Sca Fintech Megathon

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SCA FINTECH MEGATHON

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SCA Fintech Megathon – Timeline

Launch Scouting Bootcamp Demo Day Winner

Registration for the Fintechs can start For hackathons a 2-day Final pitch offs in front of Assessment of pitches
different problem applying for the bootcamp with series judges, business owners and winner's
statements are open for hackathons and sessions, workshops and from sponsoring announcement of each
Fintechs challenges until trainings institution, subject matter partner
submission deadline experts and regulators

Round 1 May 2021 May – June 2021 July 2021 Aug 2021 Aug 2021

Benefits of the
Innovation Networking Discovery Awareness
Megathon

Partners

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The SCA Fintech Megathon – Key Focus themes

Digital tools that asset managers can use to improve the performance of assets under
Asset Management/Investment
management; more effective and efficient distribution strategies; improve
Advisory segmentation and targeting of key customer groups

Software and solutions that enable multi-exchange cryptocurrency trading with


Digital Asset, Crypto Exchanges advanced crypto tools for managing trades, monitoring markets, and keeping track of
portfolios across different exchanges

Crowdfunding platforms or solutions that enable raising funds for a project or cause
Crowdfunding through a large group of people online. Individuals or small businesses can take
advantage of it to get early-stage support for their ideas.

Trading platforms or tools to allow digital and instant trading of forex, as well as other
Forex investments. The solution should also allow clients to monitor the forex markets, plan
strategies, and implement it in one convenient, easy-to-use, and integrated place.

Electronic KYC tools to speed up the remote on-boarding of new clients and, following a
E-KYC risk-based approach, reduce barriers to formal financial services. Especially for the youth,
women, refugees, and less literate, this can even be of high importance.

Improve traditional SME lending and expand SMEs’ access to credit using new technologies
SME Financing and big data through process automation, innovative use of technology and data sharing
and enhanced credit guarantee programs

Banking the unbanked and offering women and housewives banking services.
Financial Inclusion Educational tools and apps for youth, seniors on financial management

Financial institutions need to optimize the monitoring of individual transactions and


Suptech & Regtech identify deliberate misconduct during the onboarding and servicing of customers.

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SCA Fintech Megathon – Snapshots

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SCA Fintech Megathon – Round 1 Key Themes

Investors Financial Literacy and Enhancing Financial Inclusion AI for Hyper-personalized Investment Promotions/Offers

Unlike retail investors, institutional investors are more diverse, AI enables data to be processed at a far quicker rate and has an
complex and knowledge and have the resources and specialized almost infinite number of applications across sectors. When used
expertise for extensively researching a variety of investment with investors, whether novice or seasoned, AI can curate and serve
opportunities. Hence there is need of a toolkit or a product based up the right investment promotions/offers. This allows Financial
on artificial intelligence for retail investors for collecting and Institutions, like UAB, to offer top-notch experiences through their
analyzing exchange and trading data to help fill the knowledge gap, interactive channels. The key objective is to offer a personalized
enhance financial literacy, and facilitate better investment choices experience to their investors and ensure that promotions are finely
for retail / non-institutional investors. tailored to their investment and financial goals, spending habits,
demographics, and interests. This will ensure that the right product
promotions are matched with customers with the corresponding
risk tolerance, save customers time and effort in identifying what is
most suitable for them, and, in turn, increase sales conversion.

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SCA Fintech Megathon – Round 1 Timeline

Virtual Pitch-offs &


Challenge Kick off Submission Deadline Winner Announcement
Current stage
- Registration opened - Registration closed, - Virtual public pitch
to global fintechs on startups screened competition with the
Fintech Galaxy - Round 1 of shortlisted finalists in front of the
platform fintechs selected and judging panel
- Scouting kicked off report shared with SCA - Fintechs were scored on
and partners the pitches
- Winner Announcement

AskMeAnything Panel One on One Pitches POC Phase

- Panel discussion - One-on-one private Financial institution


regarding the sessions with SCA & and Fintechs work
challenge problem partners’ Teams and closely to develop the
statement judges with the fintechs POC
- Q&A from interested - Internal assessment and
fintechs regarding the selection of finalists
solution needed

