FAQ
To sign up for the Fintech Challenge ’17, fill out the form here.
Of course you can participate. The Fintech Challenge ’17 is addressed to anyone who wishes and is able to implement his/her ideas based on the topics that will be assigned. For example, designers, marketing specialists, innovators, and project managers can also participate. Moreover, before and during the contest, participants will be given the opportunity to compete as a team, thereby utilising and combining everyone’s areas of expertise.
The registration deadline is 31.10.2017. However, please keep in mind that in the event that participants surpass the expected number, registration will end early. Therefore, if you are truly interested, we encourage you to sign up as early as possible.
The Fintech Challenge ’17 is addressed to groups of students, young workers, freelancers and startups with no more than five years of activity. In addition, individuals who are developers, designers, or business thinkers, can also sign up. Participants will be given the opportunity to create teams, before and during the contest.
Applications will be evaluated by the event designer who will decide which applicants will move on to the next stage of participation based on the conditions outlined in the Terms of Participation. We would like to point out that in case event that participants surpass the expected number, we will stop accepting applications before the final deadline.
The copyright of your idea belongs to you.
Registration has already started and we will continue to accept applications until 31.10.2017. However, in the event that participants surpass the expected number, registration will end earlier than the deadline. Therefore, if you are truly interested, we encourage you to sign up as early as possible.
No, participants will not be able to stay at the venue during the night.
It is not mandatory to use APIs by Alpha Bank. However, we recommend that participants use APIs by Alpha Bank as it will be taken into consideration during the final evaluation of the proposed solution.
Yes, you are eligible to sign up even if you haven’t found your topic yet. You can take the time until the contest to do research and comprehend the challenges we are facing and decide on your topic. In order to make the process easier for participants, we will have a “Warm-up” day, which will take place a few days before the contest, which will serve as a way of understanding the variety of topics, exchange ideas, and team up with other participants.
Yes, you can sign up and participate as an individual. However, in order everyone’s skills to be utilized and combined, it is recommended that participants become part of a team either before or during the contest.
Each team which will compete must have 2-5 people.
If you would like to participate in the Fintech Challenge ’17 as part of a team, select the “I am already part of a team” option in the registration form. Then complete the registration form by filling out your own data. The rest of the team members will have to follow the same steps.
Each contestant must have his/her own laptop and any other electronic device that is needed for the creation of his/her idea. In addition, if the presentation requires special equipment (besides the projector, microphones, and speakers, which will already be provided), the contestant is responsible for bringing his/her own equipment for the final presentation on Sunday.
The organization will provide internet access, coffee, food, beverages, and snacks throughout the contest as well as stationery, equipment for the presentation (projector, microphones, and speakers), advice and support by experienced mentors of various specialties, access to APIs for the application development and dummy data.
Both teams that have not participated in similar contests before as well as teams that have participated in similar contests before are eligible to apply.
A company can participate in the contest with a team, which will be declared in the application form by the company’s legal representative. The “Member1” of the application form, will be considered as the team’s representative during the contest. Please note that the company’s legal representative is not required to be part of the team which will compete.
In each company team, there can be 2-4 participants.
Contestants present real challenges faced by the financial sector in each of the thematic areas that have been identified. Each challenge will be briefly presented during the Warm-up day, which will take place a few days before the competition. Contestants will choose which of the thematic areas/challenges they wish to develop their idea on. Teams will be created and the hacking will begin. The Bank's mentors and associates will be available to help participants, provide guidance and answer any questions the contestants may have. Contestants will have the option to develop their innovative ideas even if they do not fit into one of the defined thematic units/challenges.We are looking for those ideas, that will shape the financial services of the future. After the completion of "hacking" on Sunday 26.11.2017 at noon, the participants will prepare a short presentation and present their idea to the judges. The judges will select the winning teams according to the defined criteria.
No, fair for participation in the Fintech Challenge ’17 (travel, accommodation, etc.) are the participants’ responsibility.
You can present about anything you can imagine or improvise within Fintech. Ideally, at the end of the contest you will present a functional demonstration of a demo on one of the Bank’s APIs. The three main subject areas of interest are described here. Of course, contestants may develop their own innovative ideas, even if they do not fit into one of the defined thematic units. We are searching for the ideas, which will shape the financial services of the future.
You may use the program language and software package you know best. However, it is mandatory that you have all the required licenses and usage rights for the software and applications you will use.
The judges of the Selection Committee will evaluate and score the participants’ ideas according to the following criteria:
i.The degree to which the idea addresses the real needs of the financial sector and/or its clients
ii.The degree of innovation of the idea
iii.The degree to which the idea can be implemented
The Selection Committee will be composed of Alpha Bank representatives, as well techno-technicians and Fintech experts from both the academic and the private sectors.
No, registration and participation are for free.
A few days preceding the contest, the “Warm-up day” will take place, during which the challenges the financial sector in each of the thematic areas identified is facing will be presented, as well as the technological infrastructure (APIs, sandbox, dummy data, etc.), which will be provided by the Bank for the implementation of the participants’ ideas. More information will become available over the next few weeks on the contest’s website.
No, registration includes the event as a whole rather than just the contestants’ presentations.