Selection process Dutch FinTech Awards 207

How does the selection process look like?

The first round. FinTech companies are nominated by experts, stakeholders and investors from the FinTech industry. Entries were submitted by filling out a form and after approval FinTech company profiles were published on this website. The company profile is judged based on the information provided by the company by both the judges and the public. The next step is the determination of the Dutch FinTech 50, consisting of the best 50 Dutch FinTech companies. 

The Dutch FinTech 50 is generated by combining public voting and expert voting. The online voting starts 09 January 2017 and ends 1 April 2017.   

  1. Each approved Dutch FinTech company has a company profile on this website so that everyone (e.g. friends, stakeholders, customers) can 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 vote (based on your online profile) and this constitutes 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 both the public and the judges the Dutch FinTech 50 and the Top 3 per category will be announced on 4 April 2017.

Note: the online voting competition continues for the Public Awards. The Public Awards competition will run until 20 April 2017, 23:59. The FinTech companies with the highest amount of online votes per category win the Public Award for their category. The FinTech companies that win a Public Award will be announced online.

The second and final round will take place on 21 April 2017 during the Dutch FinTech Awards. At this day the Top 3 FinTech companies within each category give a pitch in front of the top-notch panel of judges. 

The pitches are 5 minutes and will be followed after the third pitch with a Q&A - discussion session of 20 minutes with the panel of judges. On the 21st of April 2017 the winners of the Dutch FinTech Awards will be announced. There is one grand, overall winner: The Dutch FinTech Company of the Year 2017 determined by the top-notch jury.

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

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. 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 - Get tickets

Rabobank


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