Test Payment System
Join us and provide us your solutions
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#test #ft
The journey of Test Payment System
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Register with Us
Register with us
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Submit your Proposals
Post your proposals for our problem statements
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Shortlisting on Finalists
The best proposals will be shortlisted by our experts
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Submit your Solutions
Post your solutions for our problem statements
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Declaration of Winners
The best solutions will be shortlisted by our experts
Register with Us
Register with us
Submit your Proposals
Post your proposals for our problem statements
Shortlisting on Finalists
The best proposals will be shortlisted by our experts
Submit your Solutions
Post your solutions for our problem statements
Declaration of Winners
The best solutions will be shortlisted by our experts
All timings are as per (GMT +8:00) Singapore, Beijing, Perth, Hong Kong
Organized By
About Us
We at the Financial Alliance for Women are the leading peer-learning organization for financial services providers targeting the female economy, a large, fast-growing and underserved market. We acknowledge that fintechs are well-positioned to tap into this market, as showcased in our research launched in October 2020, “How Fintechs Can Profit From the Multi-Trillion-Dollar Female Economy.” The Alliance Hack was born to help fintechs embrace this win-win opportunity.
The Alliance Hack — in its second edition — will leverage the Alliance's deep expertise to support fintechs in developing solutions for women business owners to access financial products and accelerate their business growth. It will also connect fintechs with global financial services providers that have similar objectives and allow them to pitch their solution in front of a judging panel of global leaders in the financial sector and champions of the female economy.
The Hackathon offers clinics, as well as business and technical mentoring support to participating fintechs to help them validate their tech solutions and develop sound business models with the potential to meet the real needs of women business owners and transform women's investment capabilities.
And so, we’re inviting start-ups and established fintechs to innovate scalable solutions that can break down systemic barriers and unlock the full power of the female economy. Our hackathon challenges will call for tech-based solutions and proofs of concept (POC) that financial services providers can use to serve the women’s market and that women can use to access financial services and be fully included in the financial system.
Problem Statements
The Alliance Hack will leverage the Alliance's deep expertise to support fintechs in developing solutions to support women business-owners' access to and use of financial products, to create supportive business development services to accelerate their business growth
Risk, Compliance & Fraud Monitoring
Use of synthetic data to supplement a lack of historical data for fraud or risk monitoring AIDA solutions is becoming common. However this increasing reliance on synthetic data may lead to risks of unintended bias.
How can fairness be incorporated (i) in the use of synthetic data and (ii) when designing and testing such AIDA algorithms? This includes generating, handling, and testing of synthetic data to prevent false positives or disadvantages to specific groups.
Data Sets
APIs
- Digital Asset AML (Uppsala Pte Ltd): Enables a financial application to query the Uppsala Security Threat Reputation Database (TRDB) and validate crypto address reputation in real-time. Specifically, it can be used as a plugin for Anti-Money Laundering (AML), Anti-Coin Laundering (ACL) and Crypto Asset Fraud Detection System (FDS).
- Intellect Design (Account Onboarding): It accepts the information relating to the holders and creates a relationship between the holders. It also checks for AML for the holders, along with performing biometric and other checks. The system captures the holders’ signatures, and the process is customised as per regulation.
- Solis Onboarding: This API enables KYC screening against sanction lists, PEP lists and adverse media publications.
- Data Zoo API: The API can be used for identity verification and PEP Screening for AML checks.
AWARDS
What's In It For You
Alliance Hack will support fintechs in developing solutions to support women business owners’ access to
Up to $25,000 cash prize
First-place prize is $25,000 in addition to a free year-long subscription to APIX and AWS credits up to USD$25,000.
Get the chance to participate in a global incubator program for financial inclusion
Three winners will get the opportunity to enter the finals for global accelerator programs such as Monetary Authority of Singapore, Mastercard Start Path, IBM Hyper Protect Accelerator and Enterprise Ireland.
Receive capacity-building support
The top three winning teams will become members of the Financial Alliance for Women for a full year, enabling access to a network of global FSPs, mentoring, peer learning opportunities, and to the Alliance's proprietary tools and knowledge products.
Eligibility
- We welcome start-ups, small and medium-sized enterprises (SMEs) and multinational corporations (MNCs) from all geographies to participate in the Global Veritas Challenge 2021.
- Participants must be a legally incorporated entity.
- As the Hackathon will operate in English, all materials and communications submitted must be in English.