TechChallenge

AWARDS

Best Problem Statement Solution 1

Winner: PricewaterhouseCoopers Consulting Hong Kong Limited

Runner Up: eCom Asia Ltd

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Best Problem Statement Solution 2

Winner: Business Big Data Inc.

Runner Up: WeBank Co., Ltd. 

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Best Problem Statement Solution 3

Winner: iLoan

Runner Up: essDOCS 

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Best Governance, Risk & Compliance Solution

Winner: Standard Chartered Bank and HKU-SCF Fintech Academy

Runner Up: Sedicii

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Best Public Good Award

Winner: HashKey Group

Most Impactful Project Award

Winner: Refinitiv 

Runner Up: OneConnect Financial Technology Co., Ltd.

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Startup Grand Award

Winner (Gold): Linklogis International Company Limited

Winner (Silver): FreightAmigo Services Ltd 

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Best Digital Identity Solution

Winner: KYC-Chain

Runner Up: EMALI.IO LIMITED

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Best SME Invoice Solution

Winner: Velotrade Management LImited

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Most Innovative Award

Winner: Forms Syntron Information (HK) Limited

The selection of finalists is based on the criteria set out in the Information Pack. It should not be read as legal, regulatory or other form of endorsement by the organisers or the judges and does not constitute investment advice.

Co-organised by

Managed by

In partnership with

In collaboration with

Global Fast Track Programme

PANEL JUDGES

PROBLEM STATEMENTS

Trade finance is a complex topic with insufficiently harmonised digitisation across the value chain. By the same token, there is no single solution that can solve all the pain points. To leverage the diversity of innovation and digitisation under way on this topic globally, solution providers are free to suggest any technology approaches they consider suitable to address one or more of the problem statements, including decentralised approaches based on blockchain/ Distributed Ledger Technologies (DLT).

While potential technology solutions are included for illustrative purposes under each problem statement, technology providers may propose other technology solutions to digitise trade finance. Additional points will be given for transformational proposals, open-sourced technology, and technology that can become part of core infrastructure or otherwise become a public good of one or more jurisdictions or of the central banking community.

Though such is not a requirement, solution providers may leverage international initiatives such as the Digital Standards for Trade Initiative which works to develop digital standards for the trade ecosystem; the Global Legal Entity Identifier (LEI) system which issues unique identifiers for large and small firms at low cost and helps to improve transparency on anti-money-laundering and know-your-customer concerns; and the United Nations efforts to enable electronic commerce and signatures.

TIMELINE

3 Aug - 7 Sep 2020: Proposal  Submission

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Download the Information Pack to fully understand the requirements and submit your proposal along with the Application Form to info.TechChallenge@finnohub.org

Sep - Oct 2020: Evaluation

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All proposals will be evaluated by the Panel Judges in a fair and just manner;

for detailed judging criteria, please refer to the Information Pack

12 - 14 Oct 2020: Interviews

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Shortlisted solution providers will be invited to present their proposals to the organisers and the Panel Judges 

Nov 2020: Hong Kong FinTech Week

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Winning solutions will be invited to showcase at the Hong Kong FinTech Week