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Thomson Reuters Announces Winners of 2016 FinTech Innovation Challenge

  • For the first time in APAC region, Thomson Reuters has opened up the Thomson Reuters Eikon platform to collaborate with innovative technology start-ups
  • Zone Startups India, an accelerator operated by Toronto-based Ryerson Futures partnered with Thomson Reuters to drive this challenge
  • The platform will provide access over 500,000 institutional clients to winners of FinTech Innovation Challenge

 

MUMBAI, December 01, 2016 – Thomson Reuters, world’s leading source of trusted answers for businesses and professionals, announced IBSFINtech India, Signzy Technologies, Tataatsu Idealabs and Teligenz Tech Solutions as the winners of its first ever South Asia FinTech Innovation Challenge. The solutions from the four winning start-ups will go through mentorship and practical guidance from Thomson Reuters, before they are on boarded on to the EIKON App Studio.

As the financial industry increasingly turns to open technology standards to drive innovation in a complex business landscape, App Studio on Eikon provides an open platform where professionals can access specialized apps and streamline workflow needs to improve productivity. App Studio allows third parties to blend Thomson Reuters leading news, market data and analytical tools with proprietary research and other third-party data to create apps for their own use or for release to the wider industry – all within Eikon itself.

FinTech Innovation Challenge was launched in September 2016 with an aim to identify and collaborate with innovative technology start-ups, to create a rich and inclusive ecosystem that supports data driven businesses in the financial services industry.

Speaking about the success of 2016 Fintech Innovation Challenge in India, Mr. Pradeep Lankapalli, Managing Director, South Asia, Thomson Reuters, said, “This marks our first significant step in engaging with the financial technology startups in South Asia and we are overwhelmed by the response from this dynamic community. It is particularly stimulating to see how startups are reimagining the industry with innovative solutions. Our deep industry expertise with innovative solutions can enhance the value we deliver to our customers.”

As a part of the challenge, Thomson Reuters received more than 50 applications from start-ups with solutions for the financial services community across asset classes, risk management, RoBo advisory based investment platforms among others. Brief profiles of winning solutions are below:

  1. IBSFINtech India’s solution specializes in niche and innovative end-to-end solution for corporate treasury with exclusive modules for currency, commodity, money market and trade finance.
  2. Signzy Technologies proposition specializes in API based KYC solution largely focused towards the financial sector. The solution allows faster on-boarding of customers, based on automated background checks & validations by connecting with various government data providers.
  3. Tataatsu Idealabs proposed a SaaS based solution to digest and present news in a semantically enriched and contextually relevant fashion.
  4. Teligenz Tech Solutions offered enhanced Trading Capability with pre & post trade analysis and Thematic Portfolio Management. The solution is integrated with Thomson Reuters Feeds and Omnesys OMS Solution.

 

Thomson Reuters

Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, visit www.thomsonreuters.com.

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Brian Pereira

Brian Pereira is an Indian journalist and editor based in Mumbai. He is Editor-in-Chief of Digital Creed, which he founded in 2015. A technology buff, former computer instructor, and software developer, Brian has 27 years of journalism experience (since 1994). He is sound and confident about his knowledge of business technology concepts. And he is a believer in continual education/learning. Brian is the former Editor of CHIP and InformationWeek magazines (India). He has written hundreds of technology articles for India's leading newspaper groups such as The Times of India and Indian Express Newspapers (among others). And he has conducted more than 300 industry interviews during his journalism career. Brian also writes on Aviation, cybersecurity, startups, and topics directed at small and medium businesses. He achieved certifications from the EC-Council (Certified Secure Computer User) and from IBM (Basics of Cloud Computing). Apart from those, he has successfully completed many courses on Content Marketing and Business Writing. Follow Brian on Twitter (@creed_digital) and LinkedIn.

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