FinTechathon: Beat the Banks' Billion Dollar Problem
Every year, banks spend billions on anti-money laundering controls (AML), Know Your Customer (KYC) and transactions monitoring; when they get it wrong they are fined… BIG.
Banks also spend billions on process and technology to safeguard their customers’ data and preventing fraud. Complying with these regulations is, naturally, dubbed Compliance and we’re on a mission to find game-changing new ideas.
So, join us for 48hrs of Compliance innovation and some serious hacking at the very first FinTechathon Asia held at the iconic Singapore Exchange!
WHO ARE WE LOOKING FOR?
Developers, Designers and Business minds.
Do you work in a bank and face Compliance issues day in day out? Are you most at home plugged into your computer deep in code? Or do you love designing up new solutions? Yes? Then sign-up now!
THE CHALLENGES
- How can financial institutions better protect their customers’ data against fraud? for example, credit card fraud, e-commerce fraud
- How can new technologies be used to improve customers’ onboarding experience?
- How can financial institutions more efficiently monitor transactions to prevent against fraud? for example within payments, trade finance, settlements.
- How can financial institutions better manage SME credit rating to improve access to finance and decrease fraud?
THE PRIZES
- $2,500 – Best Overall Concept
- $500 – Best Pitch
- $1,000 – Best Technical Solution
- $1,000 – Best Challenge Fit
THE RULES
- Pre-hacking is welcome, but not compulsory
- Minimum team size 2, maximum 5.
- All teams to be formed and challenge statement submitted by 10:00AM, 10th Oct
- Building a working prototype is not compulsory, we will accept wireframes and a solid business plan
- However, extra points (10/50) will be available for teams with working code
- All IP belongs to Hackers
THE PARTNERS
Prizes sponsored by:
Venue sponsored by:
In partnership with: