Overview

The B-Hive FinTech Hackathon addresses real and urgent challenges in the financial and insurance sector. It’s backed by 6 major European banks, insurers and market infrastructure players. These partners intend to take on and fund the most interesting solutions presented at the hackathon as Proof of Concept projects.

The intention of this hackathon is not only to code, but to come up with ingenious and well thought out business solutions.

About the organizers

B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, they work on common innovation programs and build bridges between corporate partners and startup and scale-up community members. Find out more about B-Hive's partners supporting this event in the 'About the Partners' section.

Hack Belgium LABS is a Brussels based hackathon facilitator and co-organizer of this event, managing communication and PR efforts and also responsible for mobilizing key stakeholders from within various sectors (financial sector, private sector, academia, etc).

Who can apply?

This hackathon is split in two tracks:

  • The Company Track is open only for existing company teams and addresses 4 dedicated challenges. It is directed to specialised companies, startups and scale-ups who can tweak or build on existing solutions to meet the business challenges objectives and who have the ambition and capability to scale up their solution in partnership with major financial institutions. Teams should be minimum 2 and maximum 7 people.

  • The Open Track addresses one challenge, to which anybody can apply. This means you don't need to be an established company team. We’re taking applications from developers, designers, entrepreneurs, technologists, futurologists - in short, all ambitious professionals who feel compelled to tackle this challenge. In the run-up to the physical hackathon, you have the opportunity to form or join a team within the Open Track. This is not obligatory: teams can be created during the physical hackathon as well.

Company Track

About: Together with our partners, we’ve defined 4 Company Track Challenges (see Themes below) for you to tackle. The winner of the Company Track will get funding for their Proof of Concept and a potential partnership with B-Hive or a partner.

Outcome: Your goal is to come up with a technically feasible and actionable solution, that makes business sense and addresses the needs of end-users. At the end of the hackathon we expect you to pitch and submit your project, including a concept description, a business model and a mockup or a demo.

Open Track

About: In this Open Track we are looking for solutions that will increase adoption of mobile payment technologies. The winner of the Open Track will receive a money prize of €5000.

Outcome: At the end of the hackathon you pitch and submit a project, including a concept description, a business model and a mockup or a demo. You’ll have the opportunity to present your work to key decision makers at 10 major financial institutions. The winning team of this track will win €5000 in cash.

Themes

Company Track: Pattern detection for Insurance Fraud

Insurance fraud is a phenomenon occurring within every stage of the insurance lifecycle: At policy subscription, giving fake identity data and fraudulent objects are among the many strategies that we see applied today. But also the stages of claims declaration (overclaiming, fake identities) and payout processing (identity theft, interception of payments) are not without threat.

Notwithstanding ...

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Company Track: “Know Your Vendor” platform

Procurement processes are often (rightfully) long and tedious for both parties involved. The corporates have heavy, often highly manual processes to screen the companies, while the tech companies have to go through this process for each customer again and again. In the current environment, speed of innovation is key, and API based systems facilitate a faster “plug and play” integration. Hence, the...

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Open Track: Electronic payments adoption & financial inclusion

Belgium is well-equipped when it comes to e-payments. There is great infrastructure in place and most Belgians do use electronic channels. However, given recent technological advances, there is tremendous opportunity to increase adoption of mobile payment solutions and generally provide a better user experience. We have to keep in mind, however, that such improved services must be accessible to a...

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Company Track: Financial Management for SMEs and Professionals

SMEs and independent professionals face a tremendous administrative burden with regard to the management of their finances: think invoicing, payment, expense management, accounting, financing, and managing cash flow and liquidity. While there are many solutions available in the market that solve individual aspects of this wider challenge (such as online accounting software), the fragmented nature ...

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Company Track: Detecting transactions fraud by combining data from multiple sources

The goal of this challenge is to detect fraud in a transactional environment by combining and analysing multiple data types and sources. The Hackathon partners will provide you with anonymous transactions data (both fraudulent and clean transactions) and detailed descriptions of other transactions data, but your task is to propose a viable approach and method for combining and analysing data from ...

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Prizes

Every team will have the opportunity to pitch for and meet with 10 key decision makers of major financial institutions.

Main Prizes
Company Track 1st Prize: Funded Proof of Concept

At least one winning team will receive funding to develop their Proof of Concept with B-Hive or one of our partners. The winning team will also have an opportunity to pitch at Digital Finance Europe 2018 (26 September).

Open Track 1st Prize: €5000
EUR 5000

The winning team will receive €5000 in cash. And remember, all teams have an opportunity to present their work to a jury of senior decision makers at major financial institutions. This may lead to interesting business opportunities for you.

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