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FinCapDev $100K Demo Day Slated for June 18 in San FranciscoBOSTON --(Business Wire)-- The Financial Capability Development Competition (FinCapDev), a $100,000 nationwide challenge facilitating the development of innovative, market-ready mobile apps that will help consumers control and shape their financial futures and provide better access to financial services, has announced its culminating event, the FinCapDev $100K Demo Day. The event will take place at 5:00 PM PDT on June 18 at the Capital One 360 Cafe in San Francisco, California. At the FinCapDev $100K Demo Day, 10 Finalist Teams will each present a short demo of their app to a panel of soon-to-be-announced expert judges hailing from the venture capital, entrepreneurial, media, accelerator, fintech, and consumer finance spaces as well as an attending audience of senior executives and leaders from those same communities. The teams will vie for a $100,000 prize purse, including a $50,000 grand prize. The event will be streamed live on Tuesday, June 18 at 6:00 PM PDT. Click here to sign up for a webcast event reminder. Hosted by FinCapDev administrators, D2D Fund and the Center for Financial Services Innovation, FinCapDev is made possible thanks to the generous financial support of the Ford Foundation, the Citi Foundation, and Omidyar Network. D2D Fund and the Center for Financial Services Innovation also brought together a variety of financial services and technology company partners to work directly with the individuals submitting applications. Those partners include: the Applied Innovation Institute, Betterment, Braintree, Capital One, Cardfree, Citi, Dell Social Innovation Challenge, Deloitte, EachScape, Facebook (News - Alert), H&R Block, ideas42, MasterCard, PayPerks, WeWork Labs, Women Innovate Mobile, and Yodlee. "It's been fantastic to witness the FinCapDev Finalist Teams build and grow over the last few months," said imothy Flacke, Executive Director of the D2D Fund. "And equally impressive is the ecosystem that has started to develop. FinCapDev has blossomed into a thriving community dedicated to helping consumers control and shape their financial futures and gain better access to financial services-and it's only going to get bigger and better." FinCapDev apps are designed to address a variety of challenges, including student debt decision-making, impulse spending management, peer lending, tapping social networks for financial advice, choosing insurance packages, new takes on budgeting, and more. Finalist Teams to present at the FinCapDev $100K Demo Day include:
"The FinCapDev $100K Demo Day is going to be an engaging, fast-paced event," said Jennifer Tescher, President & CEO of the Center for Financial Services Innovation. "In addition to the real-time demos and cash prize awards, we're going to see actual, market ready apps come out of this challenge that will help improve financial capability and access. That's an incredibly exciting thing when you stop and think about it." To learn more about FinCapDev and the Finalist Teams, visit the FinCapDev blog (http://fincapdev.com/blog), follow on Twitter (News - Alert) (http://twitter.com/fincapdev), or like on Facebook (http://facebook.com/fincapdev). About FinCapDev The Financial Capability Development Competition (FinCapDev) is a nationwide $100,000 challenge to develop new mobile apps to help working Americans make smart financial choices and get better access to financial services. In addition to bringing high-impact apps to market and available for consumers use, the competition is creating an ecosystem of American innovators, technology companies, software developers, financial service firms, investors, and nonprofits to foster innovation in new mobile financial tools. To learn more, visit http://fincapdev.com or follow on Twitter at @FinCapDev. About the Center for Financial Services Innovation The Center for Financial Services Innovation (CFSI) is the nation's leading authority on financial services for underserved consumers. Through insights gained by producing original research; promoting cross-sector collaboration; advising organizations and companies by offering specialized consulting services; shaping public policy; and investing in nonprofit organizations and start-ups, CFSI delivers a deeply interconnected suite of services benefiting underserved consumers. Since 2004, CFSI has worked with leaders and innovators in the business, government and nonprofit sectors to transform the financial services landscape. For more on CFSI, go to www.cfsinnovation.com and join the conversation on Twitter at @CFSInnovation. About The Doorways to Dreams (D2D) Fund Doorways to Dreams (D2D) Fund strengthens the financial opportunity and security of low and moderate income consumers by innovating, incubating, and stimulating new financial products and policies. Operating at the intersection of the private, non-profit and public sectors, D2D incubates and promotes practical applications with social impact that might otherwise lack a champion to nurture and bring them to market. D2D was incorporated as a 501 (c) 3 not-for-profit organization in 2000 and is headquartered in Allston neighborhood of Boston, across the street from Harvard University's recently opened Innovation Lab. For more on D2D, go to www.d2dfund.org or follow on Twitter at @D2DFund. |
