Innotribe Startup Challenge Finalists prepare for the Finale at Sibos 2015 Singapore

As part of Sibos 2015 Singapore, the Innotribe Startup Challenge Finale will take place on Wednesday 14 October.

This year, over 370 companies applied to the Startup Challenge, with 60 companies selected to enter the programme.

During four regional showcases in London, Cape Town, Singapore and New York, these companies presented their business ideas to an audience of more than 800 industry experts, VCs, representatives from leading financial institutions, and bank decision-makers who selected the 20 finalists – 12 early-stage and 8 growth-stage companies – advancing to the Finale at Sibos.

You can access all details about the 20 finalists at Sibos on Innotribe’s website .

As in previous years, the 12 early-stage finalists will pitch and showcase their business ideas to Sibos delegates who will select this year's winner. A cash prize of US$50,000 will be awarded to the winning early-stage finalist.

For the first time this year, the remaining eight growth-stage finalists will host individual exhibition booths on the Innotribe stand at Sibos and have the opportunity to give live product demos to Sibos delegates throughout the week.

Fabian Vandenreydt, Head of Markets Management, Innotribe and the SWIFT Institute at SWIFT says: "Since 2011, the Innotribe Startup Challenge has brought the SWIFT Community in direct contact with more than 650 FinTech startups from around the world.”

“This programme not only supports community engagement, but also enables SWIFT and its member institutions to stay abreast of current innovation activity in today's fast changing landscape. Innotribe was one of the initial facilitators to help accelerate and spread the first wave of FinTech innovation across the industry, and we will continue to play an important role in this process."

The Innotribe Startup Challenge Finale is open to all Sibos participants and is sponsored by Deutsche Bank, HP, IBM, Invest NI, Level39, Luxembourg for Finance, and Wells Fargo.

For all information about the full Innotribe programme at Sibos 2015 Singapore, please visit sibos.com .