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Sure, in partnership with sister company Beyon Connect, has been selected out of 80 global entrants to take part in the Isle of Man’s flagship FinTech Innovation Challenge.
16 companies will work closely with the Isle of Man Government, financial institutions, and other stakeholders to develop and refine problem-solving technology over the next three months.
The solutions should help boost the island’s digital economy and position it as a leading FinTech hub.
Sure’s Chief Executive in the Isle of Man Mike Phillips said of the challenge: “This is a fantastic opportunity for us to engage with our local business community and understand their needs and challenges in this exciting new field. Participation also enables Sure to combine our local ICT and telecommunication expertise with subject matter and solutions experts from our wider group and the team at Beyon Connect – we are excited to step up to the challenge together.
“We are looking forward to demonstrating our range of knowledge as a frontrunner in the technology sector, leverage our international group expertise, and to use this opportunity to develop relationships and collaborate with our local community, the Isle of Man Government, regulators and businesses to create a leading digital hub.”
Beyon Connect, which is based in Bahrain, specialises in building secure IT platforms.
Ben King, Chief Operating Officer of Beyon, said: “Our mission is to create a better and more inclusive digital society. We want to connect businesses and people through a secure, stable, trustworthy and user-friendly platform of unique products that unite the public and private sector in providing easy to access communication and services. The Fintech Innovation Challenge offers us the opportunity to think creatively about some of the uniqueness of the Isle of Man and by teaming up with Sure, this gives us a key insight into the local community, so we can adapt our offerings accordingly.”
The participants will face three challenges asking them to solve some of the most vital issues facing the financial sector. The challenge will culminate on 29 June during a Demo Day where each business will showcase their solution to an audience of judges, industry experts and potential customers.
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