GuardTime Wins $50,000 #Innotribe Start-Up Challenge for most promising Fintech startup

I was one of the judges at the 2011 Innotribe $100K Start-up Challenge (designed to introduce the most promising FinTech and Financial Services start-ups to SWIFT’s community) and also I was asked to mentor GuardTime (www.guardtime.com), creator of the Keyless Signature technology providing indisputable proof of time, origin, and integrity for electronic data. Delighted that they won ! 

They were selected from over 100 applicants; this year’s judges awarded the prize to two winners, each receiving $50,000. The other winning company announced is Truaxis (formerly BillShrink), for its StatementRewards application that creates data-driven personalized services for financial institutions, merchants and consumers.

 “We’re thrilled to be recognized by the financial services industry for innovation that creates indisputable and mathematically-sound audit trails for all electronic data, making it ideal for applications such as Internet banking, mobile payments, digital log forensics and eDiscovery,” said Mike Gault, CEO, GuardTime. “This award further validates why our customers partnered with us, and the benefits they’ve realized from using GuardTime.”

Kosta Peric, Head of Innovation at SWIFT, said: “The Start-Up Challenge is a vital component of Innotribe’s work to nurture new solutions to common financial industry challenges, and Innotribe@Sibos is the ideal environment in which to foster collaborative engagement with the most exciting new propositions coming out of the start-up community. This year’s winners, including GuardTime, represent innovation at its best.”

More information about the competition can be found at: http://innotribestartup.myreviewroom.com/pages/details/