Banking Reverse Pitch
2nd Edition — September 2024
Calling all fintechs to present your solution to specific challenges reverse-pitched by the banks
In this second edition, Westpac and Citi will present their challenges to innovative companies at The Intersekt Fintech Festival on 18th September, 2024 at 4:30pm.
Startups and scaleups have the opportunity to present their solutions to the banks by 18 October, 2024. Submission deadline for Citi have been extended until Sunday, 24 November 2024.
Themes
eSignatures/ Digital Certificates
Small Businesses
How it Works
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View the full list of problem statements from the banks here.
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Hear directly from the banks and have your queries answered at the Intersekt Fintech Festival 2024.
This is also your opportunity to connect and network. -
For any further clarifications, please contact us.
Contact Us -
Share more information about your organisation and solution here.
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Succinct and to the point, keep pitch decks <5 pages.
Address the problem statement objectives (explicitly)
Embedded demo videos – are useful to help us visualise the proposition
Points to cover -
Tell us about your business – background, history, size, key people, roadmap of features if comfortable sharing.
How your proposition solves for all of, or part of, our problem statement – make this specific to the problem statement. It’s ok to only solve part of the picture, we’re open to multi-party solutions.
Existing partnerships that we need to be aware of, e.g. other major banks, government etc.
Problem Statements
Download the problem statements below
Reverse Pitch Event
Second edition
Why should you pitch
A streamlined process - Clear visibility and insights into actual challenges for which the banks are seeking solutions.
A channel to apply - Your application will reach the right people in the organisation for review.
Collaboration - Foster partnerships that pave the way for collaborative ventures, promoting shared development and innovation in the market.
Networking - Connect directly with key representatives and decision makers at the banks.
FAQs
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Westpac and Citi are keen to collaborate with the fintech sector by working with the industry to solve real-world issues faced today. The event showcases the vibrancy and collaborative nature of our fintech ecosystem, and provides an opportunity for global fintechs looking to get a foothold in Australia.
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18/09/2024— Banking Reverse Pitch Night
18/10/2024 — Deadline to submit your solutions
24/11/2024 — Deadline extended for Citibank Submissions
29/11/2024 - Banks to respond to shortlisted organisations
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The intent of the Banking Reverse Pitch is to ensure a broad selection of companies have the opportunity to submit solutions to the issued problem statements.
Candidate companies are encouraged to submit responses for one or more problem statements, even if the proposed solution only solves part of the problem.
Applying companies must have:
A valid Australian Business Number (ABN) or willingness to register an ABN if their company is selected.
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The event at Intersekt 2024 is not compulsory but we recommend you to attend. The banks will directly pitch to the audience followed by Q&A and networking.
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Please go through the full application typeform and include all the relevant information that will help the banks understand your solution.
You may also reach out via the queries form if you would like to share more documents that is above the size limit.
The banks will reach out to you for additional DD checks before finalising. -
Once your submission is successful, the banks will reach out to you directly to finalise, discuss terms of service, remuneration and any other requirements to formalise the agreement.
There may also be a press announcement naming the company/companies selected by the banks.
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The bank will reach out to you for additional due diligence. Information such as technical specifications, IP specifications, competitor analysis, shareholder details etc. will be requested.