CI&T wins Global Open Finance Challenge with financial passport solution for immigrants, Business News


The CI&T NoFrontiers team has developed a unique solution for newcomers in a foreign country

Brisbane, Australia, Nov. 26, 2021 / PRNewswire / – CI&T, a global digital native specialist and end-to-end digital transformation partner providing software strategy, design and engineering services to some of the world’s leading brands, is the winner from the first Global Open Finance Challenge, an unprecedented competition that seeks innovative ideas to transform the banking sector.

CI&T’s NoFrontiers team, made up of a group of nine corporate intrapreneurs, achieved victory in the Convenience category by developing FinPass – a global financial passport designed for newcomers to a foreign country, which they are immigrants, students, refugees or digital nomads.

The Global Open Finance Challenge was created by CIBC, Itau 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 that can facilitate access to financial products and services through new, improved and more personalized experiences.

“The innovation of our products is based on the application of the central concept of open banking: the financial data of people belong to them, they must therefore be integrated into their daily life wherever they are, with global mobility”, Explain Leonard Mattiazzi, EVP / CI & T partner and member of NoFrontiers. “As open banking is always seen as a local resource, we want FinPass to be truly global and inclusive. “

The FinPass solution

CI & T’s FinPass solution won the “Convenience” category, which recognizes 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 facilitate newcomers’ access to credit and to settle in new countries. The company’s goal 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 took part in the challenge and NoFrontiers from CI&T was one of the four winning teams. Each winning team will work with one or more of the four banks – CIBC, Itau Unibanco, National Australia Bank and NatWest Group – to convert their innovative idea into a proof of concept.

The CI&T NoFrontiers team includes: Alex Nobre Ribeiro, Carlos Roberto Nogueira Junior, Daniel Cobianchi, Felipe dewulf, Karen Bizanha, Leandro Duran, Leonard Mattiazzi, Namaste Menegassi and Rafael Turon.

Find more details about the challenge here.

About CI&T

CI&T is a global digital specialist, an end-to-end digital transformation partner for more than 50 large companies and fast growing customers. As digital natives, we have 26 years of experience accelerating business impact with comprehensive 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 strategy, data science, design and engineering professionals, unlocking top line growth. business, improving the customer experience and promoting operational efficiency.

Christee song
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