Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, November 26 2021 - 20:03
AsiaNet
CI&T Wins Global Open Finance Challenge with Financial Passport Solution for Immigrants
BRISBANE, Australia, Nov. 26, 2021 /PRNewswire-AsiaNet/ --

* CI&T's NoFrontiers team developed an unprecedented solution aimed at 
newcomers to a foreign country 

CI&T, a global digital native specialist and end-to-end digital transformation 
partner providing strategy, design and software engineering services to some of 
the world's leading brands, is the winner of the first Global Open Finance 
Challenge [ https://www.globalopenfinancechallenge.com/ ], an unprecedented 
competition that seeks innovative ideas to transform the banking sector.

CI&T's NoFrontiers team, composed of a group of nine intrapreneurs from the 
company, took home the victory in the "Convenience" category by developing 
FinPass - a global financial passport designed for newcomers to a foreign 
country, whether immigrants, students, refugees or digital nomads. 

The Global Open Finance Challenge was created by CIBC, Itaú Unibanco, National 
Australia Bank and NatWest Group in collaboration with Amazon Web Services 
(AWS). The challenge invited teams of innovators from around the world to 
prototype and present ideas with the potential to facilitate access to 
financial products and services through new, improved and more personalised 
experiences.

"The innovation of our products is based on the application of the core concept 
of open banking: people's financial data belongs to them, so they must be 
incorporated into their daily lives wherever they are, with global mobility", 
explains Leonardo Mattiazzi, EVP /CI&T partner and member of NoFrontiers. "As 
open banking is still seen as a local resource, we want to make FinPass truly 
global and inclusive."

The FinPass solution

CI&T's FinPass solution won the "Convenience" category, which honors the most 
innovative and convenient channel for accessing banking services. FinPass is an 
integration and credit solution for immigrants connected to a global network of 
banks that aims to make it easier for newcomers to access credit and establish 
themselves in new countries. The company's objective is to solve a problem that 
several members of the team itself have already faced: building a life in 
another country.

91 teams from 19 countries competed in the challenge and CI&T's NoFrontiers was 
one of four winning teams. Each winning team will work with one or more of the 
four banks - CIBC, Itaú Unibanco, National Australia Bank and NatWest Group - 
to convert their innovative idea into a proof of concept.

CI&T's NoFrontiers team includes: Alex Nobre Ribeiro, Carlos Roberto Nogueira 
Júnior, Daniel Cobianchi, Felipe Dewulf, Karen Bizanha, Leandro Duran, Leonardo 
Mattiazzi, Namaste Menegassi and Rafael Turon.

Find more details on the challenge here [ 
https://www.newswire.ca/news-releases/cibc-itau-unibanco-national-australia-bank-and-natwest-group-announce-winners-of-global-open-finance-challenge-884229230.html 
].

About CI&T
CI&T is a global digital specialist, a partner in end-to-end digital 
transformation for 50+ Large Enterprises & Fast Growth Clients. As digital 
natives, we bring a 26-year track record of accelerating business impact 
through complete and scalable digital solutions. With a global presence in 8 
countries with a nearshore delivery model, CI&T is the Employer of Choice for 
5,000 professionals in strategy, data science, design, and engineering, 
unlocking top-line growth, improving customer experience and driving 
operational efficiency.

Christee Song
+817084210205
christees@ciandt.com 

SOURCE: ciandt.com