FinTech Disrupt Challenge 2017 is inviting start-ups from all over Pakistan to pitch their most innovative ideas from the FinTech space.
Start-ups are encouraged to apply in one of the following five thematic areas:
Access to Financial Services
- Credit Scoring Models
- Formalize savings through need based products
- Digital lending services etc.
- Retail solutions for QR code
- Supply / Value Chain Digitization
- Digitization of online payments , merchant payments etc.
- Smoothening of on-boarding process for a retail merchant
- Enabling Escrow Accounts
- Alternate payment modes other than COD etc.
- Lack of interoperability among m-wallets limits their utility for the most frequently used aspect of customer-oriented transactions in branchless banking, i.e., P2P money transfers etc.
Early stage ideas
- M-Wallet Use cases
- Education of Financial Services through technology
- Customer Engagement / Experience
- Micro Credit
- Digital Savings etc.
10:00AM – 11:00 AM
Registration and arrival of Guests
11:00AM – 11:15 AM
Welcome Note (Director DFS)
11:15AM – 11:30 AM
Key note speaker session 1
11:30AM – 1:30PM
Round 1: (3-5) min pitch presentations(up to 15 applicants) including Q&A – For thematic area 5 only
1:30PM – 2:30PM
Refreshment Break (Lunch)
2:30PM – 2:45PM
Key note speaker session 2
Round 2 (20 min pitch presentations(up to 6-8 applicants) including Q&A – For thematic areas 1-4
4:45PM – 5:30PM
Closing note and winners announcement by CEO Karandaaz
The Karandaaz FDC program provided a platform for homegrown solutions to take root and thrive in Pakistan. We are a technology startup in the digital financial services domain with a key focus on research and development. This grant is helping us take our research project to the masses, that is, providing secure and frictionless biometric identity verification in the digital payments and mobile money space, using a smartphone camera.
It was great to see such a huge turnout, with more than sixty innovative ideas, in the digital
payments technology space, competing with one another. The creative and entrepreneurial
spirit of everyone involved was certainly inspiring.
The Karandaaz FDC grant was a life saver to PublishEX. Not only did the grant allow us to cover our operating and capital costs in order to make our business model a reality but the recognition we received from the fintech challenge gave us the added credibility we needed when approaching our clients.
FDC 2016 was the first event that we attended. Every start up entrepreneur will tell you that you go through stages of uninformed optimism to informed pessimism then to informed optimism and hopefully through to completion. FDC gave us the psychological push we needed to further believe in our idea. More than that it was exciting to see how high the standards are here in Pakistan of young entrepreneurs looking to make a difference. It gave us the opportunity to meet very exciting people we could bounce ideas off. It didn’t feel like a competition but rather a forum where everyone was there to help each other out. We couldn’t be more glad having to enter the challenge.
As a startup you always need some sort of support and in our case FDC has really been helpful towards achieving our objectives. Karandaaz has not only been a financial support for us but they also provided us a platform through which we got a chance to connect with key players of the industry. Overall, our association with Karandaaz has really been amazing and we shall keep on benefiting from this wonderful organization.
FDC 2016 was a wonderful opportunity for fintech startups to showcase the work which they are doing and also to connect with all the experienced and emerging players of the industry. It was really amazing to see the kind of work which startups are doing in fintech industry. Since we were one of the winners of the competition, it gave us strong recognition of our idea and the objective which we are trying to achieve.