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SCA Fintech Megathon – Round 1 Social Media Posts

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SCA Fintech Megathon – Round 1 Key Dates/Stats

Challenge Start Date Challenge Start Date


June 1 June 27

Submission End Date Submission End Date


July 7 July 27
Key Dates

Key Dates
Round 1 Shortlisting Round 1 Shortlisting
July 7 July 29

Finalists Announcement Finalists Announcement


July 12 August 02

Pitch Competition Pitch Competition


July 15 August 09

763 Challenge pageviews 694 Challenge pageviews

9 Submissions 15 Submissions

Stats
Stats

5 Shortlisted for Round 1 9 Shortlisted for Round 1

4 Finalists from 3 countries, 1 winner 4 Finalists from 4 countries, 1 winner

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Challenge Interests
Social Media Insights – Round 1 Challenge Exposure/Outreach Geography

1,000,000 Lebanon UAE USA Netherlands Others

100,000
121,063
50,208 129,136
10,000 Lebanon
724 19,488 Others 24%
1,000 2,805 736 34%
100 49
666 292
188
10 35 Netherlands UAE
6% USA 22%
1
14%
LinkedIn Twitter Facebook Instagram

Link Clicks Reactions Reach

100,000 Lebanon UAE USA India Others

10,000 48,425
51,654
20,083

1,000 7,795
Others
290 23% Lebanon
1,122 295 27%
100
267 20
75 117 India
10 12%
14
UAE
USA
1 25%
13%
LinkedIn Twitter Facebook Instagram

Link Clicks Reactions Reach


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SCA Fintech Megathon – Round 1 Finalists

Kasisto, Inc Bondsmart


KAI is the industry’s leading Digital Experience platform that was created Bondsmart is a fractional-ownership fixed income investment platform
to master the language of banking and finance. KAI is trained and ready that enables a financial institution to deliver a new, highly-differentiated,
to host the humanizing experiences today’s customers demand, while financial product to its customer base. Bondsmart has an engine that can
intuitively opening doors to deeper customer engagement. From simple take data and present bonds and sukuk in a clearer way for investors’
retail transactions to the complex demands of corporate banks and research and education.
wealth management, KAI gets it.

BlueRush Clarity AI
BlueRush offers a Software as a Service (“SaaS”) based content Clarity AI provides a tech platform for investors to manage the impact of
engagement platform that enables business-to-consumer (“B2C”) their portfolios, leveraging big data, artificial intelligence and machine
companies to achieve greater engagement, loyalty and conversion learning. By using impact, climate and sustainability risk scores, the clients,
metrics with customers. They develop and market IndiVideo™, a retail or institutions, can make better decisions on their investments.
disruptive, interactive personalized video platform that is built on a SaaS
business model and drives return on investment throughout the entire
customer engagement cycle.
Lune Invstr
Lune simplifies money management and serves as a personal financial Invstr is the #1 global financial education and social investing app and has
assistant that helps users save for today, tomorrow and invest in the been downloaded over one million times in 226 countries. Invstr's mission
future. Lune takes the stress out of finance by creating simple interactive is to empower everyone to take charge of their financial future by
tools that help users optimize their spending for the things that matter. democratizing investing. Invstr has a presence in New York, San Antonio,
London and Istanbul

Nerve Solutions Zagtrader


Nerve Solutions builds real time risk and surveillance products for capital ZagTrader is an active platform that provides banks, brokerage
markets allowing firms to identify and quantify risk and anomalies in live companies, financial institutions with research screens that allows retail
markets and take corrective actions at sub-second speeds. Nerve also investors to see better opportunities and help them with their investing
provides APIs enabling trading firms to offer automated trading to their decision. The solution can be a part of a product (web/mobile) using the
end clients ZagTrader web app and mobile platform. Or it can be an out-of-the-box
solution provided in form of APIs/ web screens.

