Finfest Hackathon
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#test
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Problem Statements
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Interested Teams need to propose solutions that addresses how CBDC platforms can enable payments in an efficient, scalable manner that complies with regulation.
Problem StatemenIn addition to the Main Problem Statement, Teams who wish to compete for bonus scores can also submit proposals to address Optional Problem Statement 1, Optional Problem Statement 2 or both.
Do note that if selected, shortlisted teams who have indicated a desire to attempt the Optional Problem Statements would need to be able to develop and incorporate these added functionalities into their main prototypes.
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Main Problem Statement: How might we link up CBDC platforms to enable cross border payments (PvP and DvP) in a manner that is efficient, scalable & comply with the regulation.
Optional Problem Statement 1: How might we enable connectivity and interoperability with other CBDCs, with existing domestic payment rails (including national payments rails & privately operated e-money rails), and with other FMIs to enhance adoption and usage?
Optional Problem Statement 2: How might we enable connectivity between CBDC and other DLT platforms to settle transactions in cash and/or securities (including DvP) in a manner that is secure, fast, and easy to implement?
t Detailed Description
Financial institutions are increasingly adopting AI-based marketing, which involves use of external customer datasets such as social media and marketing data.
How can validations and controls be built to diagnose and assess the fairness of an AIDA marketing solution which uses acquired external data?
Supporting Assets
Datasets
APIs
- Meniga Digital Banking: Uses data to accelerate innovation and meaningful engagement by providing APIs to improve and personalise the online banking experience.
- Intellect Design (1): This API provides insights across various cross sell opportunities and compliance deviations.
- Intellect Design (2): This API module includes several endpoints enabling channels and third parties to extract various aspects of customer data.
- Instafin API: Lookup Client: Fetch financial institution end-client data.
- Intellect Design (Prospect Management): The Prospect API module includes several endpoints to allow channels, CRM systems and third parties to manage various aspects of Prospect.
- APIX Digital TWINN (Customer Management 2.0): Customer Management APIs allow onboarding of customers, while retrieving customer information/details from the Core Bank, and updating customer details.
AWARDS
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