innovation that help meet regulatory requirements and improve the customer experience in the Financial Services sector.
By combining the vision of entrepreneurs, leading industry participants (institutions, experts and regulators) and Dassault Systemes' deep rooted experience as an innovator in other regulated industries, we have a unique opportunity to look at the world differently, to collaborate and transform the Industry for the better.
The 3D FinTech Challenge demonstrates how technology innovation has the potential to empower industry players and regulators, improve common understanding, reduce regulatory risk and compliance costs and shape the investment journey
Guillaume DufourVice President, Financial and Business Services Industry, Dassault Systèmes