Sure shortlisted in Isle of Man FinTech Innovation Challenge Awards

Sure, in partnership with sister company Beyon Connect, has been selected out of 80 global entrants to take part in the Isle of Man’s flagship FinTech Innovation Challenge.

16 companies from across the globe will be working closely with the Isle of Man Government, financial institutions, and other key stakeholders to develop and refine innovative problem-solving technology over the next three months. The solutions will help boost the island’s digital economy and position the Isle of Man as a leading FinTech hub.

Sure, one of only two local members of the cohort, has entered alongside its sister company Beyon Connect, which is based in Bahrain and specialises in building secure and trustworthy IT platforms.

Beyon Connect’s specialist expertise will be augmented by Sure’s local team of experts, who are embedded in the Isle of Man’s digital landscape and have worked with government, businesses, and individual customers for 15 years.

Ben King, Chief Operating Officer of Beyon, said: “Our mission is to accelerate the digital future, and create valuable, secure solutions to improve connectivity globally. The Fintech Innovation Challenge offers us the opportunity to think creatively and do what we do best. By teaming up with Sure, this enables us a key insight into the local community, so we can adapt our expertise accordingly.”

The Innovation Challenge is part of the Isle of Man’s ambitions to build a secure, vibrant and sustainable future, with the challenge representing the next step in the island’s intention to become a tech hub for businesses looking to bring their ideas to market.

Sure’s Chief Executive in the Isle of Man Mike Phillips said of the challenge: “This is a fantastic opportunity for us to engage with our local business community and understand their needs. The nature of the Challenge means that we’ll be in listening mode initially to get a handle on the challenges businesses are facing, we’ll then work with Beyon to build a solution that addresses these head on – we are excited to step up to the challenge.

“We are looking forward to demonstrating our range of knowledge as a frontrunner in the technology sector, and to use this opportunity to develop relationships and collaborate with our local community, the Isle of Man Government, the regulator and businesses in a leading digital hub.”

The participants will face four challenges asking them to solve some of the most vital issues facing the financial sector across the globe. The challenge will culminate on June 29 during a Demo Day where each business will showcase their solution to an audience of judges, industry experts and potential customers.