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Banking & Finance

Citi Mobile Challenge Launched

Released at: 14:23, 29/07/2015

Citi Mobile Challenge Launched

Asia-Pacific Challenge promotes digital and mobile innovation in banking.

by Doanh Doanh

Citi has launched the Citi Mobile Challenge in Asia-Pacific, part of its drive to foster digital and mobile innovation in banking.

The Citi Mobile Challenge is a next-generation accelerator that combines a virtual hackathon with an incubator, a worldwide network of FinTech experts, and Citi’s unparalleled global sponsors and clients to discover solutions across more than 100 markets.

Developers from Asia-Pacific (including Vietnam) and around the world are invited to build innovative solutions that are capable of running on Citi’s digital platform globally.

Registration for the Challenge will begin on August 19 and selected participants will demonstrate their concepts at events in Bangalore, Hong Kong, Singapore, and Sydney.

“From credit cards to ATMs, Citi has a history of embracing new technologies to transform how it serves clients," said Mr. Francisco Aristeguieta, Citi’s Asia Pacific CEO. "In Asia, recent examples of Citi’s legacy of innovation include the launch of Citi Smart Banking and the Citibank Express – new innovations that have since been rolled out globally. Asia is home to a fast growing FinTech community, and this initiative will help accelerate and uncover new and exciting opportunities for Citi to develop transformational approaches to banking."

A panel of industry experts and financial technology leaders will evaluate the solutions at each event.

Finalists compete for an opportunity to take their technologies into production with Citi’s support, a share of $100,000 in cash awards, and a suite of services from Citi Mobile Challenge sponsors, including the opportunity to participate in accelerator programs and receive mentoring, office space, and investment.

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