Australia's Avoka Wins ATB Innovation Challenge

Australia's Avoka Wins ATB Innovation Challenge
20.06.2017 08:30 am

Australia's Avoka Wins ATB Innovation Challenge

Infrastructure

KPMG and Matchi are delighted to announce that Avoka is the winner of ATB Financial’s Customer Onboarding Global Innovation Challenge. 

Avoka will now work with ATB on a proof-of-concept project with a view to roll out and implement the solution. 

“This challenge absolutely delivered innovative thinking from around the globe,” said ATB’s Chief Transformation Officer, Wellington Holbrook. “I was excited to see a fantastic breadth and depth of responses—proof of how rich the fintech ecosystem truly is. We’re looking forward to working with Avoka in creating a seamless experience for Albertans who interact with ATB.” 

Powered by KPMG in Canada and Matchi, the challenge invited fintech solution providers to produce a relevant, implementable innovation to help automate and optimize ATB’s client onboarding and authentication. KPMG recently acquired Matchi to create a powerful resource that helps clients find and deploy fintech solutions that are most relevant to their business needs. 

The challenge attracted more than 50 entries from 14 different countries including Australia, Canada, Czech Republic, Hong Kong, India, Israel, Russia, South Africa, United Kingdom and the United States. All challenge responses went through an intense process of validation, scoring and evaluation to a shortlist of six finalists. From there, the final judging panel unanimously selected Avoka as the solution which was the most aligned to the bank’s current onboarding focus areas.

“Working with ATB and our Matchi team to carry out this Customer Onboarding Global Innovation Challenge has been a fantastic experience,” said David Bolton, Partner, Financial Services, KPMG in Canada. “A number of truly innovative solutions for onboarding, KYC and identity management were identified from all corners of the globe. The judging process supported by the Matchi platform provided a very effective way for all participants to engage in the evaluation and selection of finalists.” 

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