Fintech Challenge returns to Detroit Aug. 3

FARMINGTON HILLS—Kyyba Innovations, an IT, engineering and business consulting firm, in partnership with TechTown Detroit, announced it would hold the second annual “Detroit Fintech Challenge” to identify innovations in the financial services industry.

The Detroit Fintech Challenge (DFC) pitch competition will happen Saturday, Aug. 3 at TechTown in Detroit.

DFC will bring together entrepreneurs, coders, developers, and others from across the region to generate technologies to address critical fintech challenges. Through DFC, fintech startups will be given a challenge statement category. Finalists from each challenge statement category will present their concept as a part of the Fintech Challenge Pitch Competition.

Tel K. Ganesan, Kyyba managing director, called the event “a catalyst to drive a community in Detroit around fintech that will help in re-energizing the city and state with a diversified economy leading to economic prosperity for years to come.”

Added Paul Riser, director of Detroit Urban Solutions for TechTown Detroit: “The attention for fintech has reached a tipping point and the banking industry is clearly starting to take fintech companies seriously. While we realize there is no one-size-fits-all for fintech, we are making the bet that collaboration and integration are key for a greater Detroit region that is poised to be a leader in today’s hyper-connected technological environment.”

DFC is an opportunity for applicants to tap into a fintech ecosystem comprised of professionals, stakeholders, market leaders, and influencers in the finance, banking, and insurance services market. Startups can submit their applications until June 30. To register for DFC, visit www.detroitfintechchallenge.com. Questions can be directed to Sarah Myrand: sarahm@kyyba.com.

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