The Cambridge SupTech Lab has launched three competitions to prototype suptech applications focusing on advancing financial consumer protection supervision in low and middle-income countries (LMICs).
The solutions are based on proofs of concept (PoCs) developed by the supervisors who graduated from the 2022 Innovation Leadership Programme.
Through the competitions, the University of Cambridge is selecting and contracting three tech vendors that will receive funding to collaborate with the involved financial authorities and the Lab in the development of the prototypes.
By joining the Launchpad, each selected vendor will receive an award between $100,000 and $135,000, tailored coaching, and invitations to the Lab’s pitch day to connect with funders, to a demo day to present their products to potential clients and to the Lab’s hackathons and techsprints. They will also be showcased in the Lab’s website and case studies.
The prototypes are developed in collaboration with five supervisory agencies: the Bangko Sentral ng Pilipinas (Philippines), the Bank of Ghana, the Otoritas Jasa Keuangan (Indonesia), the Reserve Bank of India, the Securities and Exchange Commission of the Philippines and the Superintendencia de Banca, Seguros y Administradoras Privadas de Fondos de Pensiones (Peru).
Seven vendors were shortlisted through in the Expressions of Interest phase: FNA, Hoory, Innova Limited, Proto, Talanta 10, Synechron and Winnow Technologies.