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ModelDrivers team wins industry innovation prize at FCA Hackathon

ModelDR has helped the Red Team to win the industry innovation prize at the FCA Hackathon.

The 4 minute presentation by our Red Team showed how the regulatory reporting value chain can be re-engineered. We demonstrated 30% savings for the industry. The other half of Red Team was BearingPoint, the German based firm supporting the Abacus regulatory reporting platform.

The FCA Sprint event was conducted last week (early Nov 2016). It was the second hackathon by the FCA innovation team. PA Consulting hosted at their innovation labs in Cambridge UK. Other firms participating includes HP, Accenture, ClauseMatch, RegDelta, Credit Suisse, HSBA And Mondo Bank.

The FCA will be posting in full on their site at the end of the month (Nov 2016).