MetLife Announces 6 Finalists for “collab 2.0”
October 10 2017 - 5:31AM
Business Wire
Exceptional response with over 111 applications
from 24 countries received to compete for the chance to win a JPY
10 million* contract
LumenLab, MetLife’s Singapore-based innovation center, today
announced that it has selected 6 finalists for its startup
engagement program, collab 2.0, an open innovation platform
matching startups with the right opportunities within MetLife
Japan.
collab 2.0, launched in August 2017, aims to provide a platform
for innovators to tackle the business needs of tomorrow and to work
on solutions to known challenges in the areas of customer
engagement, sales, backend operations, and frontend operations.
collab 2.0 attracted over 111 applications from 24 countries
around the world. Following a rigorous application review process,
6 startup applicants have been selected to pitch their business
ideas to senior MetLife executives at the demo day on 8 December
2017.
Zia Zaman, LumenLab CEO and Chief Innovation Officer of MetLife
Asia said, “We’re delighted with the ongoing strong response to our
collab program from start-ups around the world. The quality and
caliber of the submissions was very high. Our finalists represent
the best in creativity and innovation, and brought fresh thinking
to address the evolving needs of the insurance customer. We look
forward to working with them over the coming months.”
The 6 startup finalists are Concierge U, Gnowbe, Moneytree,
Montoux, TrustSphere, and WorkFusion. The strong final line up
showcases an exciting mix of ideas and technological solutions
ranging from artificial intelligence (AI), predictive analytics, to
robotics process automation (RPA).
Over the next 2 months, the finalists will receive assistance
from MetLife Japan “staff champions”. MetLife Japan has assigned
over 25 “staff champions” to assist the finalists, underscoring its
commitment to talent development as it promotes a culture of
innovation in the workplace.
LumenLab will host the collab 2.0 demo day on 8 December 2017 in
Tokyo. The judging panel will comprise nine senior executives from
MetLife Japan and LumenLab. The successful finalist will receive a
JPY 10 million contract to implement a pilot within MetLife
Japan.
For more information on collab 2.0 and the 6 finalists, visit
http://collab.lumenlab.sg/#finalists.
* This amount equates to approx..US$88,775 based on the FX rate
of 1USD:JPY112.64 as at 04Oct2017
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 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 MetLife Japan
MetLife started operations in 1973 as the first foreign life
insurance company in Japan. Since then, it has provided an
innovative and broad range of products through diverse distribution
channels to individual and institutional customers. It currently
operates as a Japanese corporation, MetLife Insurance K.K. MetLife
is committed to providing trusted navigation to help people become
more self-reliant and able to pursue more from life. For more
information, visit http://www.metlife.co.jp/.
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, symbolizes 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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Media:MetLife AsiaPhoebe SoCommunications,
Asiaphoebe.so@metlife.com
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