Applications are now open for the Funded SARB Global Fintech Hackcelerator Competition 2019. The South African Reserve Bank calls fintech firms to submit their innovative.  Also sustainable solutions to challenges identified within the financial services industry.

The Global Fintech Hackcelerator, powered by KPMG Matchi, is a fintech acceleration programme. Further,  that creates a platform for fintech firms to demonstrate their innovative solutions to complex financial challenges. In the Southern African region. Fintech firms from anywhere in the world can apply to participate in the programme, to address problem statements constructed by the SARB.

The SARB views such global fintech acceleration programmes as enabling processes to embrace fintech. Further, while affording the opportunity for regulators to appraise benefits. As well as risks in a balanced manner. Shortlisted respondents will be invited to showcase their solutions at the Southern African Demo Day on October 29, 2019 in Johannesburg, South Africa. Further, Demo Day will seek to explore sustainable financial services innovations that must address real-world financial services challenges. On Demo Day, a panel of judges from the SARB and the Financial Sector Conduct Authority, as well as local industry experts, will select and announce two winning solutions.

Prizes

Each Global Fintech Hackcelerator @ Southern Africa 2019 winner will:

• Receive a stipend towards travel expenses to attend the 2019 Singapore Fintech Festival;
• Get an opportunity to pitch their solution live during the Hackcelerator Demo Day at the 2019 Singapore Fintech Festival and engage with industry experts;
• Receive funding to develop a contextualized proof of concept, to be deployed within a year from the Demo Day; and
• Likewise. Work with high-value corporates to contextualise a solution to their needs. While obtaining market entry into the Singapore and Asia-Pacific region.
• Over and above the Global Fintech Hackcelerator @ Southern Africa gains, the top three winners at the Singapore Fintech Festival will each receive a cash prize.

Eligibility

• • Fintech firms from anywhere in the world can apply to participate in the programme, to address problem statements constructed by the SARB.