FinTechCiti TTS launches Fintech Challenge for Middle East and North Africa

Citi TTS launches Fintech Challenge for Middle East and North Africa

The MENA Fintech Challenge is inviting Fintechs from Middle East & North Africa who are focused on addressing key client challenges.

Citi Treasury and Trade Solutions (TTS) Middle East & North Africa (MENA) has launched a MENA Fintech Challenge designed to enable fintechs demonstrate and develop their solutions around several banking and treasury challenges.

The Citi MENA Fintech Challenge offers the region’s fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements:

  • Digitizing Cash Collections
  • Assured Payments
  • B2B2C Enablement
  • Digitizing Trade Processes

Key Dates

  • Last date of submission: 10th July 2019
  • Shortlisted Fintechs to be notified: 11th August 2019
  • Engagement & Virtual Collaboration: 11th August – 8th September 2019
  • Citi MENA Fintech Challenge Day: 9th September 2019
  • Global Finance Conference: 10th September 2019

Citi will vet the submissions through calls, in-person meetings and evaluations of your solutions over the coming months. Shortlisted Fintechs will get the opportunity to work with Citi TTS on these challenges and showcase their designed solutions to executive sponsors at the Citi TTS MENA Fintech Challenge Day on 9th September 2019. Finalists will also be invited on 10th September 2019 to Global Finance’s Digital Bank & Innovator conference in Dubai, UAE. Finalists will be awarded an opportunity to work with Citi in developing a market-ready solution by March 2020.

Emre Karter, Treasury and Trade Solutions Head, MENAPT, Citi said: “We are calling fintechs with relevant innovative solutions, ranging from existing enterprises to early stage start-ups, to participate in this challenge. The launch of this challenge is an important milestone in our quest to uncover innovative solutions for our clients. By offering the fintech community the opportunity to showcase their ideas, we hope to contribute to the development and growth of fintech companies in the region.’’

For more information on the challenge, including details of how to apply, click here.

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