Docswallet Voted Winner Of Temenos’ Innovation Jam Abu Dhabi 2018

Temenos (SIX: TEMN), the banking software company announces that Docswallet has won the public vote for best Fintech at its annual Abu Dhabi Innovation Jam 2018. The victorious Fintech were presented with the winning trophy by Richard Teng, CEO of the Financial Services Regulatory Authority, Abu Dhabi Global Market and Jean-Paul Mergeai, Regional Director, Temenos. Docswallet will now will now go on to present in front of a global audience at the final Temenos Innovation Jam in Dublin, Ireland.

The Abu Dhabi Innovation Jam is one of eight competitions being held across the globe in 2018 to find the most exciting fintechs. This year, the jam was held in partnership with the Abu Dhabi Global Market (ADGM) at its International Financial Centre in Abu Dhabi. Throughout the event, 8 fintech companies further brought to life the areas where innovation and collaboration – in areas such as data, blockchain and payments – can help banks stay ahead of the competition. Each of the startups had 7 mins in which to give a live presentation or demo of their solution to an audience composed of banks, fintech startups and tech enthusiasts.

Docswallet enables users to get digitally certified copies of documents in Blockchain from their official sources, store and organise them in a locker, and submit them as required. The introduction of the Docswallet ‘Digitally certified documents on blockchain’ is as much about protecting the privacy of users as it is about strengthening the integrity of the document authentication process.

Docswallet will now travel to the Innovation Jam Final to compete with the winners from each of the other regional heats in Hong Kong, Amsterdam, Miami, London, Geneva, Dublin and Luxembourg. The Innovation Jam Final will be held at the Temenos Community Forum on 22-24 May, where each of the fintechs will compete in front 1,200 delegates from around the world. Last year’s winner was PayKey, the world’s first payment keyboard, while Blue Code, a mobile payments app and scheme, based in Switzerland, walked away with Judges’ Choice.

Commenting on winning the public vote, Docswallet CFO Thomas Tharakan, said: It was a thrilling moment when the votes came out and our entire team was delighted with the win. With paper documents containing signatures and stamps still being used in many cases for business transactions, a real cultural change is required so that organisations in the BFSI space can and will accept digitally authenticated and e-signed documents. Creating trust and authenticity within those documents is what our platform does. We help organisations to confidently process a loan application, open an account, and issue bank guarantees. The introduction of the Docswallet ‘Digital authentication programme’ is as much about protecting the privacy of alumni and users as it is about strengthening the integrity of the verification or authentication process.