Infinitech Hackathon #Hybrid | Enhancing Finance Training — The INFINITECH Approach

26 & 27 January 2023 | Municipality of Piraeus, Athens

Konstantina Psoma
The crowdpolicy collection EN
4 min readJan 5, 2023

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The Infinitech hackathon is the 3rd open innovation action organized in the context of the “Infinitech — h2020 Project, implementing the Infinitech Way. The Infinitech Hackathon will take place hybridly, on 26 & 27 January 2023, at Municipality of Piraeus. In this 2-day innovation hackathon event, participants (either individually or in teams) will have the opportunity to build their own assets and contribute to Infinitech’s Marketplace.

📝 Book you Spot Now: https://crowdhackathon.com/infinitech/apply/

The aim of the hackathon is to create original applications for the promotion of digital transformation around financial technologies, through new innovative ideas in various areas of public and partner interest, with the main goal of promoting advances in the financial sector.

It will be a 2-day innovation hackathon event, with 2 competition streams:

  • Stream 1️⃣ Coding: Developers (either individually or in teams) will have the opportunity to build their own assets and contribute to Infinitech’s Marketplace.
  • Stream 2️⃣ — Business: Teams will have the opportunity to build new business models and find scalable solutions to Infinitech’s pilots.

Through the action, the creative human capital of the innovation ecosystem is mobilized, the creation and the youth entrepreneurship as well as the collaborations are strengthened, the experience and the know-how of the executives of the institution are utilized and the innovation is promoted.

At the Infinitech Hackathon, engineers, programmers, economists, analysts, business people and in general anyone who has an idea on issues related to Fintech and is interested in developing it in a complete application will be able to participate. The direction of team building will be strengthened, as well as collaborations with external participants, such as professionals, academics, researchers or students.

We invite any interested individual, team or company to participate in the competition to participate by:

  • Developing innovative methodologies and applications that address these issues (participants — contestants)— You can participate in the hackathon either by working on the software development stream (coding) to develop tools and products, or on the business stream to enhance existing business models or create new ones.
    https://crowdhackathon.com/infinitech/apply/
  • Supporting this effort (mentors, sponsors, supporters, public organizations, companies, collective entities).
    https://crowdhackathon.com/infinitech/supporters/

🧩 CHALLENGES

Indicative Thematic Areas

Smart and Reliable Scoring, Risk and Service Assessment

  • Invoices Processing Platform for a more Sustainable Banking Industry
  • Real-time risk assessment in Investment Banking
  • Intelligent Market Manipulation Detection: Elevating and Unveiling Hidden Patterns
  • Open Inter-Banking Pilot

Personalized Retail and Investment Banking Services

  • Collaborative Customer-centric Data Analytics for Financial Services
  • Personalized Portfolio Management (“Why Private Banking cannot be for everyone?”)
  • Business Financial Management (BFM) tools delivering a Smart Business Advice
  • Personalized Closed-Loop Investment Portfolio Management for Retail Customers

Predictive Financial Crime and Fraud Detection

  • Operation Whitetail — Avoiding Financial Crime
  • Platform for Anti Money Laundering Supervision (PAMLS)
  • Analyzing Blockchain Transaction Graphs for Fraudulent Activities
  • Real-time cyber security analytics on Financial Transactions’ BigData

Personalized Usage-Based Insurance

  • Personalized insurance products based on IoT connected vehicles
  • Real World Data for Novel Health-Insurance products

Configurable and Personalized Insurance Products for SMEs and Agro-Insurance

  • Alternative/automated insurance risk selection — product recommendation for SME
  • Big Data and IoT for the Agricultural Insurance Industry

🎯 OBJECTIVES

The Infinitech Hackathon has the following objectives:

  • Highlighting smart and innovative solutions to the issues and challenges concerning both the marathon thematic areas and the citizens dealing with related issues.
  • Connecting the campaign with the technological innovation and entrepreneurship community of Europe.
  • Creating an ecosystem of innovation and entrepreneurship in the field of fintech and related technologies.
  • Supporting the local economy, as people from all over Europe will be able to participate, who can then set up their own business.
  • Supporting youth and innovative entrepreneurship, providing opportunities for young people, combating unemployment and brain drain.
  • Creating a culture of innovation and cooperation to achieve a global and common goal: democratizing financial advances.

📌 The Infinitech Hackathon will be held in the framework of the INFINITECH EU Project, co-organized by Crowdpolicy, Innov-acts and University of Piraeus.

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