Open Banking Challenge

Programs

Competition
Open Banking Challenge
Registration Ended
In-person/Virtual

31st December, 2022 – 23rd March, 2023

openbanking
About

It is a digital challenge focused on providing solutions in the field of open banking, linking the challenge between acquiring the basics in preparing a business model and the principles of innovation of open banking products. The challenge contains a number of stages that prepare the entrepreneur from presenting his presentation at the closing ceremony to the jury for a chance to win the challenge prizes.

Acceptance Criteria
idea
An idea in the open banking domain
experience
Experience in the field
schedule
Full-time commitment during (Feb/26th to Mar/16th)
Challenge Journey
01

31st December - 4th February

Registration Opens
02

5th – 9thFebruary

Initial screening
03

12th February

Launching and Confirmation to those who accepted
04

13th - 16th February

Business model preparation stage

First week

05

19th - 23rd February

Filter and selection of participants

Second week

06

26th February - 9th March

Training bootcamp
07

12th - 16th March

Technical Support
08

19th - 23rd March

Guidance and follow-up
09

23rd March

Closing Ceremony
Benefits of the program
prototype
Helps you build a business model
group
Reach to experts and those interested in the field
training
Special training in the fields of open banking
mentor
Working with mentors in the sector
information
Stay up-to-date with the latest technologies
tech
Business Model Preparation Week
  • The Idea
  • Framework
  • Clients and Partners
  • Revenue model
  • Financing and investing for startups
workshop
Training Bootcamp
  • Open Banking Policy
  • Open Banking Technologies and Solutions
  • API
  • Data protection and privacy
  • Setting up pitch deck
img
Technical Support Week
  • UI/UX
  • Technical support on Open Banking technologies
  • Pitch Deck
Challenge Tracks
Expenses Management
  • Payment analysis and expense forecasting applications
  • Financial planning applications
  • Family wallet apps
  • Funding Eligibility Verification Solutions
  • Accounts aggregation solutions
Integration with fintech services
  • Electronic billing and payment solutions
  • Financing Solutions
  • International exchange and transfers solutions
  • Integration solutions with automated trading portfolios
  • Business portfolio solutions
Integration with artificial intelligence and the Internet of things applications
  • Expense forecasting and recommendations applications
  • Internet of Things Payment Solutions
  • API solutions as a service
  • Integrating Blockchain Applications to validate transactions
  • Analyzing demographic diversity and forecasting optimal business growth models
10
Training programs and counseling sessions
50
Beneficiaries
10
Prototypes development

FAQs

  • Expenses management
  • Integration with fintech services
  • Integration with artificial intelligence and the Internet of things applications

Attending workshops and counseling sessions is required to fully benefit from the program.

We are pleased to contact you and we will always be ready to help on the following e-mail: digitalchallenges@mcit.gov.sa

There is no fee as the Digital Challenges Program aims to support the nation's youth and raise technical competence in general.

Given the importance of each path of the challenge, it is necessary to register the participant with only one idea for each path separately.

It will be an intensive program that includes extensive training workshops and mentoring sessions with technical experts.

Both languages, Arabic and English.

Our Partners

Find more

Challenge Partner

fintech

Success

SDAIA

Technology

tarabut
qoyod
sabb
elm