Competition entries have now closed, but you can find out all about the competition on this page.
This global open innovation competition is for entrepreneurs, start-ups or growing companies that could change the way finance works and how banks meet their client’s needs. That’s why we are looking for disruptive ideas.
We believe a healthy financial services industry should be open to transformation through collaborative innovation. UBS’s innovation teams around the world are already driving new concepts from ideation through prototyping into development. We’re inviting you to join this process by presenting your idea to our teams and then developing it with input and support from UBS.
There are four challenges for you to choose from.
What’s in it for the participants?
With a first prize of US$50,000, the competition offers the winners a share of over US$300,000 cash prizes and support, over 300 hours dedicated coaching and mentoring from experienced technology and business leaders, and also a chance to further commercialize and scale their ideas and technologies with help from UBS resources and support.
See our rewards page for more details about the prizes.
Who is eligible to enter?
We’re looking for individual entrepreneurs or young companies incorporated on or after 1st January 2010 and with an annual turnover lower than $3m. You should have received less than $10m in total investment and not more advanced than series A or B funding.
Participants should have developed:
- An idea/ concept grounded on innovative/ disruptive technology capabilities applied to banking/ finance
- Or a functional demo or prototype of the product, service or application.
The technology solutions proposed should:
- Be focused directly on banking and financial services
- Or have a demonstrable impact in another sector but with a potential connection or application within the banking and financial industry.
Some other restrictions apply – see the Rules for full details.
Read our official rules
See materials from the launch events here.
UBS is one of the world’s leading banks, specializing in wealth management, asset management and investment banking. In Switzerland it is also the leading retail and commercial bank.
UBS’s ambition is to help shape a more open and collaborative financial services industry and to jointly develop new innovative solutions for its clients. We’re involved in the Fintech eco-system in our key global locations through initiatives like our lab at Level 39 in London and our Evolve innovation centre in Singapore.
This open approach enables us to embrace the pace of technological change and learn from entrepreneurs about products and services that will not only offer short-term gains but also will have a lasting benefit for our clients, our firm and the industry.
We know it can be hard to navigate the structures of large organizations, especially banks. With UBS’s global reach and world-class banking expertise we can provide entrepreneurs and technology start-ups a unique point of entry, giving you the opportunity to test your idea or develop it with our support. We can give you unrivalled access to internal business and technology experts and partners, supported by tailored mentoring and expertise to help you refine your ideas and bring them towards fruition.
Who are we working with?
In line with our commitment to open collaboration with the FinTech and start-up communities worldwide, the UBS Future of Finance Challenge will be delivered in partnership with several leading FinTech accelerators including Level 39, JFDI.Asia and NUS Enterprise @Blk71, as well as the innovation agency 100%Open.