Dassault Systemes unveils seven finalists for KYC/AML start-up challenge
Dassault Systemes’ magnificent seven arrive
French software firm Dassault Systemes has named the seven finalists for its “3D FinTech Challenge” 2016 to address anti-money laundering (AML) and Know Your Customer (KYC) issues.
This is its fourth annual accelerator programme in collaboration with senior finance executives, regulators and “influencers”. As Banking Technology reported in August, Dassault Systemes invited start-ups to apply.
The seven start-ups were selected from a global shortlist of applications. The lucky few are based in Finland, France, Russia, Singapore, the UK and the US, and “demonstrate the industry’s efforts to develop global disruptive solutions addressing regulatory requirements that vary by country”.
The finalists are:
- Cyoda: Scalable big data technologies designed for capital markets operations that enable bank-wide regulatory and risk reporting.
- Detech: Financial management solutions for computing long-term strategies that prepare financial institutions for multiple economic scenarios simultaneously.
- Infotrie: Engine to automatically read, analyse and index unstructured financial data using big data and machine learning technologies.
- Kalypton: Technology for real-time services, clearing and settlement of transactions at scale with distributed trust in private ledgers and data management.
- Matchupbox: Data-based platform for financial companies to provide tailored offers.
- ObjectTech: Solution to provide control and ownership of identity data that was built and tested in collaboration with financial institutions, law firms and government.
- WealthKernel: Automated wealth management solutions for institutional clients and independent financial advisors.
The seven-week accelerator programme is underway in London, and the start-ups get access to Dassault Systemes 3DExperience platform and 3DExperience lab, a curriculum of “industry domain master classes”, and mentoring by senior executives from Dassault Systemes and global financial institutions.
The winner will be named on 22 November, the final day of the programme at Level39 in Canary Wharf, London. Dassault Systemes adds that it does not take equity in the start-ups.
