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.
April 22 - Day 0 (tent. Thursday)
15:00 - 18:00 - Presentation of challenges and diving into context. Overview of the manual.
April 23 - Day 1 (Friday)
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
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.
Payments, i.e. instant payments
E-commerce, Masterpass, Credentials on File
Corporate business support
Big Data & ML for personalized offers
Big data for b2b sales support for clients
IoT in fintech, payments with IoT
Securities & markets
SMEs business support
Improvement of User Experience/ Clarity/ Transparency.
Voice commerce, financial services via voice assistant
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:
The problem your project solves
The solution you bring to the table (including technical details, architecture, tools used)
What you have done during the weekend
The solution’s impact
The necessities in order to continue the project
The value of your solution(s)
The URL to the prototype [Github, Website,...]
The URL to the pitch video (Required)
This needs to be submitted, alongside the video by 25th April 12:00 CEST.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:
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):
The name of the team
Problem/challenge - you address to and why you see it important
Your solution and why you see it as valuable
What resources you think you would need to make the product happen (time, money, people, expertise - whatever)
What might be a monetization model of your product
The evaluation of the market (will be a great benefit - use TAM/SAM/SOM approach)
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.
$10,000 in prizes
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.
Submitting to this hackathon could earn you:
President of MAIB
Vice President of MAIB
Vice President of MAIB
Strategic Projects Director of Moldovan Association of ICT Companies
Vice President, Market and Business Development, Mastercard Ukraine and Moldova
Manager, Business Development, Mastercard Ukraine and Moldova
Founder & Managing Partner of AC Tech
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?
The project needs to create new solutions or apply existing solutions in a new, innovative way.
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.
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?