For the the next month or so, we’re calling a bunch of Finovate alums the “Awesome Eight”. Citi revealed the finalists for its Tech for Integrity Challenge (T41) Demo Days competition last week. And out of the more than 1,000 entries, eight of the 103 finalists are alumni of Finovate and/or FinDEVr conferences.
Speaking at the launch of the Tech for Integrity Challenge earlier this year, Citi global head of the public sector group in charge of corporate and investment banking, Julie Mocaco said, “By supporting open innovation and providing innovators with the tools they need to develop ideas, we hope to help solve some of the biggest challenges that the public sector faces.”
The Challenge encourages technology companies to develop solutions that “promote integrity, accountability, and transparency in the public sector.” Competition organizers crowd-sourced a set of “pain points” ranging from financial transactions and information security to analytics and financial crime to provide contest participants with potential “solution areas” in which to innovate. The 103 finalists are presenting their pilot-ready technologies at live demonstration events in Abu Dhabi, UAE; Dublin, Ireland; Mexico City, Mexico; Buenos Aires, Argentina; Singapore; and Hyderabad, India from mid-May through mid-June.
Here’s a look at the eight alums. Click on the company logo to visit their website.
- Headquartered in Santa Monica, California
- Founded in 2015
- Raised $250,000 in funding
- Jared Tate is President
- Demoed at FinovateSpring 2016; Presented at FinDEVr 2016 New York
- Headquartered in Sydney, Australia
- Founded in 2014
- Nick Armstrong is CEO and co-founder
- Demoed at FinovateFall 2016
- Headquartered in London, UK
- Founded in 2011
- Andrew Bud is CEO
- Demoed at FinovateEurope 2017
- Headquartered in Cupertino, California
- Founded in 2012
- Raised $20 million in funding
- Subrah Iyar is CEO
- Demoed at FinovateSpring 2017
- Headquartered in San Jose, California
- Founded in 2014
- Jeff LoCastro is CEO and co-founder
- Demoed at FinovateSpring 2017; Won Best of Show
- Headquartered in Ranana, Israel
- Founded in 1986
- Publicly traded with market capitalization of $4.4 billion
- Barak Eilam is CEO
- Demoed at FinovateEurope 2015
- Headquartered in San Francisco, California
- Founded in 2016
- Investors include Base Ventures, Mission and Market, NewGen Capital, Y Combinator
- MacLane Wilkison is CEO
- Presented at FinDEVr 2017 New York
- Selected to present at FinDEVr 2017 London
- Headquartered in Vancouver, British Columbia, Canada
- Founded in 2011
- Raised $23.3 million in funding
- Stephen Ufford is CEO and founder
- Demoed at FinovateFall 2016; Presented at FinDEVr 2014 Silicon Valley
See the full list.
Winners of the Citi Tech for Integrity Challenge will be announced in June. One or more finalist will receive a cash award as the Global T4I award recipient(s). The Demo Days events will also feature Audience, Peer’s Choice, Citi and Ally awards, as well. Partnering with Citi as strategic allies are companies including IBM, Microsoft, Facebook, Let’s Talk Payments, pwc, Clifford Chance, and Mastercard.