Applications for the Ecobank Fintech challenge, a pan-African innovation competition and startup partnership is now open.
The challenge is designed to inspire, support and partner African start-ups and developers with the aim to facilitate the development of innovative fintech and banking related solutions. Teams who are interested in participating in the competition are to submit applications addressing one or more of the following challenges:
- Predictive analysis using big data
- Agency banking
- Secured client authentication
- Apps to work without internet connectivity
- KYC technology
- Customer analytics
- Credit scoring
- Micro Loan System
- User experience optimizing solutions using machine learning and AI
- Blockchain technology/solutions within Banking
Teams can also enter more than one fintech solution in the competition. However, each product or solution should be distinct. and entered as a separate application.
Startups or teams who emerge successful would win cash prizes, a startup funding of up to $500,000 for certain select products. Asides funding benefits, teams which have applied can also benefit from mentoring and network support or even a partnership with Ecobank.
Deadline for application is 14th April, 2017. You can find out more information here.