Kalypton was named winner of Dassault Systèmes 3D FinTech Challenge 2016. Their product enables operators to remove settlement lags and risks in real time payments and trading to ensure trust in all transaction records, to interconnect new and legacy systems via APIs, to handle data in any format consistently and to enable smart contracts in real time.
The 3D FinTech Challenge is the accelerator program aiming to identify and nurture 7 high performance start-ups that can potentially transform and reshape the Financial Services Industry. The 7 week program is an integral element of Dassault Systèmes’ drive to reduce complexity in the face of increasing regulation and to enable customer centric innovation.
“The 3D FinTech Challenge has been a terrific experience,” says Lars Davies, CEO, Kalypton. “Dassault Systèmes, our mentors, BNP Paribas, the experts, other programme participants, have all contributed to accelerating our solution and deserve our thanks. We’re confident that our solution brings competitive advantage and immediate cost savings for true real-time processes to payments and post-trade settlement to help banks overcome daily challenges related to regulatory-related burden.”
“The 3D FinTech Challenge demonstrates how technology innovation has the potential to empower industry players and regulators, improve common understanding, reduce regulatory risk and compliance costs and shape the investment journey,” said Vice President, Financial and Business Services Industry, Dassault Systèmes.
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