Best Data Science/AI Solution in Fintech

 Entry Criteria

Entries for Best Use of Data Science/AI in Fintech must be self-nominated.

Fintech as a domain covers any application of technology to the finance domain used to enhance, automate, or improve the processes involved in the delivery of financial services and products to consumers and/or businesses. The areas covered by this award include, but are not limited to, banking services & infrastructure, wealth management, insurance, risk management, and trading/investment management. Entries to this award must showcase how they have applied Data Science/AI as part of a live implementation within the finance domain.

The solutions/products described in the entry must have been developed within the past 12-18 months.

It is recommended that your application is submitted in data science context rather than marketing literature as each submission will be marked against the criteria set out below and will be reviewed by a data science professional.

Scoring

Nominees will be scored on a number of different criteria, receiving a score out of 100

Business Problem

  • Demonstrate the organisation’s understanding of the business problem in FinTech; describe the key stakeholders and customers. Document how the project came about and how your organisation got it off the ground. [10 Points]

Solution Overview

  • Document the solution developed for the business problem. Provide an overview of the implementation of the solution and how it was deployed. Showcase the complexities and challenges you faced and how you overcame them. [15 Points]
  • Describe the data science skills, tools and techniques that were applied in order to deliver this project, in terms of both quantitative analysis of datasets and the application of Data Science/AI techniques to the problem at hand. [15 Points]

Innovation

  • Outline the innovation in your solution. What differentiates it from other solutions in FinTech that have been applied to the same problem? [20 Points]

Business Impact

  • Clearly describe how your solution to the business problem is delivering real business value. Showcase the number of customers that are using benefiting from this solution, and how they are benefiting. What other impact is the solution having on the business. [30 Points]

Vision

  • Describe your vision for your solution into the future. What other problems in FinTech do you plan to address through the application of Data Science/AI? [10 points]