French software firm Dassault Systemes is holding the third edition of its financial technology accelerator. Dubbed the 3D FinTech Challenge, its seven-week program will address the impact of increased regulatory oversight across the industry.
Blockchain technology startups will be among the disruptive technology candidates that Dassault will select for its accelerator program, which will run from September 16th – November 3rd, 2015, for the third consecutive year in London.
Guillaume Dufour, Vice President, Financial and Business Services Industry, Dassault Systèmes, stated:
Since the 2008 global financial crisis, the financial services industry has witnessed significant customer dissatisfaction due to regulatory burdens and complexities, and this is forcing the industry to adapt and evolve. Dassault Systèmes has 30 years of technology know-how and experience in helping companies in regulated industries embrace disruptive innovation and change. The 3D FinTech Challenge enables us to collaborate with the financial industry, share our heritage and drive customer centric innovations that help institutions thrive in the face of industry transformation.
According to the company, this year’s theme was selected by senior executives from leading financial institutions, who will also select the six finalists who will benefit from master classes, ongoing commercial mentoring from Dassault Systèmes and leading global financial institutions, as well as technical and legal support.
On November 3rd, 2015, the finalists will present their solutions to judges, who will include financial executives, experts, venture capitalists, regulators, journalists and government officials. The winner will receive additional mentoring and networking opportunities from the global financial services ecosystem to accelerate its development.
A key difference with this year’s 3D FinTech Challenge is that Dassault Systèmes is hosting the program in partnership with Deutsche Börse, a leading global data and technology service provider for the securities industry. Unlike other accelerator programs, Dassault Systèmes and Deutsche Börse do not take equity in the startups. Invest Northern Ireland returns as sponsor.
Brendan Bradley, Chief Innovation Officer, Deutsche Börse, added:
For the last two consecutive years, I have mentored finalist teams on the 3D FinTech Challenge and witnessed the positive outcomes achieved during the program. In our bid to drive customer centric and disruptive innovation, Deutsche Börse is proud to strengthen its commitment to the next wave of high-performance startups and participate as a partner in the 3D FinTech Challenge 2015.
The 3D FinTech Challenge 2015 will be hosted at Level39, Europe’s largest accelerator hub for high-performance startups in financial services, located in London’s Canary Wharf.
Interested startups worldwide must apply by August 22nd, 2015 on the competition’s website.