Level39, Canary Wharf Group's accelerator initiative, has today announced the six finalists chosen to participate in the 3D FinTech Challenge 2013, an accelerator programme focused on technology innovation in the financial services industry.
The programme organised in partnership with Dassault Systèmes, the 3DEXPERIENCE Company with an enviable track record in innovation, will commence on 23rd September for 6 weeks until 1st November at Level39.
The 3D FinTech Challenge 2013 is designed to identify, nurture and accelerate entrepreneurial companies focused on innovative products and solutions which enable true 'single views' of client data and allow organisations to gain better insight into making identity, risk and exposure decisions.
The winner will be awarded a cash prize of £15,000 and invited to participate in Dassault Systèmes' 3DEXPERIENCE Customer Forum in Las Vegas in November 2013, where they will showcase their product to over 200 major global corporations.
The six finalists - chosen from over six countries via a panel of executives from leading London-based financial services organisations are Conatix, Kusiri, ACE Consensus, Logical Glue, LBM & Intrepid.
They will be offered on-going mentoring from Dassault Systèmes' senior executives and members of London's financial services community, to help shape the products and technologies being developed. Additional master classes will be provided by senior professionals, covering topics like UX & interface design, intellectual property rights and licensing agreements.
The finalists will also become full members of the Level39 community of entrepreneurs, start-ups and high growth companies. Membership will enables access to leading corporations, investors, mentors and network events in one of the world's premier business and shopping districts with more than 240 cafes, bars, shops and restaurants. Finalists will also have the opportunity to take office space at Level39 at preferential rates on conclusion of the programme.
Eric Van Der Kleij, Head of Level39, Canary Wharf Group plc said: "The challenge theme has been steered by our discussions with the financial services community, who more than ever need a complete "single view of f client" to address regulatory and operational challenges. By supporting startups and entrepreneurs, this accelerator programme will source and develop solutions that will drive client engagement, increase transparency in decision making, and help financial services organisations meet new regulatory challenges."
Kevin Pleiter, Vice President of Financial and Business Services, Dassault Systèmes said, "We are excited to partner with Level39 and the financial services community to bring our culture of innovation to the heart of London's dynamic, international financial services sector. Over the duration of the programme, we will bring our innovation heritage that has helped transform many highly regulated, complex industries."
Claire Cockerton, Head of Innovation Programmes, Level39, Canary Wharf Group plc said: "We are very excited by the reach and interest that this programme has received from the entrepreneurial community, and were very pleased to receive applications from over 6 different countries across Europe. By including ongoing input and feedback from members of London's vibrant financial services community throughout the programme, the 3D FinTech Challenge will deliver solutions that have direct relevance towards addressing the challenges that financial institutions currently face."