Exceptional response with over 111 applications from 24 countries
received to compete for the chance to win a JPY 10 million* contract
SINGAPORE--(BUSINESS WIRE)--Oct. 10, 2017--
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
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
LumenLab will host the collab 2.0 demo day on 8 December 2017 in Tokyo.
The judging panel will comprise nine senior executives from MetLifeJapan 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
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/.
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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Source: MetLife Asia