FinTech Olympiad Competition 2023

19 Mar 2023 - 19 Mar 2023

FinTech Olympiad Competition 2023

19 Mar 2023 - 19 Mar 2023

Submission Deadline

19 Mar 2023 - 19 Mar 2023

FinTech Olympiad Competition 2023 - Calls for Entries

FinTech has become an indispensable part of our everyday transactions, and the younger generation is the driver of the trend. FinTech Olympiad, organised by the City University of Hong Kong and powered by HSBC is calling on post-secondary students from the Greater Bay Area to design FinTech solutions that create values for social and economic advancements. The submission deadline will close on 19 March 2023.

Winning teams will have a chance to receive prize money up to HK$100,000 and industry support from HSBC, including the Hub for Future membership and networking opportunities that empower the young innovators to bring their ideas to life.

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A. Summary

1 Workshop 6 Jan 2023
  • Design thinking & business innovation workshop
2 HSBC Networking Day 12 Jan 2023
  • Seek advice from HSBC industry experts
  • Meet like-minded people and expand network
3 Proposal submission 13 Jan - 19 Mar 2023
  • Design FinTech project & submit proposal
4 Screening End of Mar 2023
  • Screening by the organiser per judging criteria
  • About 20 teams will be selected into final round
5 Announcement Early Apr 2023
  • Announcement of finalists
6 Mentorship Mid Apr 2023
  • Finalists will meet mentor(s) to seek professional advice
7 Final Competition 20 May 2023
  • Final competition in hybrid mode
  • Presentation by finalists
  • Evaluation by judging panel per judging criteria
  • Results announcement

B. Objectives

As a competition participant, you will be able to:

  • Develop your talents, using FinTech to create values for social and economic advancements
  • Showcase your creativity and disruptive ideas to deliver positive impacts and changes to the society
  • Broaden your network across different universities in the Greater Bay Area and enhance teamwork and leadership skills
  • Grow and transform yourselves into creative problem-solvers, effective communicators and future leaders

C. Winners’ Rewards

  • Awards with prize money (per team) include:
    • Gold Medal: HK$100,000
    • Silver Medal: HK$50,000
    • Bronze Medal: HK$30,000
    • Best Cross-border FinTech Solution: HK$10,000
    • Social Impact Award: HK$10,000
  • HSBC Hub for the Future Membership
  • Networking opportunities with HSBC experts
  • Exposure in the FinTech Olympiad website and press release
  • Certificate of the award

D. Eligibility

  • Current post-secondary students or recent graduates within 3 years from all disciplines
  • Students can participate as an individual or as a team (2 to 6 people)
  • One student can participate in only one team
  • Team representation: each team must nominate one representative academic institution if any of the team members are from different academic institutions
  • One team can submit only one project
  • The project must be related to financial technology

E. Judging Criteria

(1) Problem solver [25%]
  1. Desirability: Unique value proposition: concise, straight-to-the-point statement about the benefits you offer your target customers / beneficiaries. How the product or service can satisfy people’s desire
  2. Viability: Can the product or service become a sustainable business? What has to be true for this business to work? What are the costs? How to pay for it?
  3. Feasibility: Can the product / service be developed, in terms of technical constraints, financial constraints, operational capabilities, estimated time-to-market, etc
(2) Changemaker [25%]
  1. Who are the target beneficiaries
  2. What contributions to the community / beneficiaries
  3. Short term and long term impact, that may facilitate to make a better world
(3) Innovator [20%]
  1. Creativity, in terms of the product or service itself, and/or how the product or service solve the problem in a creative / disruptive way
  2. Technology: effective and efficient adoption of financial technology to address the pain point and to solve the problem
(4) Thinker [15%]
  1. Identification of pain point/problem
  2. Who are the key stakeholders and their concern
  3. Assessment of competition / substitution and suggestions to deal with it
  4. Consideration & management of risks; regulatory & other factors
(5) Leader & Communicator [15%]
  1. Passion, ambition, vision of the team
  2. Team’s capability and expertise in developing the solution
  3. Ability to leverage external network / resources
  4. Presentation and communication skills

F. Competition Arrangements

  1. Proposal submission
    1. Competition teams should submit their proposals online, including:
      1. Presentation (suggested 15-20 slides) to introduce the project, which can demonstrate teams’ capabilities per the judging criteria
      2. All materials should be in English language
  2. Screening
    1. The screening will be processed by the organiser
    2. Qualified teams (about 20 teams) will be shortlisted to the final round
  3. Mentorship for finalists
    1. Finalists will meet mentor(s) to seek professional advice
    2. Format: hybrid (face to face in CityU for local teams; online for non-local teams, subject to pandemic situation)
    3. Mentors' background: experienced business leaders and FinTech experts
  4. Final Competition
    1. Each finalist team will be given 5-10 minutes to present their ideas, followed by Q&A session by the judging panel
    2. All pitching sessions will be recorded (and/or publicly released online)
    3. Each finalist team will be given a booth to showcase their projects (tentative)
    4. Judges will evaluate finalist teams and result will be announced on the same day
    5. Final competition will be held in hybrid mode (face to face in CityU for local teams; online for non-local teams, subject to pandemic situation)
    6. Language: English

G. Judges

  • Experienced business leaders & FinTech experts
  • Academic professionals

H. Enquiries

About Fintech Olympiad

FinTech Olympiad (FTOL), organised by the City University of Hong Kong and powered by HSBC, is an active learning programme designed to empower and inspire young FinTech talents and to promote connections among the FinTech communities in the GBA. FTOL provides a series of training, a project-based competition and networking opportunities that equip post-secondary students in the GBA with FinTech knowledge, skills and connections that can enhance their competitiveness and employability and help them surf the auspicious FinTech trend.