The BankInnovate Challenge is targeted at teams from all countries interested in developing technological solutions to address the identified problem statements and who have a proven track record of delivery – whether that is writing software, designing user experiences, or product management. The competition is open to all participants who meet all of the following criteria: i. Fully complete the registration and proposal submission process by the stated deadline w; ii. Are not an employee of the organising organisations (Saudi Awwal Bank), or any of its subsidiaries, or an immediate family member of any such employee. Participation in the Hackathon is expected in the form of teams (typically comprising 3 - 8 participants). Shortlisted Teams will need to demonstrate that they have a deployable and scalable solution to the identified problem statement by the time of the final judging. If you are under 18 years of age, parental consent is required.

You will have to agree to the terms and conditions of the BankInnovate Challenge and the Event Platform’s user requirements at the point of registration. Participants should also note that the Hackathon will operate in English. All materials and communications submitted in connection with the Hackathon must be in English.

You can form a team to participate in multiple problem statements. However, we recommend that each team only competes in one problem statement and focuses on its strongest area of specialisation. A team can only be shortlisted once, and each participant can only join one team.

Interested teams should click on the registration tab and complete fully the registration questionnaire before the registration deadline. Teams should also fill in fully the details of their proposed solution (s) in the relevant sections of the questionnaire. If teams wish, they can submit supplementary material relevant to their proposed solution (s) in the attachment section and/or links to short explainer videos. This would be treated as supplementary reference material and reviewed only if the written proposal in the questionnaire is assessed to have sufficient merit.

No. The physical location of the participant does not matter. We welcome solutions from all jurisdictions and will work with the participants to facilitate an effective presentation of the solution during the judging phase. Do take note the entire challenge will be conducted virtually due to ongoing travel restrictions.

There will be 2 rounds of judging. The first round will select up to 10 finalists, based on the desirability, feasibility and viability of the proposed solution to the problem statement. Finalists will be selected and informed by September 30 2024, before they proceed to prototype their proposed solution. In the second round, the top 10 finalists’ solutions will be evaluated to select up to 3 winners.

Selected teams will take part in dedicated clinics (workshops) to better understand the women's market proposition and the opportunity behind the female economy. In addition to business and technical workshops. Participating teams will also recieve guidance, expert advice and full sandbox access on the APIX platform.

NO. You cannot request for re-evaluation. The decision of the judges shall be final and binding. Reserve Bank of India reserves all rights with respect to the event.