Skip to main content

Ecobank finetech challenge



It gives me pride and joy when such news shows up in my feed. This is a very good initiative by EcoBank as it gives the voice to most voiceless folks behind the keyboard. 

We have lots and lots of innovators that have very good ideas on paper but have no platform or financial support to bring these ideas to life.

$500,000 challenge.

Ecobank have come up to the ecobank fintech challenge which is targeting developers, programmers and technology innovators in the Africa continent whom have developed or are developing a financial technology solution system. 

This is to bring an end to the pressing banking issues. There are several key categories that you can place your desired interest, I will still cover this.

Categories:

There are 10 categories that one picks from.  You can provide solutions for one or more categories, if you are the guru of gurus you can pick all(which I highly drought). This categories include:
  •          Predictive analysis for big data
  •          Agency banking
  •          Secured client authentication
  •          Apps to work without internet connectivity
  •          KYC technology
  •          Customer analytics
  •          Credit scoring
  • ·         Microloan system
  • ·         User experience optimizing
  • ·         Blockchain technology/solutions within banking


Out the 10 I have I have two favorite that I will keep an eye on to see how it goes. One of them is app that will works offline. This will be a very interesting development as in my previous articles I covered the google offline search and am curious if it will use the same caching technique.

The second one is the blockchain technology likewise I did cover an article on the same and am curious how banks will adopt this technology. My friends at bithub Africa have been spreading the gospel on the same.  Think of it if banks start using bitcoins this opens more opportunity for many.

Eligibility/ benefits

Basically All African startups / individual innovators are eligible to apply to the fintech challenge. There is no application fee joining is free.

 Funny enough your applications pass though f6s website not the fintech website. The application is open till 11pm GMT, April 14, 2017. For those who love last minute rush you still got time.

You can apply as an individual or as a start-up and you can place as many application as you want but remember to classify them under the given categories, also demos for your products is mandatory. Do not forget this.

Some of the benefits you may enjoy for submitting your entries include:
  •          Becoming a fellow – mentorship by exerts
  •           Be a service partner
  •          Attract funding
  •          Maximize/ enlarge you audience
  •          Go multinational – get partnership in 33 countries
  •          Showcase your ideas

·          
The diagram below summaries it all. (Courtesy of finetech website)
  

For more information and application visits their website



Comments

Post a Comment

Popular posts from this blog

Revolutionizing Agriculture: Precision Farming with Drones and Sensors

  Drones in Agricuture In the rapidly evolving world of agriculture, precision farming stands out as a groundbreaking approach that harnesses the power of technology to enhance productivity, sustainability, and efficiency. Among the most transformative tools in this field are drones and sensors, which are redefining traditional farming practices. This article delves into how these technologies are being integrated into modern agriculture, the benefits they offer, and the future they promise. The Rise of Precision Farming Precision farming, also known as precision agriculture, involves the use of technology to manage crops and soil in a more precise and controlled manner. The goal is to optimize field-level management regarding crop farming. Unlike conventional methods that rely on broad-spectrum approaches, precision farming tailors practices to the specific needs of different areas within a field. Drones: Eyes in the Sky Drones, or unmanned aerial vehicles (UAVs), have become an i...
Post a Comment
Read more

The Impact of 5G Technology on Businesses and Consumers: Benefits and Challenges

The advent of 5G technology has ushered in a new era of connectivity, promising faster speeds, lower latency, and more reliable networks. This revolutionary technology is set to impact not only how we communicate and consume content but also how businesses operate and innovate. In this blog post, we will delve into the far-reaching implications of 5G on both businesses and consumers, exploring the benefits it brings and the challenges it poses. Benefits for Businesses: Enhanced Mobile Workforce: 5G enables faster and more stable connections, making remote work and collaboration seamless. Businesses can have a highly productive mobile workforce, leading to increased efficiency. IoT Advancements: The Internet of Things (IoT) will thrive with 5G, as it can support a massive number of connected devices. Industries like manufacturing, healthcare, and logistics will benefit from real-time data analytics and automation. Improved Customer Experience: Faster download and streaming speeds mean b...
Post a Comment
Read more

The future of Artificial Intelligence: trends, challenges, and opportunities

  The future of Artificial Intelligence (AI) is an exciting topic, with many trends, challenges, and opportunities to explore. AI is rapidly advancing and changing the world we live in, from business and healthcare to entertainment and social media. In this blog post, we will dive into some of the latest trends in AI, examine the challenges that come with AI, and explore the opportunities that AI presents. Trends in AI: One of the biggest trends in AI is the development of deep learning algorithms. These algorithms use neural networks to learn from vast amounts of data, making it possible for machines to recognize patterns and make predictions with high accuracy. Another trend is the integration of AI with other technologies, such as the Internet of Things (IoT), which is creating a world where machines are connected and can communicate with each other in real-time. Challenges in AI: One of the biggest challenges in AI is the ethical and moral implications of using AI. As AI become...
Post a Comment
Read more