Overview

To capture the momentum of Fintech movement in India, AP Fintech Valley was conceptualized with an aim to bring together public and private players, state of the art incubators and accelerators, innovation labs, mentorships, angel investors and anyone willing to break free from traditional processes. The self-sustained global Fintech Ecosystem focuses on converging finance and technology, to create large avenues of growth through industry-enablers, world-class infrastructure, entrepreneurship and innovation.

The Fintech Valley has launched ‘use case repository’ across banks, NBFCs, insurance companies, and capital market companies to accelerate innovation in financial services industry. Selected use cases are opened up for the hackathon to seek relevant solutions to current business problems (use cases), and provide opportunities to start-ups and developer community.

For more information around ‘use case repository’ program of Fintech Valley, Vizag, click here.

Themes

Ten sub-themes have been identified under various important themes. Participants can choose any sub-theme(s) to work on and submit their ideas. Each sub-theme has a longer description. Go to the Resource Centre (you'll find it on the left) once you've chosen your sub-theme(s) to find the links to the longer descriptions. The Resource Centre will become visible to you once you've logged in and registered for the hackathon.

Customer Experience
Sub-Themes
Digital tool to increase client life-cycle management
Leveraging Facial recognition and Facial Analytics to know the customer better and simplify the application process

Digital tool to increase client life-cycle management

It is known that average revenue per client is highest in first year of account opening. Subsequently, the average revenue per client reduces with each successive year. This happens primarily because clients reduce the trading frequency, incur losses, or fail to build discipline required for trading. We need solutions to increase client life-cy...

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Process Automation
Sub-Themes
Auto assessment of motor claims
Furnishing full KYC of investors through a digital and paperless process within the purview of SEBI guidelines
Automate e-KYC Verification using RPA and OCR technology
OCR in Credit Risk assessment

Auto Assessment of Motor Claims

Motor Claims are the most common and frequently availed services from a General Insurance company. We need a tool/solution that will allow us to automatically assess the damage to a motor vehicle. Such tool/solution can be of great help in reimbursing the loss to our customer well in time and with accurate assessment.

Category: Insurance

Furnishing full KYC of inves...

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Financial Inclusion
Sub-Themes
Low-cost payment solution for rural India

We have recently seen the exponential growth in use of mobile wallets in urban and semi-urban areas. But, rural areas are still catching up with the technology penetration. Majorly using feature phone with interrupted network, rural customers find difficulty in adopting to the newly introduced digital modes of payment. Without smartphones they are unable to adopt to mobile wallets, Aadhar Pay and ...

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Risk Management
Sub-Themes
Health reporting and management
Digital claims processing for OPD cases

Health reporting and management

We see a lot of mobile applications and wearable devices on health management front for users to track their vitals and physical activities. There are other set of applications which help them to maintain their physical health through timely alerts / suggestions to maintain their health. We need a holistic solution which can record the vitals and lifestyle data (pre...

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Lending
Sub-Themes
P2P lending for SME

Small businesses struggle more and more to borrow money from commercial banks. We need an alternative lending solutions for these small and medium size business including crowd funding/ P2P lending solutions to bridge these gaps. Solutions may include credit scoring, credit risk management as enablers.

Prizes INR 12,00,000 in prizes

Main Prizes
Cash Prize (4)
INR 3,00,000

Cash prize worth Rs. 3 lakhs for the winner in each category (Banks, Insurance, Capital Markets, and NBFCs)

Market Access

a. Chance to carry out Proof of Concept (PoC) with corporate, if they like your idea / solution. The PoC will need to be executed based out of Vizag.

b. Investor network of The Fintech Valley, Vizag will be invited for Hack Day, where they will go through your prototyped solution.

opens at:
Sep 13, 2017, 01:30 PM CDT
closes on:
Oct 30, 2017, 01:29 PM CDT
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