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SCA Fintech Megathon – Round 1 Judges

Khalid Asad AlAmiri Mohamed Al Ali


Head of Financial Services & Markets Supervision Section Securities and Commodities Authority Head of Listed Companies and Investment Supervision at the Securities and Commodities Authority

Khalid Asad is the Financial Services & Investment Management Supervision Section Head at SCA Mohamed Al Ali is the Head of Listed Companies and Investment Supervision Section in the
having more than 11 years of experience in supervision, regulation and compliance. He holds Securities and Commodities Authority (SCA), he also serves as a member of the SCA Fintech Team.
masters degree in business administration from Canadian University. Mohamed joined the SCA in 2010. Prior to joining the SCA, Mohamed worked as Corporate
Relationship Manager in Emirates NBD Banking Group for 3 years. Mohamed holds an MBA from IE
Business School.

Omar Saleh AlSarkal Salim AlKhadar


Manager of Market Surveillance Section at Abu Dhabi Securities Exchange Head of Distribution - Retail Banking at United Arab Bank

Omar Alsarkal has 20 years’ experience in Information technology and capital markets. He is the Salim AlKhadar joined United Arab Bank (UAB) in December 2012 and has been excelling in various
Manager of Market Surveillance Section since 2015 in ADX. Holding Bachelor’s degree in roles assigned to him with progressive career growth. He has demonstrated good people
Management Information Systems. Licensed EFQM assessor for 11 years in different excellence and management skills, innovative approach and revamping of processes and functions. On October 1st
quality awards. Certified Expert & Arbitrator in financial service like securities & exchanges. 2020, Salim AlKhadar was promoted to take full responsibility for Retail Distribution from his
Participate in developing AGM E-VOTING the first UAE blockchain technology application in financial previous role as Head office Branch Manager. Salim AlKhadar started his Banking career as a
sector. He is the founder of “lucid pay” the first blockchain payment and settlement in tourism customer Service Executive in Emirates NBD and was recognized as the youngest branch Manager in
sector. the year 2008. He has 18 years’ banking experience in UAE and considered a consistent performer in
UAB Retail Banking group.
He holds a Diploma Degree in Banking & Finance, from Emirates Institute of Banking and Finance.

Mamoun Ibrahim Abu Zaytoun Ayman AlQudsi


Acting Manager of Systems and Applications at Abu Dhabi Securities Exchange Chief Information Officer at United Arab Bank

Mamoun Ibrahim Abu Zaytoun is the Acting Manager of Systems and Applications in ADX IT Ayman AlQudsi is the Chief Information Officer (CIO) at United Arab Bank. He joined the Bank in May
Department. In this capacity he is the principal staff managing different exchange software 2018, bringing more than 22 years’ experience in leveraging technology to drive organizational
applications like the trading engine. He has a proven IT Professional leading 20+ successful project growth, performance, profitability and leading IT initiatives in support of business strategies and
within ADX like ADX mobile app. He is master in Linux systems, Sustainable technologies & objectives. His prime responsibilities are to drive the Bank into Digital Transformation journey,
Everything-as-a-Service(XaaS). revamping Technology, automating bank-end processes, improving our customer experience, and
Managerial he is an excellent problem-solving, organizational, analytical and critical thinking skills. He building the Data strategy of the future to enable AI and ML enrich our customer experience
holds bachelor degree in electrical & computer engineering. throughout our journey. Ayman has a significant experience in managing IT change and realizing
efficiency through Cloud based solutions and IT Infrastructure System virtualization, consolidation,
centralization and automation. Expert with hands-on experience in IT group merges and
consolidation.

Pooja Singh
International Organizations Expert at the Securities and Commodities Authority

Pooja is an international organizations expert working with SCA having more than 15 years of experience in regulatory compliance and policy. She is also a member of SCA Fintech Team. An avid writer, she
also speaks at various regulatory panels across the UAE

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SCA Fintech Megathon – Round 1 Scores and Winners

Technology Innovation Feasibility Presentation Relevancy TOTAL


/20 /20 /20 /20 /20 /100

Bondsmart 11 14 11 13 12 61

Zagtrader 13 11 13 13 14 64

Invstr 20 18 16 19 19 92

Clarity AI 14 14 10 13 10 61

Technology Innovation Feasibility Presentation Relevancy TOTAL


/20 /20 /20 /20 /20 /100

Lune App 11 11 11 13 12 58

Nerve Solutions 13 12 11 11 11 58

Kasisto 18 20 19 18 19 94

Bluerush 18 17 17 16 17 85
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THANK YOU!

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