Citi Hong Kong today announced that the recipient of Citi Mobile Challenge Asia Pacific “Best Money Manager Solution” award, Mtel, has taken its winning concept to market with the launch of the CreditCheck app in Hong Kong.
Available free on both the iOS and Android platforms, the CreditCheck app offers users the ability to check their credit scores, obtain consolidated summaries of credit accounts across different financial institutions, and explore possible debt consolidation options. The app also features a debt repayment calculator and a payment calendar with a reminder function.
In 2015, Citi invited fintech developers with innovative ideas to compete in the Citi Mobile Challenge, the next-generation accelerator program that attracted overwhelming participation from thousands of developers from over 100 countries.
The Asia-Pacific leg of the Citi Mobile Challenge was launched in August 2015, following previous successes in EMEA, Latin America and the U.S. Shortlisted teams from 15 countries presented 72 working prototypes to Citi’s executives and technology influencers at four demo days held in Bengaluru, Singapore, Sydney and Hong Kong. Shortlisted entries were evaluated based on the prototypes’ impact, viability, user experience and functionality.
“Citi Mobile Challenge was an extraordinary program through which we identified new digital solutions that can be integrated into our business and products to enhance the banking experience of our clients,” said Choong Yu Lum, Head of Cards and Unsecured Lending, Citibank Global Consumer Banking.
“We are excited to have had the opportunity to play an integral part throughout the development process of CreditCheck, from concept design and refinement, production and protocol testing to eventually bringing this innovative solution to market,” Lum continued.
“The immense support that we received from Citi has enabled us to turn our idea into reality,” said Jeff Chau, Chief Technology Officer at Mtel. “Citi has a strong track record in using technology innovation to enhance how it serves clients. We hope that the new CreditCheck app will bring about positive changes to the way people manage their finances.”