MIAMI, May 31, 2017 /PRNewswire/ -- Entries for the Remittance Innovation Awards (RemTECH Awards), whose aim is to showcase the most innovative and outstanding ideas, models and projects designed to improve remittance services worldwide closed this past weekend, May 28th. Thirty-six entries were received from all over the world and close to thirty thousand votes were collected in approximately two months, organizers announced.
The entries are being now judged by an independent judging panel who is selecting the nominees that will be presented at The International Money Transfer & Cross-Border Payments Conference IMTC USA 2017 in San Francisco on June 13 and the winners will be announced at the formal RemTECH Awards Ceremony on June 15 at the GFRID2017 organized by the International Fund for Agricultural Development (IFAD), the World Bank and the United Nations Department for Economic and Social Affairs (UN-DESA) in New York City at the United Nations Headquarters. The International Day of Family Remittances (IDFR) will be celebrated on June 16 in the context of the GFRD2017 followed by an Evening Night Cruise in New York Harbor hosted by IMTC.
The GFRID2017 is a by-invitation-only event and final applications to assist are closing today, Wednesday, May 31st.
The Independent judges who have been analyzing the entries and are submitting their conclusions include the top consultants and experts of the industry Luis Buenaventura, Greta Geankoplis, Leon Isaacs, Faisal Khan, Yakov Kofner, François Briod, Juan Llanos, Sofia Freyder and Mehul Dasai. Entries have included some of the top brands in the industry, to groundbreaking fintechs and specialized tech-based solutions that will undoubtedly benefit the market ecosystem, improving transparency, speed, cost and reliability for the companies and end-users that send and receive remittances every day.
Hugo Cuevas-Mohr, Director of the RemTECH Awards, stated: "We are grateful to the individuals & companies that entered the first edition of the RemTECH Awards and we have announced that we will be organizing the second edition of the Awards in 2019 to continue to encourage the industry to evolve and fintechs to develop more services & products for the International Money Transfer & Cross-Border Payments. We are happy to be part of the GFRID2017 and the celebration of the International Day of Family Remittances (IDFR)."
As part of the celebrations of the IDFR, every industry participant is signing a pledge to work together to enhance innovative financial technology, provide greater efficiency and lower the cost for a more accessible financial sector and calling upon governments, regulators, financial institutions and development actors to join forces towards this common goal.
LINKS: RemTECH Awards: http://remtech.org/; IMTC USA 2017: http://imtconferences.com/imtc-usa-2017/; Global Remittance Forum: http://bit.ly/GFRID2017RT; International Fund for Agricultural Development (IFAD): http://www.ifad.org; International Day of Family Remittances (IDFR): http://www.un.org/en/events/family-remittances-day/
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