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9-13 December 2024

Suptech week 2024

Insights and innovations for digital financial supervision

What we Offer

Hackathon

Register by 18 November

Forum

Bootcamps

Solutions
Marketplace

Leveling the AI Readiness Playing Field:
API Innovation Hackathon 

Bridging regtech and suptech to streamline data & intelligence flows
Join us for a transformative virtual hackathon where innovative minds will collaborate to develop a cutting-edge API builder for financial supervision. By leveraging open standards and tools, this hackathon aims to revolutionise the regulatory landscape, creating a more efficient, adaptable, and future-ready framework.

Ready to innovate?

Register now

Support through financial sponsorship or technical guidance

Contact us

Schedule of events

Daily check-ins and collaborative sessions will help keep your team on track and provide valuable feedback and support. You’ll receive mentorship from industry experts on technical implementation, data schema design, and using open-source tools.

Set up & preparation

18-29 November 2024

Intro & kickoff

2 December 2024

Online hackathon

Team-based, asynchronous & self-paced
3-8 Decemer 2024

Demo day & award ceremony

13 December 2024

The challenges WE AIM to address

Financial authorities around the globe are starting to leverage next-generation suptech – including GenAI – for interactive chatbots, dynamic risk management systems, and other advanced suptech applications.

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:

What are the parameters needed for the design of an open-source API to accommodate diverse supervisory needs across different jurisdictions and regulatory contexts?
How can APIs help financial authorities transition from aggregate data reporting to granular data exchange while accounting for data governance needs?
What are the best practices for integrating next-generation suptech tools with standardised APIs to enhance supervisory capabilities?
How can APIs be utilized to enable financial institutions to effectively communicate their asset-related climate risks to supervisors?
What role can API standards, enabling tools, and open source software play in fostering greater collaboration between public and private sector stakeholders in the financial ecosystem?

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!

This hackathon is open to teams or individuals with skills in data science and analysis, business analysis, product management, software development, database administration, data visualisation, team leaders, and/or other skills valuable in exploring solutions using advanced technology.

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

This hackathon is open to teams or individuals with skills in data science and analysis, business analysis, product management, software development, database administration, data visualization, team leaders, and/or other skills valuable in exploring solutions using advanced technology.

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

Additional mentors and experts will be announced on a rolling basis. Stay tuned!
NATHALIE LENEHAN
Technical Program Manager
Cambridge SupTech Lab
ABHISEKH RANA
Senior Data Scientist
Cambridge SupTech Lab
OLUWASOLA DADA AJEWOLE
Deputy Director
Central Bank of Nigeria
PAMELA kAHWA
Manager, Financial Sector Surveillance
Bank of Uganda
RWEYMAMU BARONGO
Principal Computer Analyst Programmer
Bank of Tanzania
KARL MOLL
Technical Project Advocate
FINOS
LUCA BORELLA
Program Manager, AI Strategic Initiative
FINOS

Judging Criteria

Judges will assess creativity and innovation, speed to market, and how transformative the solution could be, and will particularly look at the following 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

Outstanding solutions that drive transformative change and push the boundaries of financial supervision will be recognized with the following 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.

Get started Now!

Join us

What is SupTech Week?

SupTech Week is the largest annual gathering of global suptech experts and innovators. The forum serves as a unique platform for sharing ideas, research, solutions and insights on the digital transformation of financial supervision, driving collaboration across the ecosystem.

What to Expect

During SupTech Week 2024, hundreds of global leaders will convene to shape the future of financial supervision exploring the integration of human and technological capabilities. We will dive into emerging trends at the heart of digital transformation and hear about learnings, challenges and opportunities from all regions across the globe.
Learn more