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Fintech Business Challenge

April 4th, 5th and 6th, 2019

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Introduction

KFUPM Business School presents the FinTech Business Challenge 2019.

The aim of the competition is for participants to brainstorm business ideas which solve/improve any issues in the challenges listed below.

The only skill you need to bring to the competition is creative thinking and great ideas!

No Coding Required!

Who is this for?

This competition is open for all residents in Saudi Arabia and Bahrain.

University students of all majors, working professionals from any industry, business people, entrepreneurs and startups.

Whether you come with a fully developed concept or a brief idea, our Mentors and team will help you to frame your idea into a product during the competition.

If you are an individual, we will assign you randomly into a team or you may form your team during the registration period on the first day of the competition.

Deliverables

prototype

These deliverables will be judged based on the judging criteria below.

Challenges

Smart Transactions Challenge

Potential Areas (not limited to):

Peer2peer Lending
B2B transactions
C2C transactions
Payment sharing
Mobile Payments (Apple Pay, NFC)
Smart Settlements
Digital Currency

Retail Banking Challenge

Potential Areas (not limited to):

Account Management
Card Management
Banking Loyalty Programs
Automated billing
Personal Banking Security
Money Transfer
Loans Management
Credit Rating (Individual)
Fraud Control
User-Experience for Investment

PRIZES

Prizes for Smart Transactions Challenge

1st Prize
SAR 20,000

2nd Prize
SAR 15,000

3rd Prize
SAR 10,000

PRIZES

Prizes for Retail Banking Challenge

1st Prize
SAR 20,000

2nd Prize
SAR 15,000

3rd Prize
SAR 10,000

ADDITIONALLY

INCUBATION OPPORTUNITIES AT KFUPM ENTREPRENEURSHIP INSTITUTE

SPECIAL PRIZES

Most Relevant

SAR 5000

Greatest Impact

SAR 5000

Best Presented

SAR 5000

Best Designed

SAR 5000

Most Innovative

SAR 5000

Partners

Platinum Partner

Knowledge Partner

Silver Partner

Strategic Partner

Technical Partner

Strategic Partner

Logistics Partner

Judges

shrouq

Shrouq Al-Hadyan

Senior Vice President

Head of Digital Banking – Riyad Bank

Ali Aldar

Ali Aldar

Head of Digital Channel

GIB – MEEM

Eng. Bader Ali Al Garni, FinTech – General Manager, Monshaat

Eng. Bader Ali Al Garni

FinTech – General Manager

Monshaat

Dr. Sarah Mohammad Ghaleb

Dr. Sarah Mohammad Ghaleb

Head of Business Incubation and Training Programs

Saudi Aramco Entrepreneurship Center (Wa’ed)

modhie

Modhie Al-Shammary

Senior Vice President – Riyad Bank

Head of Emerging Enterprises Department

lu li

Dr. Lucius Li

Faculty of Finance

KFUPM Business School

Saleh Al-Shebil

Saleh Al-Shebil

Faculty of Marketing

KFUPM Business School

Judges will be available during the off-campus closing ceremony.

