28 August 2015 – UBS yesterday launched The UBS Future of Finance Challenge in Singapore, a competition for technological ideas and solutions ideas that can improve the banking industry. Through this competition, UBS hopes to cultivate potentially disruptive technological ideas and solutions from entrepreneurs and technology start-ups to support a more open and collaborative financial services industry. Global launch events were also held across New York, London and Zurich.
As the financial industry faces disruption and rapid technology change, UBS seeks to further progress by searching for solutions to four challenges for banks going forward: delivering the ultimate client experience, offering superior products, building an efficient operating model and ensuring security in banking.
Held at Plug-In@Blk71, about 90 incubators, start-ups, tech-related organisations attended this briefing session to understand objectives and process of the competition. Our panel of experts talked about how UBS innovates and how we will apply our expertise to help the winning entrants refine their ideas and bring them towards fruition.
Rewards for the regional and global finalists include cash prizes and acceleration opportunities worth over USD $300,000 and over 300 hours of dedicated coaching and mentoring from UBS experts and partners.
Entries should be submitted at www.ubs.com/innovate. The deadline for submissions is September 23, 2015.
- Participants will be divided into 4 regions: Asia-Pacific (including Japan and Australia), EMEA (Africa & Western Europe), EMEA (Central and Eastern Europe, Middle East & Russia) and Americas.
- A maximum of 15 participants per region will be shortlisted to attend Immersion Workshops in either Singapore (November 2 & 3), London (November 5 & 6), New York (November 9 & 10) or Zurich (November 12 & 13).
- Three regional winners from each region will be selected to do a Final Pitch at the Global Final to be held in Zurich on December 10, 2015.
- All participants must attend the Immersion Workshops / Global Final in person.