Fintech Hackathon comes to bring together future IT engineers, information technology enthusiasts, and specialized programmers interested in this industry to develop practical solutions in the field of finance.

 

For 3 days, you will acquire knowledge and experience on the pressing problems in the banking and financial field, will find out about the current challenges and will look for technological solutions for the development of the fintech ecosystem in the country.

Do you have an innovative idea? Do you represent a startup or a financial company? Sign up for the Fintech Hackathon and participate in the technologicalization of financial services.

AGENDA:

April 22 - Day 0 (tent. Thursday)

https://us02web.zoom.us/j/89463185120?pwd=aXlQdmdTaTVHS1hKMjhqRncxTUkrUT09

15:00 - 18:00 - Presentation of challenges and diving into context. Overview of the manual.

 

April 23 - Day 1 (Friday)
https://us02web.zoom.us/j/81575959074?pwd=TVNNR2MrOW0wMk9OR09GVWFDWC9lQT09

10:00 - Kick-off. Official part: presentation of Sponsors and organizers.

Agenda, organizational questions. Overview of deadlines.

10:30 - Presentation of mentors.

11:00 - Matchmaking of singles to form teams

12:00 - Teamwork. 

12:00 - Ongoing zoom room available for Q&A 

16:00 - Mentorship sessions
18:00 - summary of the day, agenda for Day 2, Q&A session

 

April 24 - Day 2 (Saturday) 

10:00 - Kick-off day 2

10:30 - Teamwork

12:00 - Mentorship Sessions

15:00 - Q&A session for teams

15:30 - Teamwork

18:00 - Summary of the day, agenda for Day 3.

 

April 25 - Day 3 (Sunday)

09:30 - Kick-off day 3

10:00 - Mentorship sessions

12:00 - The deadline for submission projects

15:00 - Announcement of 15 finalists (on Slack)

16:00 - Start of the Demo Day session

17:30 - Jury deliberation

18:00 - Announcement of the winner; review of the event, the closing of the hackathon, next steps for winning teams

 

 

Hackathon Sponsors

Prizes

$10,000 in prizes

Acceleration Program (10)

MAIB will select up to 10 teams from all the country level winners and invite them to participate in an exclusive Acceleration program. The program will surround teams with the frameworks, mentorship, and resources necessary to rapidly identify and validate solutions effectively. We want to help them do more, faster!
The chance of getting investments from MAIB in case of successfully passing the Acceleration program.

Devpost Achievements

Submitting to this hackathon could earn you:

Eligibility

IT and Finance enthusiasts can apply both individually and in teams. As simple as that - you want to participate? We want you to participate!

CHALLENGES & SOLUTIONS 

The solutions must be geared towards one of the following challenges

 

You can use these challenges as guidance - you can choose to solve the challenge partially or, in the contrary, merge two challenges into one solution. Of course, if you are an idea-making machine, you can always use your own avant-garde solutions and assemble teams around them. The bottom line is: there are no restrictions on solutions! Just, once you settle on them, assemble a team around it!

Here is a common list of challenges/topics of the hackathon. The detailed list will be provided on the online presentation on the 22nd of April at 12:00.

  1. Payments, i.e. instant payments

  2. Money transfers 

  3. Public finances

  4. E-commerce, Masterpass, Credentials on File

  5. Insuretech

  6. Fin-edutec

  7. Fin-AR/VR/XR

  8. Security

  9. Fraud prevention/detection

  10. Wealth management

  11. Corporate management

  12. Corporate business support

  13. Big Data & ML for personalized offers

  14. Big data for b2b sales support for clients

  15. Complementary services 

  16. Ecosystem solutions

  17. Built-in banking

  18. Open API

  19. IoT in fintech, payments with IoT

  20. Drones

  21. Securities & markets

  22. SMEs business support

  23. Improvement of User Experience/ Clarity/ Transparency.

  24. Voice commerce, financial services via voice assistant

 

