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The Borderless Innovation

Breaking the Borders, a Payment Revolution

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#borderless #innovation #payments #revolution

Enter The Borderless Innovation Challenge

  • Start Registration

  • Submit Proposals

  • Shortlist Finalists

  • Submit Solutions

  • Announce Winners

All timings are as per (GMT +4:00) Abu Dhabi, Muscat, Baku, Tbilisi
Organized By
In Partnership With

About Us

We are a Multi-Currency Platform Marketplace for Cross-Border trade & Payment messages.

This event focuses on building an SDK (Software Development Kit) for integrating remittance (domestic and cross-border) and payments (purpose-based payments and top-ups) services into existing mobile apps. The SDK will be developed for the Lulu Money mobile app, a platform that facilitates secure and efficient money transfers and utility payments.

Challenges

Use Case Scenario
The goal is to provide this SDK to external entities, such as FinServ Group, allowing them to integrate targeted financial transfers directly into their mobile apps or web portals. This will enable users to access remittance and utility payment services seamlessly alongside existing functionalities like retail, e-commerce, or banking.

Example Application

  • FinServ Group has a mobile app or web portal for its retail business. By integrating our Lulu Money SDK, FinServ can enable its users to perform remittance transactions and purpose-based payments directly from the app or portal.
  • Customers will have access to both retail features and financial services through a single app experience.
  • Upon selecting the payment service option, the user journey will transition into the Lulu Money remittance flow, including login, authentication, and transaction management, all handled by the SDK.
Icon
SDK for LuluMoney app

Develop an SDK that external partners can integrate into their mobile apps to offer
remittance (domestic and cross-border) and payment services.

Objective:
Develop an SDK that external partners can integrate into their mobile apps to offer remittance (domestic and cross-border) and payment services. The SDK should:

  1. Enable seamless financial service integration : Allow partner apps to offer remittance and utility payments options to their users.
  2. Provide a unified user experience: Maintain consistency between the partner app and the remittance flow.
  3. Implement shared authentication: Utilize a common-auth mechanism or auto-identification of customers for a smooth login experience.

Key Functionalities

  1. Remittance Flow:
    • Users can access purposeful transfers options through a button or menu item in the partner app.
    • Upon selecting the feature, the user is redirected to the remittance flow managed by the SDK, including login and transaction management.
    • The SDK handles remittance-specific screens (e.g., beneficiary management, amount input, transaction confirmation).
  2. Authentication & Auto-identification:
    • Implement a common-auth mechanism that enables shared login between the partner app and the remittance feature.
    • If a user is already logged into the partner app, the SDK can auto-identify the user, streamlining the remittance login process.
    • Support for OAuth 2.0 or JWT-based authentication to facilitate secure user identification.
  3. Transaction Management:
    • The SDK should handle the entire transaction lifecycle, from initiating a remittance to tracking its status.
    • Support features like exchange rate display, fee calculation, and transaction history.
    • Enable real-time transaction status updates and notifications to keep users informed.
  4. Security:
    • Ensure that all data handled by the SDK complies with UAE Central Bank regulations for data security and user privacy.
    • Integrate encryption and secure data storage for user credentials and transaction data.
    • Implement two-factor authentication (2FA) to provide an additional layer of security during login and transaction confirmation.

Getting Started
We will share our Lulu Money API document and sample data in the APIX sandbox.
API Documentation: Details of the backend services that the SDK will interact with for remittance processing.
Sample Data: Test data for simulating user authentication and transaction flows.

Prize

Prizes and Incentives

Win prizes under various categories

Host

Best Overall

Finalists will be considered for collaboration with Lulu Financial Services through commercial or investment arrangements or both

Host

Best Use of Technology

Attractive incentives

Host

Most Innovative

Attractive incentive

Eligibility

You can participate in the Borderless Innovation hackathon, if you are

  1. A Start-up
  2. A Professional or
  3. A Student.

FAQ

Am I eligible to participate?

Yes, the hackathon is open to all participants with a background in software development, mobile/web application design, or payment solutions.

What is the primary goal of this hackathon?

The objective is to develop a robust SDK for integrating remittance and payment services into mobile and web applications. The SDK should support functionalities such as secure login, transaction management, and regulatory compliance.

Can I submit multiple entries?

No, participants may submit only one entry per team under this problem statement.

How will the submissions be evaluated?

Entries will be judged on criteria like ease of integration, user experience, security, innovation, and documentation quality.

Are team applications allowed?

Yes, participants can form teams, however each individual can only join one team.

How do I get technical support during the hackathon?

Is prior experience in financial technology necessary?

Prior experience is beneficial but not mandatory. However, knowledge of security standards and mobile SDK development is recommended.

Hackathon Deliverables

Participants are expected to build the following:

  1. SDK Prototype: A functional SDK that can be integrated into a sample app to demonstrate the remittance functionality.
  2. Documentation: A developer guide for using the SDK, including setup instructions, API references, and sample code.
  3. Sample Partner App: A basic app that integrates the SDK to demonstrate how remittance features work within a third-party app context.
  4. Presentation: A brief presentation of the solution, focusing on the integration experience, user flow, and security measures.

Technical Requirements:

Platform: The SDK should be developed for iOS (Swift) and Android (Kotlin) platforms.
Authentication Protocols: Support for OAuth 2.0 or JWT.
UI/UX Customization : Allow partner apps to customize the SDK’s user interface to match their branding, while maintaining core remittance functionality.
Integration Simplicity: Ensure that the SDK is easy to integrate, with minimal setup required from the partner’s development team.

Getting Started

We will share our Lulu Money API document and sample data in the APIX sandbox.
API Documentation: Details of the backend services that the SDK will interact with for remittance processing.
Sample Data: Test data for simulating user authentication and transaction flows.

HOW TO REGISTER & SUBMIT PROPOSAL

Contact

For

The Borderless Innovation

related queries, please reach out to
support@apixplatform.com

For technical queries during registration or proposal submission process, please reach out to

support@apixplatform.com