Asset Finance International logo

PowerUP LONDON

WINTER PITCH SUMMIT 2019

PowerUP logo

AI IN AUTO AND EQUIPMENT FINANCE

IAFN WINTER CONFERENCE
12 DECEMBER 2019

In collaboration with 

Theorica logo

 PowerUP LONDON is a pitch competition that brings together innovators and an international audience of industry leaders in auto and equipment finance.

"We want to identify promising innovations can change auto and equipment finance. We know that there are thousands of promising innovations, but few of them are likely to be seen and so have any impact. We think that by subjecting them to a close hard look by leaders in the industry we'll accelerate change." 

Peter Thomas co-founder PowerUP LONDON, CEO and Founding Partner THEORICA.

PowerUP LONDON Winter 2019, part of the Asset Finance International event on 12 December, focused on how machine learning and AI are driving change in auto and equipment finance.

Always early adopters of emerging technologies, companies in the financial services industry are rapidly embracing Machine Learning (ML) and Artificial Intelligence (AI).

And the benefits are obvious: research analyst Autonomous estimate the savings across front, middle and back offices to be 20% and the total global impact of AI and ML to be over $1 trillion. Crunchbase lists almost 9,000 ML startups, and almost $10 billion was invested in AI startups in 2018 according to PwC.

 

About PowerUP

Entrants to PowerUp may be: 

– disrupting routes to market through innovative partnerships with finance organisations

– overhauling technology systems to provide new efficiencies, for example using open banking technology

– developing new technology-driven ways to reduce credit risk or manage residual value risk

– revolutionising the nature of finance through new products or hybrid forms of lending

– managing the regulatory and compliance burden

– driving the emerging trend towards servitisation.

PowerUP LONDON
WINTER 2019
WINNERS

IAFN/POWERUP OVERALL SPONSOR

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OVERALL AWARD WINNER

Intrador logo

Pitched by Niels Spitters Founder and CEO Intrador

The urge and necessity to obtain, use, and exchange data quickly and reliably is growing constantly. Intrador, together with its customers, is responding to this with new and smart technologies by continuously working together on a future-proof dataset. Intrador’s MarketWatch generates vast amounts of unstructured data on used equipment assets including a dataset of more than 18 million labelled images including details of machine, brand, year of build, hours of operation and condition.

https://intrador.com/en

WINNER OF THE TECHSTARS AWARD 
SPONSORED BY

Simply logo
IBM logo

Pitched by Toby Woolfe Big Data Automotive Leader IBM

AI driven maintenance services using IoT asset data to monitor the usage of the asset and to track wear and tear in order to predict in advance of a breakdown when the asset needs maintenance and repairs.

https://www.ibm.com/uk-en/industries/automotive

WINNER OF THE CHANGEMAKERS AWARD
SPONSORED BY

Aldermore logo
Quickfi logo

Pitched by Bill Verhelle CEO Innovation Finance

QuickFi is a software platform owned by Innovation Finance LLC which delivers equipment finance simply and easily through an app in about three minutes.

https://quickfi.com/

WINNER OF THE INNOVATORS AWARD
SPONSORED BY

VIP Apps Consulting logo

We have selected three finalists who will pitch at PowerUP LONDON.

Based on the opinion of the judges, plus a live poll from our audience, the winner will be selected to the overall IAFN/PowerUp LONDON Winter 2019 Prize.

PowerUP FINALISTS

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CHANGEMAKERS

Nominate one of your suppliers or partners who you think will change the future of the industry.

This category is for emerging ML and AI startups who have caught the eye of established auto and equipment finance companies for their innovative platforms and services. Get wider exposure at the IAFN Winter event 2019 to customers, partners and collaborators.

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TECHSTARS

Nominate your startup and your innovative AI and ML technologies

You are a startup who wants to demonstrate how your technology can drive change in auto and equipment finance. Connect with an audience of over 450 senior delegates from OEMs, manufacturer captives, banks and independent finance providers.

