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Rules & Eligibility
Eligibility Criteria:
1. All Fintech companies/leaders are eligible to apply.
2. Projects and innovations should be launched/completed between 1st April 2020 to 31st March 2023 (except for the ‘Special Fintech Achievements’ category)
Rules:
1. Please fill out a separate form for each category
2. All submissions must be in English.
3. Each submission should clearly demonstrate the strength in the specific category by articulating differentiators, innovation, and impact created.
4. Application fees applicable per category / submission
5. Submissions open till 23:59 IST on 11/08/2023
Fees for the Entry Submission
|
MEMBER |
NON-MEMBERS |
||
|
Early Bird |
5000 INR / 65$ |
Early Bird |
7000 INR / 90$ |
|
Regular |
7000 INR /90$ |
Regular |
9000 INR / 115 $ |
Judging Criteria:
Instruction:
1. Each entry will be rated against five parameters.
2. Each parameter holds equal weightage.
3. The final score is weighted average of parameter scores.
|
Sr. No |
Criteria |
Evaluation Methodology |
Weightage |
|
1 |
Innovation |
1. How strategic is the innovation for the industry? 2. Is the innovation an original idea or is it copied / inspired from an existing solution within or outside the BFSI industry? 3. How complex is the innovation – simpler or pathbreaking? 4. Technology used |
20% |
|
2
|
Unique Proposition |
1. How different and strong is the Unique value proposition? 2. How easy is it to replicate this for other players? Entry barriers? 3. What’s the competitive advantage offered? |
20% |
|
3 |
Scalable/ Global outlook |
1. Can the innovation be scaled to serve a large number of customers / geographies with consistency and without constantly being reinvented or adjusted? 2. How global is the service/product/platform? 3. Does it cater to a one-time unique need or customer demand? Or is designed to meet the changing requirement / future needs |
20% |
|
4 |
Customer Impact |
1. What value does it deliver to the customer? 2. What's the reach/user base of this service/product/platform? 3. Is there a demand for the proposed innovation? How big is the demand / target market for which the innovation is intended? 4. How easy it is for customers to adopt/use? |
20% |
|
5 |
Revenue Generating/ Cost saving potential |
1. How relevant is the innovation to the core business / overall organization strategy for revenue generation or saving costs? 2. What’s the growth rate at which the product/platform is growing? 3. Return on investment.
|
20% |