Overall Score: 6.50 / 9.00
Category Average Score: 5.83
RemitONE with their Compliance Manager received a judge’s mention for “Solution for De-Risking”, which got them a spot on the Industry Choice ballot. Participants of the Global Forum on Remittance Investment and Development hosted by the Central Bank of Malaysia, International Fund Agriculture and Development, and the World Bank voted on the RemTECH Award winners and mentions. RemitONE came up on top with RemitONE also receiving the Industry Choice Award.
RemitONE’s solution empowers regulators to easily view the information they need to make compliance decisions in real time. Perhaps that’s the reason the RemTECH judge made the following statement about why they deserve a Mention:
“RemitONE’s solution shows that they understand the problem that needs to be addressed and have built a solution to it, rather than many others which have a solution but are not addressing a real world problem. It is particularly noteworthy because their solution helps not just MTOs but regulators as well and could make a major difference to the problem of derisking.”
The judging panel used the RemTECH Awards 2018 voting decentralized application developed by Yokip Consulting with Horizon State technology, which stores each of the judge’s ballots on the Ethereum blockchain by category via a category-specific smart contract. The results for RemitONE Compliance Solution are publicly visible for audit on the Ethereum explorer at the following B2B Solutions smart contract address. This data is unalterable. The judges and entries were assigned reference numbers to maintain their anonymity. The scoring from the judges are presented below for readability with additional averages calculated for analysis and to determine winners.
|Judge Average Score||Originality, Creativity & Intent||Functionality & Technical Qualities||Ease of Use & Adoption||Game-changer||Implementation & Performance||Sustainability & Potential for Growth|
Industry Choice Award
The RemTECH Awards is designed to showcase the latest in remittance innovation to the industry. RemitONE was presented their award at the ceremony, which is hosted at the Global Forum on Remittance, Investment and Development (GFRID 2018) organized by the Bank Negara Malaysia, the International Fund for Agricultural Development (IFAD), and the World Bank in Kuala Lumpur, Malaysia.
The RemitONE Compliance Solution also made it on to the ballot of the Industry Choice Award. All registered GFRID 2018 participants will have the opportunity to cast their ballot in this last part of the RemTECH competition. For the past ten years, the GFRID gathers Member States, international organizations, private sector, and civil society from different regions of the world with the aim of raising awareness, and promoting dialogue and collaboration between stakeholders over the most pressing issues facing migrant remittances towards sustainable development. GFRID 2018 participants will represent stakeholders in the remittance industry, particularly in Asia-Pacific, and will make for qualified voters in this final award.
The industry vote will also be using the Yokip Consulting and Horizon State blockchain voting application. In this version, the votes will not only be stored on blockchain but also will be tallied using the application without any additional human interference.
About The RemTECH Awards
The RemTECH Awards were created by IMTC Conferences to highlight the important role of technology in achieving United Nation’s SDGs. Since 2017, they showcase ground-breaking solutions that contribute to the development, transparency, speed, cost, and reliability of the remittance industry. The Director of the RemTECH Awards, Hugo Cuevas-Mohr, stated: “We are extremely happy to be a platform for companies, start-ups, and entrepreneurs who are changing the industry of remittances for good, to get global acknowledgment of their hard work. Remittances are a celebration of the hard work, sacrifice, and generosity of international workers, and we are very proud about highlighting people that will help the industry to better itself.”
For further questions, comments, and concerns on winner selection contact RemTECH Co-Chair Olivia Chow at email@example.com or on Twitter @OYokip
For press inquiries contact Marketing Coordinator Florencia Miller at firstname.lastname@example.org