Selection process Dutch FinTech Awards 2018

How does the selection process look like?

The first round. FinTech companies are nominated by experts, stakeholders and investors from the FinTech industry. Entries are submitted by filling out a form and after approval the FinTech company profiles are published on this website. Make sure the company profile is perfectly fine as your company will be judged based on that by the judges. The next step is the determination of the Dutch FinTech 50, consisting of the best 50 Dutch FinTech companies.

The Dutch FinTech Awards Top 50 is generated by combining public voting and expert assessment. The exact dates of the European FinTech Awards 2018 will be announced in the near future, but it is already possible to get nominated for this event.

  1. Each approved Dutch FinTech company has a company profile on this website so that everyone (e.g. friends, stakeholders, customers) could vote for your promising FinTech company. Every vote helps the FinTech company in becoming selected in the Dutch FinTech 50. These public votes constitute 25% of the weight in determining the Dutch FinTech 50.
  2. At the same time the panel of judges also voted (based on your online profile) and this constituted the other 75% of the weight in determining the Dutch FinTech 50. The online assessment will start from 14 March 2017 until 1 April 2017. 

Based on the votes of the public and the assessment of the panel judges the Dutch FinTech 50 and the Top 3 of  per category in 2018 will be announced after the voting process has ended. 

Note: the online voting competition is closed at the moment. All companies that are already nominated for the Dutch FinTech Awards 2018 have a company profile online on this website. It is possible to show your support for these FinTech companies by 'liking' them. These likes will not be included in the voting competition of 2018, but will make sure the nominated FinTechs that you endorse get a higher rank on the website of the Dutch FinTech Awards and generate extra exposure, which will improve their chances for when the competition starts. 

The second and final round of the Dutch FinTech Awards will be held during the Dutch FinTech Awards & Conference 2018. At this day the Top 3 FinTech companies within each category gave a pitch in front of the top-notch panel of judges. The date of this event will be announced in the near future.  

Per category the 3 finalists will get a 5 minutes pitch on stage in front of the panel of judges and other attendees of the Dutch FinTech Awards & Conference. These pitches are followed by a 15 minutes Q&A where the panel of judges will query the 3 finalists to determine who deserves to win a Dutch FinTech Award.  At the end of the Dutch FinTech Awards & Conference 2018 the winners per category willbe announced in the Awards Ceremony. There isone grand, overall winner: The Dutch FinTech Company of the Year 2018 which will also be announced during the Awards Ceremony.

The selection is based on the individual ideas and views of the judges using their expertise, knowledge and ideas. 

Selection criteria Innovative Banking
  • - Innovation (Will the idea have the power to change the industry?)
  • - Market (Does the idea satisfy a real need or desire? Does the idea seize a real opportunity? including evidence)
  • - Value (Do they have a unique value proposition? What is the potential impact?)
  • - Delivery (how is it made available to the market?)
  • - Traction (How is the company engaging with new customers? )
  • - What are the challenges for the next phase?
  • - What is the company’s ability to co-operate (from a business model perspective)
Selection criteria Blockchain - DLT

  • - Innovation (Will the idea have the power to change the industry?)
  • - Market (Does the idea satisfy a real need or desire? Does it solve a real problem? Does the idea seize a real opportunity? including evidence)
  • - Value (Do they have a unique value proposition? What is the potential impact?)
  • - Delivery (how is it made available to the market? What is your market entry strategy?
  • - Traction (How is the company engaging with new customers? )
  • - Team: What are the challenges for the next phase?
  • - Collaboration: What is the company’s ability to co-operate (from a business model perspective)
Selection criteria Lending, Financing, Investing

  • - Innovation (Power to change industry? Is the company able to show relevant innovation in the last two years?)
  • - Customer Satisfaction (Does it satisfy a real need?)
  • - Value (Do they have a unique value proposition?)
  • - Delivery (how is it made available to the market?)
  • - Traction (Signing up new customers?)
  • - Composition management team (How does the management team look like?)
  • - Environmental, Social And Governance (ESG) test. (What value brings the FinTech to ESG aspects?)
Selection criteria Risk, Intelligence, Security

  • - Security (How are they dealing with security and risk factors? Why are they the ‘best in class’ ?
  • - What problem are they solving? How many people? How scalable is this product?
  • - Composition management team (How does the management team look like?)
  • - Viable (Is the business model viable?)
  • - Market (How big is your (entry) market?)
  • - Challenges (What challenges are you facing?)
Selection criteria InsurTech
  • - Innovation (Will the idea have the power to change the industry?)
  • - Market (Does the idea satisfy a real need or desire? Does the idea seize a real opportunity? including evidence)
  • - Value (Do they have a unique value proposition? What is the potential impact?)
  • - Delivery (how is it made available to the market? how an InsurTech aims to get clients)
  • - Traction (How is the company engaging with new customers? )
  • - What are the challenges for the next phase?
  • - Team (Experience, number and scope of team-members)
Selection criteria Payments & Transfers

  • - Innovation (Power to change industry? Is the company able to show relevant innovation in the last two years?)
  • - Customer Satisfaction (Does it satisfy a real need?)
  • - Value (Do they have a unique value proposition?)
  • - Delivery (how is it made available to the market?)
  • - Traction (Signing up new customers?)
  • - Composition management team (How does the management team look like?)
  • - Environmental, Social And Governance (ESG) test. (What value brings the FinTech to ESG aspects?)
Selection criteria Incumbent banks

  • - What did your organisation showed in the last years in terms of innovation. 
  • - How well is the organisations adoption of Innovative initiatives - provide some examples
  • - How will your organisation adapt itself from this big and ‘slower’ organisation into a more agile organisation?
  • - How does your future business model looks like? Where do you see your organisation in the next 5 - 10 years?

Please note: The main purpose of the Dutch FinTech Awards is to celebrate innovators that shape the future of finance and acknowledge the work these companies did to make a difference. The purpose of the FinTech awards is not to scientifically prove who are the best FinTech companies. Personal scores cannot be shared with companies due to confidential information provided by the panel of judges. The judging is primarily based on the judges' individual views on the nominated companies using their expertise and knowledge. Companies should be based or active in the Netherlands in order to participate for the competition. 

Dutch Fintech Awards Logo 2017

21 April 2017 - Rabobank Utrecht

Rabobank


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