Open Finance Appathon 2020
Build and launch market-ready solutions showcasing the future of open banking and open finance.
Submissions will close this Sunday, 13 December at 11:59pm (GMT). We'd love you to take part!
Sponsored by


The Challenges
- Enrich customer loyalty with value-added services powered by data
- Improve transaction controls and compliance monitoring
- Create an innovative card issuing banking service
- Improve personal finance management with analytics, savings or conversational banking
- Develop payment solutions for more efficient payroll services
- Enhance online or in-app payment experience with low-cost, instant money movement that drives conversions and reduces chargebacks
- Deliver faster cross-border peer-to-peer (P2P) and direct-to-merchant payments
- Apply AI/ML to payment fraud detection
- Improve UX for complex transactions i.e. import letter of credit
- Create seamless processes for corporate treasurers with mobile authentication capabilities
- Improve customer-facing analytics for corporate treasurers to manage liquidity, exposure and risk
Special Challenge: Open Finance for Good
COVID-19 is impacting everyone across the globe. Financial services will play a vital role in helping people get through these unprecedented times and communities recover. Open Finance for Good is a special category challenging fintechs to use the available APIs to create and scale a solution that tackles the unique needs of consumers or businesses affected by the global pandemic.
Solutions submitted before the deadline will be reviewed on an ongoing basis to ensure that those with the potential to make a positive impact go live as soon as possible. All partners will support and promote as many of these Open Finance for Good solutions as possible.

Who can participate?
- At least a minimum viable product
- Customers in production
- Be a registered company
Rules
- Uses at least one API from either Finastra, Railsbank or Yolt Technology Services
- Aligns to one of the challenge areas
- Serves the UK and/or European market (it can also be a global solution)
Prizes
All 12 finalists will receive USD5000 worth of AWS Activate credits*.
Winners for the following awards will receive free API consumption**.
Awards
Winners will also have the opportunity to gain exposure at client & industry events. Spotlight prizes to be announced.
*Subject to eligibility
**Railsbank and Yolt Technology Services will provide free API consumption for 6 months
capped at GBP5000. Finastra will waive the marketplace validation fee of USD5000.
Timeline
Launch
24 Aug
2020
24 Aug–
30 Oct
2020
Build
phase
Submissions
extended to
13 Dec 2020
11:59pm (GMT)
Jan
2021
Shortlist of 12
announced
Winners
live event
Jan
2021
24 Aug
2020
Launch
24 Aug -
30 Oct
2020
Build
phase
13 Dec 2020
11:59pm (GMT)
Submissions
extended to
Jan
2021
Shortlist of 12
announced
Jan
2021
Winners
live event
How to get started?
Here's what our Judges are looking for


Sam Edge

JP Rangaswami
Judging criteria
1
Business value
2
Technology innovation
Use of innovative technology, AI/machine learning and our partners' APIs.
3
Market readiness
4
Relevance to challenge category
What’s Open Finance?

Why is the Open Finance Appathon unique?

- Tap into open banking payments and data APIs
- Unlock core banking systems
- Utilise banking-as-a-service capabilities
Register and submit now
API Deep Dives
Want to know more? Contact us: hello@openbankingexcellence.org