Suitebox wins global Fintech Innovation Challenge
Australia and New Zealand fintech start-up Suitebox has been crowned as the winner of KPMG's global Fintech Innovation Challenge, receiving recognition in the mobile category.
By providing users with a ‘virtual office', Suitebox allows participants to arrange meetings via video, record the meetings live as well as review and sign documents online.
Last year, Suitebox announced a series of new features to their solution with the development of a virtual financial advice offering, allowing financial advisers in Australia and New Zealand to integrate the product into their planning software.
SuiteBox chief executive, Richard Mannell, called the KPMG Fintech Innovation Challenge win a "ringing endorsement" for the growing potential of mobile virtual meetings.
"This success [demonstrates] the opportunity for truly mobile virtual meetings between professionals and their clients across many industries," he said.
Founded with the aim of promoting collaboration and innovation between fintech firms and financial institutions, KPMG's global Fintech Innovation Challenge aims to source six new innovators and then match them with multiple financial organisations.
Confirmed participants in this year's panel included: Westpac (Australia), AIB (Ireland), Bank Hapoalim (Israel), Rabobank (Netherlands), Caixa Bank (Spain), Liberty Group (South Africa), Standard Bank (South Africa) and Nationwide (UK).
The ‘Mobile Value Added Services / Mobility' category looked at tools that enable access to financial services over mobile devices, with all entries assessed against a series of set criteria that included novelty, ease of implementation, potential impact — in terms of revenue, cost or efficiency — and overall impression.
Currently, SuiteBox has over 200 companies using its product and has set its sights on expanding its influence into the UK market.
Suitebox will now present their offering, together with the other category winners, at KPMG's global FinTech Innovation Summit in London next month.
Recommended for you
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