Requirements

To wrap up the weekend of work, the hackathon will end with pitches of your creations. Pitches are composed of three main parts which mostly override one another in the content but have different formats:

I. Textual Pitch Submission on Devpost 

Composed of 8 questions that you should prepare in advance before submitting to DevPost: 

  1. The problem your project solves

  2. The solution you bring to the table (including technical details, architecture, tools used)

  3. What you have done during the weekend

  4. The solution’s impact

  5. The necessities in order to continue the project

  6. The value of your solution(s)

  7. The URL to the prototype [Github, Website,...]

  8. The URL to the pitch video (Required)

This needs to be submitted, alongside the video by 25th April 12:00 CEST.

Here's an example project page.

Here’s a video on how to submit on DevPost

II. Video Pitch on DEVPOST

For the video part, you have two strict requirements: 

  • No longer than 2 minutes

Here are some instructions on how you can add a video to Youtube: 

https://support.google.com/youtube/answer/57407?co=GENIE.Platform%3DDesktop&hl=en

For the rest, it is up to you, but we recommend structuring the video into 4 parts: the problem, the solution, what you accomplished and finally what you are planning to do next. So you have 2 minutes to cover 4 topics. We suggest dedicating about 30 seconds for each topic, but you are free to be more flexible. Please keep in mind that the problem should only focus on the FinTech that your solution is solving: even though your solution could be more extensive, do not focus on it. When showing off the demo, we recommend you not doing a walkthrough and focusing on the 2-3 features that help the user the most. 

The link to the video will have to be submitted alongside to your project page on DevPost.

III. Presentation slides on DEVPOST Here it is a possible structure (you can make your own structure if you think it will help you better to achieve the result):
  1. The name of the team

  2. Problem/challenge - you address to and why you see it important

  3. Your solution and why you see it as valuable

  4. What resources you think you would need to make the product happen (time, money, people, expertise - whatever) 

  5. What might be a monetization model of your product 

  6. The evaluation of the market (will be a great benefit - use TAM/SAM/SOM approach)

AFTER SUBMISSION

After the submission deadline, your submission will be evaluated by the mentors using the evaluation criteria mentioned below on a scale of 1-5 for each criterion, and the sum of all the scores will be your final submission score.

Your submission score will be evaluated with other submissions within your challenge. If your submission is in the top 15, highest-ranked of the challenge, then your submission will be presented in front of a panel of jury. Then this panel will hold another voting with the same criteria, to select the winning project and around ten runner-ups.

Finalists will be announced on April 25 at 15:00.

 

Winners will be notified and announced on April 25 at 18:00.

 

Judges

Giorgi Shagidze

Giorgi Shagidze
President of MAIB

Andriy Glevatskyi

Andriy Glevatskyi
Vice President of MAIB

Aliona Stratan

Aliona Stratan
Vice President of MAIB

Ana Chirita

Ana Chirita
Strategic Projects Director of Moldovan Association of ICT Companies

Yuriy Batkhin

Yuriy Batkhin
Vice President, Market and Business Development, Mastercard Ukraine and Moldova

Valeriy Kardash

Valeriy Kardash
Manager, Business Development, Mastercard Ukraine and Moldova

Vitalie Tataru

Vitalie Tataru
Founder & Managing Partner of AC Tech

Judging Criteria

  • Problem & Impact
    Is the solution they are proposing relevant in the context of the fintech? What is the value proposition to customers? Did the team talk to potential customers?
  • Execution and Design
    Have they established a “Minimal Viable Product” for the weekend? *Note: an MVP is the minimum t of features to be able to start collecting data. Is the MVP designed well? Is the proposed product technically viable?
  • Originality
    The project needs to create new solutions or apply existing solutions in a new, innovative way.
  • Feasibility
    The project must be realistic in terms of the legal, technological, and scientific aspects of the solution. It should be possible to realise the project within a few months.
  • Business Model
    Does the project have the potential to become a real business? Does the solution solve a core need? Have they demonstrated a go-to-market strategy?

Questions? Email the hackathon manager

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