Kyyba Innovations in partnership with TechTown Detroit and the Detroit Fintech Association, launches the second series of “Detroit Fintech Challenge” to identify game-changing innovations in the financial services industry.  On May 16th at TechTown in Detroit there will be a Kickoff Meetinghosted to announce the challenge statements, key partners and sponsors, and details on the competition goals, prizes, rules, and eligibility. There will also be designated time for idea pitching, team formation, and mentor matching. The Kickoff Meeting is open to anyone and everyone to come participate!

The Detroit Fintech Challenge is an annual event where early-stage startups and entrepreneurs network and work collaboratively to solve corporations’, governments’, and consumers’ most pressing financial technology-related problems and interests, and then present them in a competitive style pitch competition. This year Detroit Fintech Challenge (DFC) is happening on August 3, 2019, at TechTown in Detroit. DFC brings together entrepreneurs, coders, developers, technology enthusiasts, experts in financial, insurance and payment businesses, and creative minds from across the region to generate enduring solutions to address critical fintech challenges. DFC is being supported by First Independence Bank, Varnum Law Firm, and Corp! Magazine.

Tel K. Ganesan, Managing Director, Kyyba Innovations, commented: “We are so delighted to host the Fintech Challenge in Detroit for the second consecutive year. We truly see this as 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.”

With similar enthusiasm, Paul Riser, Director of Detroit Urban Solutions for TechTown Detroit, added: “The attention for fintech has reached a tipping point and the banking industry is clearly starting to take fintech companies seriously. We realize there is no ‘one size fits all’ for fintech, but 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.”

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DFC is an opportunity for applicants to tap into the fintech ecosystem comprised of professionals, stakeholders, market leaders, and influencers in the finance, banking, and insurance services market. Startups can submit the applications starting May 17, 2019 and the deadline is June 30, 2019. To register for DFC, please visit www.detroitfintechchallenge.com. Questions can be directed to Sarah Myrand: [email protected]