$100,000 Cash Prize Citi Mobile Challenge

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$100,000 Cash Prize Citi Mobile Challenge
$100,000 Cash Prize Citi Mobile Challenge

Citibank the consumer division of financial services multinational Citigroup headquartered in  New York, United States has launched a Mobile Challenge dubbed, Citi Mobile Challenge. The Citi Mobile Challenge is coming to Africa, Europe & Middle East (EMEA) in search of ideas which can change the way we bank. They are inviting the best and the brightest talent to harness thier Application Programming Interface (APIs) to bring their idea vision to life. The competitors are to retain the intellectual property for the solution they develop.

The challenge categories are;

  • Consumer solutions

    Consumers demand a great service from their bank. How can you make what Citi bank offer even better? Solutions in this category should help Citi bank provide consumers with personalized, intuitive products and services that transform how they think about banking.

  • Business solutions

    Develop the next big FinTech solution for Citi’s business clients. Their clients range from small businesses to large corporations and include institutions, organizations and governments. Citi Bank want to provide financial technology tools and services to help these clients fuel progress in their industries.

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Challenge Process

$100,000 Cash Prize Citi Mobile Challenge Process
$100,000 Cash Prize Citi Mobile Challenge Process

APIs

Your mobile Financial Solution should use at least one of the Application Programming Interface (APIs) made available through Citi® Mobile Challenge to power some of Citi’s latest digital offerings and will give developers an opportunity to create apps and other innovations that could function with existing Citi technology. No customer data will be shared. Citi encourages developers to use APIs outside of Citi to support and add additional features to their innovations.

Here are some of the APIs that selected participants will have access to at the beginning of March 13th.

Consumer Retail Banking

  • Checking, Savings and Credit-Cards
  • Account Balance and Transactions Inquiry
  • Transfers and Bill Payments
  • Branch and ATM locations

Institutional Clients

Pre-Paid Debit Cards

  • Create Account
  • Add Funds
  • Balance Inquiry
  • Update Profile
  • Close Account

Corporate Payments

  • Account Creation
  • Balance and Transactions Inquiry
  • Manage Beneficiaries
  • Initiate Payments
Markets and Security Services
  • Equities Trading
  • Place Order
  • Cancel Order
  • Order Status Inquiry

Customer Relationship Management

  • List Clients/Accounts
  • Revenue Profile Inquiry
$100,000 Cash Prize Citi Mobile Challenge
$100,000 Cash Prize Citi Mobile Challenge

 

Awards

You stand A chance to win a total of USD $100,000 in cash awards. As a Finalists one has the opportunity to be invited to explore a commercial relationship with Citi, as well as the opportunity to be selected for fast track participation in sponsorship accelerator programs, which could including mentoring, office space and/or investment.

Judging Criteria

Prototypes will be judged on a combination of the following criteria:

  • Integration to Citi platforms
  • Uniqueness
  • Innovation
  • Business potential
  • Functionality
  • Usability
  • Scalability
  • Rapidly add value to business
  • Easily implemented

For more information about the Challenge Terms click here. To Sign up and Win the challenge, click Here.

$100,000 Cash Prize Citi Mobile Challenge Process

$100,000 Cash Prize Citi Mobile Challenge Process

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