Challenge:Fintech - The ultimate financial sense

We want to develop a so called “financial sense”. Just like other senses it can warn you for making the wrong financial decisions. This Financial Sense will proactively give you suggestions and tips and tricks. It can give you financial incentives based on big data analytics, artificial intelligence and maybe using bitcoin technology and internet of things.

Description
Rabobank  is the world largest Food &Agri bank and one of the largest “All finance” banks in the Netherlands. Over hundred years ago we started as a disruptor in the financial industry. We were one of the first cooperatives banks in the world. 

At the moment we see a new way of disruption in the financial industry called the Financial Technology startups or FinTech. The FinTech is all about the using of blockchain, artificial intelligence, big data, and robo advisors. The Fintech consists of thousands of small startups which are doing one banking service extremely good, cheap and fast. They use IT as a starting point. We are looking for ways to collaborate with these startups. For example by partnering in incubator programs, hackathons and investments in these startups. 

With these changes and trends banks need to open up and align their products to the customers. How can banks make use of all these new technologies and opportunities to create a super customer experience. An experience which can proactively warn the consumer if he or she is going make a wrong financial decision. Help the customer making the right call, combining different sources of data and artificial intelligence power. Delivered in a way and form which fits the customer perfect.

Subcase:
We want to develop a so called “financial sense”. Just like other senses it can warn you for making the wrong financial decisions.  This Financial Sense will proactively give you suggestions and tips and tricks. It can give you financial incentives based on big data analytics, artificial intelligence and maybe using bitcoin technology and internet of things. You can develop a working prototype, a concept, or a complete moonshot. Try to inspire “the suits of Rabobank” in a radical way!

Evaluation Criteria
•    Match problem definition
•    Amount of API’s used
•    Business value
•    User experience (look&feel)
•    Speed, sompleteness
•    Suggestion for next steps (API environment)
•    How innovative is the idea

Process information​
Wednesday 22:00-23:00 : Keynote speaker David Jan Jansse 
Thursday 11:00-12:00  kick off and API/Data workshop
Thursday 13:00 -15:00 Blokchain workshop
Thursday 15:00-17:00  Lora workshop 
Thursday 17:00-18:00 Consulting hour concepts
Thursday 18:00-19:00  Pitch workshop
Thursday 19:00-21:00 Coaching pitches
Friday 9:00-11:00 pre selection award ceremony
Friday 11:00 Final: pitches
Friday: 12:00 Award ceremony

Expected result​
Concept, prototype, business model
Create this financial sense. Based on new technology. You can develop a working prototype by using API’s from for example Watson, google & Rabobank. But you can also develop a “powerpoint” prototype to inspire us, a concept, campaign or business model​

Technical information
The Rabobank API playground is the testlab environment for designers and developers. Rabobank encourages developers to create functions and solutions based on our API sets You will find API datasets based on prefixed data like
• Information (e.g. bank city, atm nearby)
• balance information
• transaction information
• Transaction initiation
• account data
• and many more

Acces
In order to access Rabobank APIs from a software application, developers will need an API key within the API documentation. Participants may access the API's on the documentation page. We will provide api keys during the event https://honeybee.3scale.net/

Documentation
Information and getting started with our developer environment can be found on GitHub
https://github.com/honeybeeAPI/documentation/blob/master/README.md

Reward
Winning team Fintech:
• Follow up presentation at Rabobank Executive Center (June)
• Possible implementation of prototype in app
• 1 person: 3 day journey to New York, and joining DemoDay Startup Bootcamp FinTech New York. (20th July 2016) http://www.startupbootcamp.org/accelerator/fintech-new-york.html
• FitbitHR (5)
Rechargeable battery packs final pitching teams

Jury: Bert van de Belt (director technology, member of the executive committee @Ordina)
Hardy Seinhorst (digital program manager for web and mobile Rabobank)
Robert Lommers (business change manager / open banking Rabobank)

#Rabobank

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