Just Released: Ecobank Fintech Challenge For Start Ups

Just Released: Ecobank Fintech Challenge For Start UpsEcobank is challenging Africa’s new generation of entrepreneurs to find lasting solutions to the continent’s most pressing banking issues. Submit entries in one or more of our key areas of interest for your chance to win up to $500,000 funding. Developers, programmers and fintech innovators all over Africa are joining forces with Ecobank, the continent’s biggest banking ecosystem to transform finance through technology and innovation.

Benefits Of The Ecobank FinTech Challenge For Start Ups

The many benefits accruable with the EcoBank Fintech challenge include the opportunities to:

  • Become a Fellow: Enjoying mentoring by leading experts.
  • Attract funding: Up to $500K for your Fintech solution
  • Go multi-national: Partner with us to roll out to 36 countries.
  • Be a Service Partner: Access Africa’s biggest banking ecosystem
  • Maximise your reach: Give your start-up full Pan-African visibility.
  • Showcase your idea: At Ecobank’s Innovation Fair.

Fintech Challenges

We take a very broad view of fintech. We encourage developers and innovators 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

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Eligibility And Participation

The Challenge is open to both teams and individuals. Teams can submit solutions for more than one challenge but are limited to only one entry per challenge (“Entry”). A total of 20 teams will be selected for the Ecobank Fintech Challenge event (“Event”), which will be held at the global headquarters of Ecobank in Lomé in May, 2017.

Individuals are not allowed to participate in multiple teams. Switching teams after applying is not allowed. Ecobank will cover travel and accommodation costs for up to two participants from each team.

To participate in the Event, teams must apply through the Challenge page at ecobankfintech.com before the end of 14th April, 2017. Ecobank reserves the right to disqualify any application if the application or team does not comply to these Terms. Ecobank reserves the right to establish further rules regarding the Challenge which will be published on ecobankfintech.com.

Originality

Each Entry must be of the participating teams’ own creation. Participation warrants that the Entry is and will be participant’s own original work and does not and will not infringe the intellectual property or proprietary rights of any third party, including, without limitation, any third-party patents, copyrights or trademarks.

Participants hereby agrees not to initiate, back, maintain or sanction any action, claim or lawsuit against Ecobank or any other person, on the grounds that any use of a participant’s Entry, infringes any of participant’s rights as creator of the Entry, including, without limitation, trademark rights and copyrights.

For the complete Terms And Conditions, log on http://ecobankfintech.com/terms-and-conditions/

To Apply, Click Here.

Application Deadline: April 14th, 2017.

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