AFE Fintech Hackathon
AFE Fintech Hackathon
Posted by: Arab Federation of ExchangesLebanon
Finalists have been announced. View them.
Winners
Winner
Project: AFE Hackathon: Valify Pitch Deck
By Valify
Theme: Digitizing & Sharing KYC in Arab Markets
Overview

The Arab Federation of Exchanges was established in June 1978 to be the guiding body for the Arab stock exchanges, under the recommendation of the Arab Central Banks Conference, held under the auspices of the General Secretariat of the League of Arab States in the Hashemite Kingdom of Jordan. The headquarters of the Arab Federation of Exchanges is located in Beirut, Lebanon.
To provide a regional and international reference to the Arab Financial Markets through:
The AFE is the Arab industry group for exchanges and Clearing houses (CSD’s), and financial institutions (brokerage firms) around the Arab regions (GCC, Levant and Arab African countries).



Themes
Digitizing & Sharing KYC in Arab Markets

How can digital solutions help unifying KYC procedures between Arab markets? How can we create single investor ID that an investor can use to trade on different markets freely?



Prizes

Fintech Galaxy:
1 year free Stars membership on FinX22

Oracle:

Access to Oracle’s Unique Accelerator Program “Oracle for Startups” connecting promising startups with cloud resources and enterprise expertise: Free credits for Oracle Cloud, plus access to additional credits and other exclusive benefits.



Solution Needed

Digital KYC, document sharing and trading history sharing via AI and Blockchain



Customer Pain Points

A different ID for each investor in each market



Technical & Regulatory Requirements

KYC regulations have to be revised thoroughly, in order to find a common ground for regulators to allow it.

Ecosystem Partners

  • American University of AUB (AUB)

    American University of AUB (AUB)

    ​​Founded in 1866, the American University of Beirut bases its educational philosophy, standards, and practices on the American liberal arts model of higher education. A teaching-centered research university, AUB has around 800 instructional faculty and a student body of around 8,000 students. The University encourages freedom of thought and expression and seeks to graduate men and women committed to creative and critical thinking, life-long learning, personal integrity, civic responsibility, and leadership.
  • AWS

    AWS

    Whether you are looking for compute power, database storage, content delivery, or other functionality, AWS has the services to help you build sophisticated applications with increased flexibility, scalability and reliability. To learn more about how AWS can support you check the following link: https://aws.amazon.com/startups/
  • Flat6Lab Beirut

    Flat6Lab Beirut

    Flat6Labs Beirut is a startup seed program and early stage fund designed to empower entrepreneurs to develop and scale viable companies in a short period of time.
  • Hatch Quarter

    Hatch Quarter

    Hatch Quarter is an innovation Hub. Established in Melbourne's Docklands in 2015 by the co-founders of a creative agency, we are on a mission to unlock the creativity and innovation of local and international entrepreneurs. Whether you’re an individual or a team, our space can accommodate your needs. Step into a productive environment that encourages creativity. Be part of our community and enjoy the benefits of your membership to the space.
  • Oracle

    Oracle

    Oracle is delivering a unique acceleration program that enables mutually beneficial business-building partnerships for startups, our customers, and Oracle. It starts with free cloud and expands to a rich collaboration that brings opportunities to engage with Oracle’s vast network of mentors, product experts, and customers. Together we're creating a virtuous cycle of innovation.

Participants
67

Team size
2-5

Registration Start Date
Jul 16, 2020

Registration End Date
Aug 20, 2020

Shortlisting Date
Aug 27, 2020

Hackathon Start Date
Aug 31, 2020

Hackathon End Date
Sep 07, 2020

Arab Federation of Exchanges

The Arab Federation of Exchanges was established in June 1978 to be the guiding body for the Arab stock exchanges, under the recommendation of the Arab Central Banks Conference, held under the auspices of the General Secretariat of the League of Arab States in the Hashemite Kingdom of Jordan. The headquarters of the Arab Federation of Exchanges is located in Beirut, Lebanon.

The AFE is the Arab industry group for exchanges and Clearing houses (CSD’s), and financial institutions (brokerage firms) around the Arab regions (GCC, Levant and Arab African countries).The Federation was set up to contribute to the “development of regulations and promoting harmonized and proactive legislations, and exchanging viewpoints and providing opportunities for cooperation among members”.