22 February 2017
Clifford Chance partners with Citi to launch Tech for Integrity Challenge in London
Clifford Chance is today partnering with Citi for the London launch of the global Citi Tech for Integrity Challenge (T4I), a landmark effort to encourage technology innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and beyond. T4I also sees Citi working closely with strategic allies include Facebook, IBM, Let's Talk Payments, Mastercard, Microsoft and PwC.
The initiative, led by Citi in collaboration with public and private sector allies, will provide public sector entities with access to tech innovators and their ideas on how to increase transparency and efficiency through a global open innovation competition. T4I will also provide the support and infrastructure that tech innovators need to tailor new technology solutions for this market.
Clifford Chance will provide legal expertise on topics such as financial crime and financial regulation as part of a virtual accelerator program to help participants enhance their competition submissions. The firm will also provide tailored advice, legal and regulatory training and support for selected finalists.
André Duminy, Partner at Clifford Chance said: "Clifford Chance is delighted to be part of T4I with Citi and its partners. We have always looked at Banks and other financial institutions as some of the world's leading "tech companies", albeit ones that operate in a heavily regulated sector. The industry is now being challenged by new technology, which has the ability to change everything for everyone – including for the better. Helping participants in the sector protect the integrity of the financial services infrastructure has, for decades, been one of our key roles as a firm and we embrace this new initiative as one that builds on that long history."