Innotribe, financial messaging provider SWIFT’s initiative to enable collaborative innovation in financial services, has announced the first Latin American ‘Innotribe Startup Disrupt’ event, in conjunction with Next Bank LatAm.
Aimed at Latin American-based financial technology start-ups, the competition will be held at the Next Bank LatAm event on 21-22 November 2013 in Bogotá, Colombia to recognise new disruptive companies with the potential to transform the financial services industry.
The two partners will select up to ten start-ups to showcase their businesses to an audience of the financial industry’s most influential executives, entrepreneurs and investors.
The winning start-up will receive a demo slot at the Innotribe space at the Sibos 2014 conference in Boston next September; a spot at the 2014 Innotribe Startup Challenge semi-final for the Americas in New York; and 30 days co-working space at the 13 academies of Wayra, including support from its network.
Furthermore, the top three startups selected by the panel will each receive significant exposure to the SWIFT member community including: a demo slot at the SWIFT Latin American Regional Conference 2014; curated webinars to the fintech community organised by Innotribe/SWIFT, and media visibility through the large Innotribe network that includes financial industry decision makers and investors.
Innotribe Startup Disrupt is open to any Latin American fintech start-up:
- Up to a maximum of three years old.
- With a go-to-market ready product.
- With less than €1m funding obtained in the last 12 months, and with an annual turnover of less than €1m.
Interested start-ups can apply to Innotribe Startup Disrupt at www.innotribestartupdisrupt.com and applications will remain open to midnight on 31 October 2013.
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.