MetLife Announces Uniphore as Winner of collab
May 19 2017 - 6:21AM
Business Wire
US$100,000 award concludes MetLife’s successful
inaugural corporate – startup engagement program
LumenLab, MetLife’s Singapore-based innovation center, this
evening announced Uniphore as the winner of its inaugural
corporate-startup engagement program, collab, following the demo
day which took place today in Singapore. In addition to the overall
winner, two outstanding projects, Democrance and Flamingo received
the “Judge’s Selection” award.
collab launched in November 2016, attracted over 135
applications from 34 countries worldwide. Based on known challenges
in the areas of customer engagement, sales process, operations, and
new business model, 8 finalists competed to be the overall winner
and receive a US$100,000 contract to implement their solution in
MetLife.
“This competition brought out some of the best start-ups in the
insurtech space. We believe that innovation platforms such as
collab are key in identifying implementable solutions to better
meet the changing needs of our customers,” said Chris Townsend,
President, MetLife Asia. “We congratulate all of the finalists, and
in particular Uniphore on winning this competition.”
Uniphore, founded in 2009 and with offices in India and
Singapore is a speech recognition solutions company. Their
solutions extend the power of speech to revolutionise human-machine
interaction. This allows any software application to understand and
respond to natural human speech, and facilitates both customer
engagement and loyalty build. Uniphore has worked with over 70
enterprise customers and served over 4 million users.
During the demo day event, the finalists presented their
business ideas to 9 senior MetLife executives. The finalists were
allotted 30 minutes to make their pitch and evaluated on their fit
to problem statements and the quality of their solutions. Other
points of consideration were product differentiation, team
experience, and the completeness of their implementation plan.
The 8 start-up finalists were Capabiliti, Democrance, Digital
Fineprint, Flamingo, Good Parents, Shift Technology, Sureify, and
Uniphore. The broad range of solutions showcased included
artificial intelligence (AI), predictive analytics and wearables
for kids. The finalists received coaching and training from Oliver
Wyman, PwC’s venture hub in Singapore, and Velocity (ACP’s
accelerator arm).
“The pitches from all our finalists were impressive, which made
our job of selecting an overall winner very difficult,” said Zia
Zaman, LumenLab CEO and Chief Innovation Officer of MetLife Asia.
“Each finalist presented something exciting and ground breaking.
The “open innovation” construct, combined with access to
“champions” from across the business made for a mutually beneficial
experience. We’re excited to work with Uniphore, Democrance, and
Flamingo over the coming months to bring their solutions to life at
MetLife and have them benefit from our business scale.”
For more information on Uniphore, Democrance, Flamingo and all
the finalists, please visit http://collab.lumenlab.sg
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates ("MetLife"), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
About LumenLab
As MetLife's pioneers for disruptive innovation, LumenLab is
charging ahead to create new businesses in health, wealth and
retirement. Lumen, a measure of light, symbolises our commitment to
illuminating a new path for solving the problems that the people of
Asia face today. Through our focus on building new products and
services grounded in technology and data, we aim to help people
achieve richer and more fulfilling lives. For more information,
visit www.lumenlab.sg.
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version on businesswire.com: http://www.businesswire.com/news/home/20170519005242/en/
MetLife AsiaAshia RazzaqHead, Business Communication,
Asiaashia.razzaq@metlife.comorRHT Communications & Investor
RelationsRoger Poh, +65-9455-2690Directorroger.poh@rhtcir.com
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