PowerUP THEMES

There are many applications of ML and AI and here are just some of the possible areas where we would expect to see entries to PowerUp Winter 2019:

- in-life services 
- payment models
- sales support 
- fleet tracking
- marketing analytics
- risk profiling and credit modelling
- reducing the cost to serve
- fraud identification
- managing compliance workflows
- managing large and complex data sets
- multi-source data merging 
- high-frequency data training using ML

WHY ENTER

Those selected will

- Pitch and demo on-stage for 5 minutes followed by 5 minutes of questions

- Receive free tickets to attend IAFN Winter 2019

- Feature in the IAFN Winter 2019 fintech alley where you can meet potential customers, investors, partners and collaborators

- Finalists' pitch videos will be featured on the IAFN website

HOW TO ENTER

The closing date is 2 DECEMBER 2019.

Please submit a pre-pitch submission of no longer than 2 A4 pages as PDF to:

powerup@assetfinanceinternational.com

The submission should outline:

- the AI or ML technology expressed in accessible language

- the application of the technology for auto and equipment finance with specific examples of application scenarios, benefits and future opportunities

- a brief company profile

- the category (and for the 'Changemakers' category, the nominating company).

Pre-pitches will be independently scored by a panel of four judges.

The top 2 pitches in each category will be selected to pitch at the IAFN Winter 2019 conference on 12 December.

PowerUP JUDGES WINTER 2019

Image of Graeme Bannister

ANDREW DENTON

Chief Executive Officer
Alfa^
Alfa logo
Image of Tom Bull

SHARON BUTLER

Director of EMEA Leasing & Financing
HP

HO logo
Image of Adrian Samareanu
DANIEL LAYNE
CEO
Quotevine
Quotevine logo
Image of Peter Thomas

PETER THOMAS

CO-FOUNDER, POWERUP
CEO & Founding Partner
THEORICA

Theorica logo

PREVIOUS PowerUP JUDGES 

Jonathan Andrew PEAC
Andrew Denton Alfa^
Graeme Bannister InMotion Ventures
Ashley Barnett Lex Autolease
Tom Bull EY
Adrian Samareanu
Volvo Financial Services
Ian Smith 1PM

AWARDS

Based on the opinion of the judges, plus a live poll from our audience, a winner will be selected in each category to win an IAFN/PowerUp LONDON Winter 2019 Award for each category which will be presented at the IAFN awards dinner.

One of the winners will also be awarded the overall IAFN/PowerUp LONDON Winter 2019 Prize.

PREVIOUS PowerUP LONDON WINNERS

PowerUP LONDON
SUMMER 2019

Wiserfunding logo

CATEGORY WINNER
WISERFUNDING
wiserfunding.com

Checkventory logo

OVERALL WINNER
CHECKVENTORY
checkventory.com

Drover logo

CATEGORY WINNER
DROVER
joindrover.com

Wiserfunding logo

FINALIST
FAIROWN FINANCE
fairown.com

Checkventory logo

FINALIST
HELIOCOR
heliocor.com

Drover logo

FINALIST
QUOTEVINE
quotevine.com

PowerUP LONDON
SUMMER 2018

Wiserfunding logo

FINALIST
DOVU
dovu.io

Checkventory logo

WINNER
TOMORROW'S JOURNEY
tomorrowsjourney.co.uk

Drover logo

FINALIST
CAZANA
cazana.com

PowerUp LONDON LOGO

PowerUP
LONDON

powerup.finance

TERMS AND CONDITIONS

CONFIDENTIALITY Pre-pitch submissions are confidential and will only be shared with the conference organiser and judges. ENTRIES You may enter PowerUP LONDON enter as many times as you wish in the 'Innovators' and 'Techstars' categories. You may nominate as many companies as you wish in the 'Changemakers' category. JUDGING Judges will independently score each pre-pitch submission before selecting finalists to pitch at the event. WINNERS The winners will be selected based on the judges' opinions and a live audience poll at the event. All decisions are final. FINANCIAL REWARDS There is no financial reward associated with PowerUP LONDON.