Mentors

Mousa Al-Bashrawi

Mousa Al-Bashrawi

Faculty of MIS

KFUPM Business School

Naji Al-Shammasi

Naji Al-Shammasi

Faculty of Finance

KFUPM Business School

Abdulaziz Aljarwan

Assistant VP – Riyad Bank

Business Relationship Team Leader

Abdullah Almansour

Abdullah Almansour

Faculty of Finance

KFUPM Business School

Qi DOng

Dr. Qi Dong

Faculty of Finance

KFUPM Business School

Louai Al-Awami

Dr. Louai Al-Awami

Faculty of Computer Engineering

KFUPM College of Computer Engineering

Saleh Al-Wahaishi

Dr. Saleh Al-Wahaishi

Faculty of MIS

KFUPM Business School

Dr. Yahya Esmail Osais

Dr. Yahya Esmail Osais

Faculty of Computer Engineering

KFUPM College of Computer Engineering

mustapha

Mustafa Faisal Ahmed

Faculty of MIS

KFUPM Business School

Dr. Mourad Mansour

Dr. Mourad Mansour

Faculty of Management

KFUPM Business School

Mishari Alassailan

Mishari Alassailan

Senior Advisor

Fintech Saudi

mahmood

Dr. Muhammad Yahya Imam Mahmoud

Faculty of Computer Engineering

Entrepreneurship Institute

Haitham Aljadeed

Haitham Aljadeed

Vice President, Head of Digital Channels & Products

Riyad Bank

Rules & Regulations

Please comply with the following rules and regulations

DEADLINE
Registration Deadline is March 30, 2019. (Click to register) Late registrations will not be entertained.
PARTICIPATION
You may register as a team (2 – 3 people) or as an individual. If you register as an individual, you will be randomly assigned into a team. Participation is only open for males for this competition. All residents in Saudi Arabia are eligible to participate.
PREPARATION
Come prepared with ideas addressing the announced challenges.
TRAVEL
Travel and accommodation arrangements are not covered.

During the Hackathon

Rules and regulations during the Hackathon

ATTENDANCE
Participants must come on time, latecomers will not be allowed to take part in the hackathon.
IDENTIFICATION
Each participant must present a valid government ID card.
DURATION
Participants must stay in the specified venue throughout the contest duration.
REFRESHMENTS
Refreshments will be provided on site.
SELECTION
Once a challenge is selected by a team, it cannot be changed.
EQUIPMENT
Each team is responsible for bringing all required equipment including laptops and chargers.
SECURITY
It is the responsibility of the team to monitor their equipment and belongings.
RIGHTS RESERVED
The organizing committee reserves the right to disqualify any team for violation of rules or misbehavior.

Eligibility, Agreement & Copyright

ELIGIBILITY

FinTech Hackathon event organizers have the right at their sole discretion to determine whether an entrant is eligible for the contest. FinTech Hackathon may disqualify, at organizers’ sole discretion, FinTech Hackathon entries (including, without limitation, content submitted in connection therewith) that
(a) are in violation of third party rights or law or regulation,
(b) use inappropriate or explicit language or images, or display content that FinTech Hackathon or Partners otherwise finds objectionable.

AGREEMENT

You agree that submission of an Entry in the Competition constitutes agreement to these Rules. These Rules form a binding legal agreement between you and the event organizers with respect to the Competition. Judges will choose the winning entries, and prizes will be awarded in accordance with these Rules.

COPYRIGHT

Participant/team represents and warrants that he is the sole author and copyright owner of the Submission, and that the Submission is an original work of the Participant/team, or if the Submission is a work based on an existing application, that the Participant/team has acquired sufficient rights to use and to authorize others, including the Fintech Hackathon, to use the Submission; and that the Submission does not infringe upon any copyright or upon any other third party rights of which the Participant/team is aware.

Judging Criteria

Below is a list of our Judging Criteria

Each submission will be evaluated in five areas and given scores out of 20 for each area, with a maximum total of 100 points

FEASIBILITY (20 Points)

Is the FinTech (solution | idea | product feasible | service) doable in the Saudi Arabian market?

IMPACT (20 Points)

Does the FinTech (solution | idea | product | service) have a positive Impact on the local Saudi Arabian society | community?

DELIVERY (20 points)

How creative is the team in presenting the innovative idea? You may present as a team or your best presenter may present on behalf of the team.

DESIGN (20 points)

How well designed is the FinTech solution mockup or demo?

INNOVATION AND CREATIVITY (20 points)

How innovative is the idea? Does the winning idea have a “WOW” factor?

Schedule

Day 1

KBS Building (24) – Google Map

Registration :
1:00 PM

Welcoming Remarks :
1:45 PM

Rules & Regulations Q&A :
2:00 PM

Deliverables Workshop :
2:30 PM

Team ideation meet-up :
3:30 PM

Day 2

KBS Building (24) – Google Map

Doors Open :
2:00 PM

Open Mentoring Sessions :
5:30 PM

Dinner :
7:30 PM

Day 3

KBS Building (24) – Google Map and
Le Méridien Hotel – Google Map

Doors Open
9:00 AM

Resume Teamwork
9:30 AM

Lunch / Prayer
11:30 AM

Resume Teamwork at Hotel Le Méridien (Al Khobar)
1:30 PM

Pitches | Demos | Prototype
3:30 PM

Judges Deliberation
5:30 PM

Top Team Presentations
6:30 PM

Winner Announcements | Awards Ceremony

7:00 PM

Dinner
7:30 PM