Applications are due by June 30 for the second annual Detroit Fintech Challenge to take place on Aug. 3 at TechTown in Detroit. The event is designed to identify innovations in the financial services industry.
Hosted by Farmington Hills’ Kyyba Innovations, the Detroit Fintech Challenge brings together early stage startups and entrepreneurs to network and work collaboratively to solve the most pressing corporate financial technology-related problems, and then present them in a competitive style pitch competition.
“We truly see this as a catalyst to drive a community in Detroit around fintech that will help in re-energizing the city and state with a diversified economy leading to economic prosperity for years to come,” says Tel K. Ganesan, managing director of Kyyba Innovations and founder of the Detroit Fintech Challenge.
With many industries relying profoundly on financial transactions, the Detroit Fintech Challenge aims to create an economic impact in Michigan by creating new and innovative financial technologies in leading industries.
Through DFC, fintech entrepreneurs, coders, developers, and other key players and creative minds from across the region will be given a theme/challenge statement category. Finalists from each challenge statement category will present their concept as a part of the Fintech Challenge Pitch Competition.
“The attention for fintech has reached a tipping point and the banking industry is clearly starting to take fintech companies seriously,” says Paul Riser, director of Detroit urban solutions for TechTown Detroit. “While we realize there is no ‘one size fits all’ for fintech, we are making the bet that collaboration and integration are key for a greater Detroit region that is poised to be a leader in today’s hyper-connected technological environment.”
For more information and to register for the DFC, please visit www.detroitfintechchallenge.com.
Check out the May/June issue of DBusiness, out in late April, to learn why DFC founder Tel K. Ganessan is a 2019 Champion of the New Economy.
