Innovate Finance, the membership association for UK’s global FinTech sector, has revealed the winner of Pitch360, its FinTech startup competition which took place during the 2018 Innovate Finance Global Summit.
The top prize was awarded to Exate Technology, a data privacy solutions firm that pitched under the RegTech Category. Exate Technology was granted the £10,000 cash prize closing the second day of the summit.
The winner will also receive complimentary membership to Innovate Finance, tickets to the 2019 Innovate Finance Global Summit and the opportunity to access top policy, PR and advice. Exate Technology will also be the first organisation to be accepted onto the expanded Global FinTech Mentors Program from Innovate Finance partner Hogan Lovells.
Pitch360, which was sponsored by Intel, saw contestants pitch for six minutes in front of a global audience in the Great Hall at the Guildhall. The finalists represented eight categories: AI, Banking/Enterprise solutions, Distributed Ledger Technology, Financial Inclusion, Payments and FX, P2P/Alternative Lending, Personal Finance management/Robo-advise and RegTech.
Winners of the individual categories include:
Banking Enterprise: Akoni
Financial Inclusion: Trezeo
Payments and FX: Divido
RegTech: Exate Technology (*Overall Winner*)
Personal Finance: pia
Judges for the event included Andrei Brasoveanu, Vice President of Accel Partners, Bipin Sahni, EVP, Head of Innovation and R&D, Innovation Group at Wells Fargo, Catherine Wines, Co-Founder of WorldRemit, Dejan Kusalovic, Global Head of FinTech Enabling, Intel Corporation and Henry Ritchotte Founder of RitMir Ventures.
Pitch360 judge Catherine Wines, Co-Founder WorldRemit said, “The range and depth of the presentations were amazing and demonstrated that the FinTech sector is really buoyant. Well done to all the participants and big congratulations to the winner, Exate. Their proposed solution to data is very relevant in the current environment.”
Winner of Pitch360, Peter J. Lancos, CEO Exate Technology, said, “We are thrilled to have been selected as the winner for the RegTech and Best Overall categories at the IFGS Pitch360. This is a great validation of both the importance of data privacy, as well as our solution.”
Commenting on Pitch360, Charlotte Crosswell, CEO of Innovate Finance, said, “The talent seen at this year’s Innovate Finance FinTech startup competition, Pitch360, is testament to the UK’s position as the FinTech capital of Europe. The rapid rise of FinTech as a sector has disrupted every aspect of financial services as we know it and these new technologies are continuing to push the industry to the forefront of innovation. We are delighted to support Exate in maximising their growth potential and to help the industry evolve and move forward.”
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About Innovate Finance
Innovate Finance is an independent membership association that represents the UK’s global FinTech community. Founded in 2014 and supported by the City of London and Broadgate, Innovate Finance is a not-for-profit whose mission is to accelerate the country’s leading position in the financial services sector by directly supporting the next generation of technology-led financial services innovators. More than 250 global members have joined the Innovate Finance ecosystem to date, ranging from seed stage startups to global financial institutions and professional services firms. All benefit from Innovate Finance’s leading position as the single point of access to promote enabling policy and regulation, talent development, business opportunity and growth, and investment capital. By bringing together the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more sustainable, more inclusive and better for everyone.
About Exate Technology
Exate Technology’s data privacy platform allows for attribute level data protection. In addition, it provides for the secure cross-border transfer of data, either within a single firm, or across multiple firms. The solution is available on both the client side (to protect information on the desktop), as well as the server side (to protect data flowing through APIs). All data access requests are stored, providing immutable forensic proof of who viewed (or attempted to view) the data. This provides clients with a solution to data privacy regulations, as well as “data about their data”.