Hackathon Kartika Test
Hackathon Kartika Test
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#tikatest
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#TEST
APIX was launched in 2018 to enable financial institutions to assess their Artificial Intelligence and Data Analytics (AIDA)-driven solutions against the principles of Fairness, Ethics, Accountability and Transparency (FEAT). The FEAT principles were co-created by MAS and the financial industry to provide guidance to firms offering financial products and services on the responsible use of AIDA and to strengthen internal governance around data management and use.
[Click here] to read the whitepaper that explains the Veritas Fairness methodology.
[Click here] to watch an introduction video about the Veritas Fairness methodology
[Click here] to read the whitepaper that illustrates the methodology in two banking uses cases (Credit Risk Scoring & Customer Marketing).
[Click here] to access the two open-source codes to illustrate the Veritas Fairness methodology in two banking use cases (Credit Risk Scoring & Customer Marketing).
The concept: Fairness
Using the Global Veritas Challenge 2021 as the first step to implement Responsible AI, we will focus on the Fairness principle during this challenge.
Who can join?
We are inviting AI firms, FinTech firms, start-ups, financial institutions and tech solution providers across the globe to develop innovative technology-based solutions that can help financial service providers adhere to the Fairness principle. This would guard against bias and improve access to financial services.
How the challenge works
The Fairness problem statements have been grouped into four themes, and participating teams can select any one of the problem statements below to develop scalable and practical solutions addressing them.
Based on the proposals submitted (during registration), up to 10 teams will be selected to receive mentorship from subject matter experts and be given access to the APIX AI Sandbox (Veritas) to prototype their solutions. The APIX AI Sandbox (Veritas) is a comprehensive testing and development platform that will include data sets and APIs that teams can use as part of their solutions. From these 10 teams, three winners will be awarded S$50,000 each and the opportunity to present their solutions during the Singapore FinTech Festival
Bringing your solutions to life
On top of the cash prize, the 10 finalist teams will stand a chance to work with banks to implement their solutions. Banks may be eligible for up to S$1.5M in funding support under the AIDA grant for qualifying projects. Finalists will also have the opportunity to be part of the Veritas project in 2022 to further expand their solution with financial support.
For more information
Visit www.apixplatform.com
Problem Statements
The problem statement categories, representing different functional objectives of CBDCs have been proposed for this year's G20 TechSprint.
Within each of the categories, a Main Problem Statement has been identified together with two Optional (bonus) Problem Statements. These were developed in consultation with the G20 and represent common high priority gaps and opportunities where innovative technology solutions in the CBDC space and sought.
Teams will need to register for one of the categories (either A, B or C) and submit proposals that addresses the Main Problem Statement. In addition, teams may also submit proposals to address the additional functionalities listed in either or both of the Optional Problem Statements.
Teams that successfully address the Optional Problem Statements will be awarded with bonus scores. However teams that do not address the Main Problem Statement and only the Optional Problem Statements will be disqualified.
Problem Statement #1 - Enabling Connectivity
Interested Teams need to propose solutions that addresses how CBDC platforms can enable payments in an efficient, scalable manner that complies with regulation.
In 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?
Problem Statement #2 - Marketing
How can validations and controls be built
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?
AWARDS
Win the Cash Prizes $100,000
Win the Cash Prizes $100,000
1st Winner
First place prize is SGD $50k in addition to one year free subscription to APIX and AWS credits up to USD $50k
2nd Winner
Second place will win SGD $35k in addition to one year free subscription to APIX and AWS credits up to USD $35k
3rd Winner
Second place will win SGD $15k in addition to one year free subscription to APIX and AWS credits up to USD $15k
Eligibility
- The competition is targeted at Firms or Teams from all countries and jurisdictions interested in solving CBDC challenges posed in the problem statements and have a good track record of developing scalable technology solutions.
- The competition is open to all participants who meet all of the following criteria:
- Fully complete the registration and proposal submission process by the stated deadline within the framework of the G20 TechSprint 2022's three Problem Statements; and
- Are not an employee of the organising organisations (Bank for International Settlements and Bank Indonesia), or any of its subsidiaries, or an immediate family member of any such employee. - Team leaders must fully register their teams and submit their proposal(s) to one or more problem statements by the close of the registration period. Teams are encouraged to register early. Registrations to specific problem statements may close once the application cap on that problem statement is reached. Participation is free of charge.
- Each participant can only join one Team. Each team (typically comprising 3 to 8 participants) can submit one proposal for each problem statement. Teams are allowed to apply for more than one problem statement, but they can only be shortlisted for one problem statement.
- All participants must agree to the terms and conditions of the G20 TechSprint 2022 and the Technology Provider's platform usage conditions (AFIN APIX) before they can submit their registration.
- Teams will retain the title, rights of ownership, or intellectual property rights of any kind regarding the solutions and any related information submitted or developed on the platform in response to the problem statements.
- Final submissions from all shortlisted teams will need to be made available to the judging panel via the Technology Provider's hackathon platform. Teams declare and guarantee that:
- they have all necessary authorisations, permissions, licenses, and agreements to participate in the G20 TechSprint and for all material uploaded to, or developed on the platform;
- their participation in the G20 TechSprint and their submission of solutions comply with all applicable laws, rules, and regulations. - If the judging panel selects one of the team's solutions as a winning solution, the team agrees to present the solution in a manner and format agreed with the organisers.
- By registering for the TechSprint and accepting the terms and conditions, Teams' agree to grant Bank Indonesia, the BIS, and/or the appointed Technology Partner the right to use, distribute to the public, and publicly display the Projects submitted during the Event for the purposes set forth in the G20 TechSprint Terms and Conditions, including the right to publish the Projects on the site and/or on other communication, analogue, digital and paper channels.
- The Hackathon will operate in English. All materials and communications submitted in connection with the Hackathon must be in English.