Interview with RemTECH Awards founder Hugo Cuevas Mohr answering questions about the coming awards.
What are the RemTECH Awards?
The Remittance Innovation Awards (RemTECH Awards) were developed to showcase the most innovative and outstanding ideas, models and projects designed to improve remittance services worldwide. We want to bring Fintech to the remittance industry and encourage companies, groups, collectives or individuals to show ground-breaking solutions that can benefit the market ecosystem, improve transparency, speed, cost and reliability for companies, for the distribution networks, and of course, the millions and millions of end-users that send and receive remittances every day.
How’s the process to participate?
We have made it very easy we think. Entrants come to our webpage, give their entry a name, pay the inscription fee and then fill the entry form, which is not long. They can choose the categories that they feel their entry fits and provide links to any information online they have up. The information provided by the entrant will be put online and as soon as the entry is up, anyone can vote. Entrants can encourage colleagues, friends, etc. to vote and use social media to increase awareness.
Why is there a fee to participate?
Because our advisers, who have experience in these matters, suggested basically that a fee screens out many entries which are not serious and cloud the honest & serious ones. But, there is a but, the fee can be waived if the entrant contact us. We don’t want anyone that is serious about this to be left out.
How many entrants are you expecting?
Good question... Since it is the first year we will be pleased with 70-80…. I feel. Some of the judges feel we will get at least double that. The number of entries will be a measure of our capacity to spread the word and the innovation happening – or no- in the industry.
Who will be Judging the RemTECH Awards?
We have assembled a team of 11 judges presided by Greta Geankoplis and Luis Buenaventura. Both are industry entrepreneurs, fintech innovators, very smart, open minded and just great people. We have confirmations from Faisal Khan & Leon Isaacs, some of the best consultants in the industry as well as Juan Llanos, Sofia Freyder, Francois Briod and Yakov Kofner.
How are they going to determine the winners?
The whole process is very transparent, clearly spelled out on our web. judges will see the same information posted online gathering votes. They will have a scoresheet developed from the Judging Criteria, for example Originality, Creativity, Technical Qualities, Ease of Use & Adoption, Impact, Popularity (in the voting process), etc.
The scoresheet will determine the nominees and the judges will choose the winners from them. The Judging Panel will have a lot of leeway to choose unique awards to highlight qualities of different entries because, more than choose winners, the RemTECH awards is about igniting innovation, promoting ideas, encourage ,with exposure, the innovators in this space.
Will there be an award ceremony of sorts?
Yes, we will announce the nominees in San Francisco on June 13 as part as IMTC USA 2017, the International Money Transfer & Payments Conference and the winners will be announced in New York City at the Global Forum on Remittances, Investment and Development on June 15. All of this is part of the International Day of Family Remittances which will be celebrated on June 16 in the context of the Global Forum at the United Nations headquarters. The nominees and winners will be informed confidentially a couple of weeks before hoping they can make it to San Francisco or New York.
All the winners will receive this beautiful trophy?
Yes, it is beautiful and we are proud of the design. Every Nominee and Winner receives a certificate and all the coverage and promotion that we do online and on social media. For those who want a trophy we found an Awards Supplier who has this RemTECH Awards trophy design, that can be order directly with them. It has a cost to customize plus shipping & handling depending where in the world the entrant is based. Ah, and there is this small one to, which I like very much..