French software house Dassault Systèmes is to sponsor a '3D Fintech Challenge' at Canary Wharf-based accelerator space Level39 in a bid to find new applications for integrating disparate data sets within financial services firms.
The contest will offer up to seven 'high-potential' technology start-ups incubation space at Level39, mentoring from financial institutions and investors and multiple prizes. These prizes include cash and resource to develop innovative prototypes.
Eric van der Kleij, head of Level39 points out that financial organisations have a multitude of siloed systems and applications for different aspects of client data, including capital exposure, risk and identity. He says paticipants will be tasked with identifying innovative ways in which banks can gain a true 'single view' of client data from all perspectives.
"The 3D perspective and innovation that Dassault's acceleration programme will foster brings a powerful and fresh approach to financial services and big data," says van der Kleij
The programme is set for launch in Q3 2013.