A finance and information technology hub: 1 day, 5 contests, $50,000 in prizes
MONTREAL, Jan. 10, 2013 /CNW Telbec/ - Finance Montréal, Québec's financial cluster, today announced the theme of each contest of the FinTech Montréal 2013 Conference, to be held at the Centre Mont-Royal in Montréal on Thursday, May 16, 2013. It also opened the entry period, which will extend until February 28, 2013.
"Finance Montréal is proud to launch contests promoting the development of software applications in the financial field among corporate developers and university students," said Eric Lemieux, Chief Executive Officer of Finance Montréal.
The FinTech Montréal 2013 Contest, Relève universitaire category, which is sponsored by the Caisse de dépôt et placement du Québec, invites university students to submit a software application under the theme of the practical demonstration of the extraction and use of the value of unstructured and structured data in financial models.
The FinTech Montréal 2013 Contest, Développeurs corporatifs category, encourages entrants to submit a software application in the financial field from among the following software application categories:
- The first category, sponsored by CGI, invites entrants to submit a software application related to payment hubs or mobile banking, or business intelligence applied on social media information coming from customer relationship management.
- The second category, sponsored by Jitneytrade, asks entrants to submit a software application related to automated algorithmic trading strategy on Canadian equity able to outperform at least one of the following benchmarks: volume-weighted average price, time-weighted average price, implementation shortfall.
- The third category, sponsored by the Institut de la finance structurée et des instruments dérivés de Montréal (IFSID), encourages entrants to submit a software application related to derivatives.
The contests' official rules are available at http://www.fintechmontreal.com/en/concours.php.
How to register
To enter the FinTech Montréal 2013 contests, you must complete the on-line registration form available at http://www.fintechmontreal.com/en/concours.php, making sure to include your contact information and a description, in no more than 3,000 characters, of the software application that you wish to present. The registration form must be submitted before the end of the entry period, or February 28, 2013.
Steps of the contest
From the end of the entry period until March 15, 2013, the jury members will evaluate all candidate files and select a maximum of ten candidates per category for the semi-final. From March 15 to April 15, 2013, the ten semi-finalists for each category will have to provide any supporting documents deemed useful in the evaluation of their software application. The jury members will then have until April 22, 2013 to evaluate the software applications and the supporting documents of each semi-finalist, in order to determine the five candidates per category who will advance to the final. The five finalists per category will have to submit, prior to May 5, 2013, a video presentation explaining and/or demonstrating the innovativeness, usefulness and marketing potential of their software application. On May 6, each finalist will have to present his/her software application to the jury members. Each finalist will be given a maximum of 20 minutes to make his/her presentation.
The names of the winners for each contest category will be announced at the prize-giving ceremony to be held as part of the FinTech Montréal 2013 Conference on May 16, 2013. Each winner will receive a prize of $10,000. Also during this ceremony, the winner of the FinTech Montréal 2013 Contest, Découverte category, will be announced and granted a prize of $10,000. The Découverte prize is awarded to the finalist who submitted the highest-scoring software application for innovativeness, all contests combined, but who did not win a prize in the FinTech Montréal 2013 contests.
Under the honorary presidency of Henri-Paul Rousseau, the Forum FinTech Montréal 2013 Conference is proud to count among its sponsors other major players in the finance and information technology sectors, namely, the Autorité des marchés financiers, Croesus Financial, Desjardins Group, Finlogik, Fondaction, Heenan Blaikie, Hill+Knowlton Strategies, Inovestor, Investissement Québec, Laurentian Bank, Maple Fund Services, Montréal Exchange, National Bank, and Power Financial Corporation.
More information on the FinTech Montréal 2013 Conference is available at www.fintechmontreal.ca. Follow Fintech Montréal 2013 on Twitter, @FinTechMTL, or on our FinTech Montreal Conference Facebook page and LinkedIn group.
About Finance Montréal, Québec's financial cluster
Finance Montréal was created in November 2010 by the financial services industry, at the invitation of the Government of Québec. Finance Montréal's members include banks and financial corporations, government bodies (the Government of Québec, the City of Montréal, the Communauté métropolitaine de Montréal, and the AMF - Québec's financial market regulator and supervisor), and universities. Finance Montréal fosters initiatives in the field of human resources and derivatives in order to strengthen the financial sector and achieve greater international competitiveness.
SOURCE: Finance Montréal
For further information:
To learn more about Finance Montréal - Quebec's financial cluster, visit their website at http://www.grappefinancemontreal.com/en/, write to [email protected], or call Manuela Steis, Assistant to the Chief Executive Officer, at 514-287-1477, ext. 323.
For questions about the FinTech 2013 Conference, write to [email protected], or call one of the following members of our Organizing Committee: Laurent Terrasse 514-871-3534 or Stéphanie Alison Berthiaume 514-787-6515.