20 November – 13 December 2024
Suptech week 2024
Insights and innovations for digital financial supervision
What we Offer
Hackathon
Forum
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Marketplace
Leveling the AI Readiness Playing Field:
API Innovation Hackathon
Ready to innovate?
Support through financial sponsorship or technical guidance
SUPPORTED BY
Schedule of events
Set up & preparation
20-29 November 2024
Intro & kickoff
2 December 2024
Online hackathon
Team-based, asynchronous & self-paced
3-12 December 2024
Demo day & award ceremony
13 December 2024
The challenges WE AIM to address
Despite advancements in analytics through AI and Machine-Learning, many financial authorities are limited in the aggregate data they receive through compliance filings. Application Programming Interfaces (APIs) facilitate the automated ingestion and validation of granular data, ensuring clean data is in place and allowing everyone to harness benefits in the form of actionable and trustworthy results. Currently, financial authorities are required to provide comprehensive funding for the development and design of APIs, starting from scratch for each use case.
The adoption of API standards, enabling tools and open source software can play a critical role in driving inclusive growth, fostering competition and innovation, and enhancing financial inclusion.
Questions that might be addressed include:
Expected Outcomes
Participants will be expected to present a working demo that highlights how their solution delivers against three core components of a technical solution and associated value proposition:
Schema: A proposed approach for streamlining development of data standards, powered by FINOS’s Morphir, OS-C, Legend and other Common Domain Model tools.
Builder: Tailoring of an API builder to generate documentation, server and client libraries, powered by Swagger’s open source tools and Open API Specification,
Intelligence: A demonstration of how a unified schema and associated API can drive analysis that is deeper and/or more efficient, powered by the Lab’s Data Gymnasium .
This hackathon is for you!
Business analyst
You understand how to link problems with technology solutions and can talk the language of the technologists and users.
Data engineer or database architect
You understand the nuances of piping data from source to storage, such as the value of a well-designed schema and the merging of multiple datasets.
Product specialist or developer
You can think through how to develop and design a product that will meet the needs of the different users and be viable to implement.
Team leader
In addition to a team role, you will be responsible for curating your team, managing its timeline and deliverables, and acting as point person for organisers.
Data visualisation designer
You can make data and insights pop by designing and curating interfaces that are intuitive and clear.
Data scientists and data analysts
You are able to build usable views and valuable insights from complex data, spot opportunities for advanced data analytics and identify schema requirements.
Incentives and benefits for participants
Showcasing and recognition
Leading solutions will be spotlighted on our platforms and featured during SupTech Week, offering recognition and potential opportunities with sponsors and partners.
Collaboration opportunities
High-performing teams may have the chance to collaborate directly with financial authorities, opening a path to see their solutions prototyped and deployed through the Cambridge SupTech Lab Applications Incubator.
Skill development and learning
Engage in hands-on sessions with top-tier professionals, enhancing your expertise in designing APIs and gaining deeper insights into suptech, regtech, and financial data management.
Mentors
OLUWASOLA DADA
AJEWOLE
PAMELA KAHWA
Manager, Financial Sector Surveillance
RWEYEMAMU BARONGO
Principal Computer Analyst Programmer
Bank of Tanzania
KARL MOLL
Technical Project Advocate
FINOS
LUCA BORELLA
Program Manager, AI Strategic Initiative
FINOS
Owaka Onyango
Project Management Specialist
Scholars Chat Limited
Weiying Kok
Head of Engineering
Proto
Jacqueline Jumah
Director of Advocacy and Capacity Development
AfricaNenda Foundation
Dragan Oremus
CEO
Compliant Risk Technology LLC
Philippa Martinelli
Climate Expert & Centre Affiliate
Cambridge Centre for Alternative Finance
Martha Mounir
Senior Data Engineering Specialist
Link Development
Kerollos Adel
Senior Software Engineering Lead
Link Development
Judges
Jane Gavronsky
Chief Operating Officer
FINOS
Parimal Kumar Shivendu
Assistant General Manager
FinTech
Jochen Papenbrock
Head of Financial Technology
NVIDIA
Muhammad Gouda
Head of Software Engineering
Link Development
Judging Criteria
Innovation and creativity
Novelty and uniqueness of the data schema, API builder, and intelligence solutions.
Practicality and usability
Ease of use and practical application in suptech environments at financial authorities.
Harmonisation with other stakeholders
Consideration for cost and time efficiencies for regulatory compliance and regtech integrations within supervised entities.
Impact and scalability
Potential impact on financial supervision and scalability of the solution, including incorporation of machine-readable regulation.
Technical excellence
Adherence to open standards and use of open tools.
Awards
Best data schema design
Recognises the team with the most effective approach to data standards and schema development.
Best API builder
Awarded to the team with the most innovative, saleable and functional API solution.
Best use of open standards
Honors the team that best utilises open standards and tools to enhance their API solution.
Best insight
Awarded to the team with the strongest demonstration of how a unified schema and associated API can drive deeper analysis
People’s choice award
Voted on by participants and mentors, this award recognises the most popular solution.