SAB is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom’s economic growth and social development. SAB is one of the leading Corporate and Institutional international banks in the Kingdom with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance, foreign exchange, equity and debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence.
SAB Hackathon
Collaborate to Innovate
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#saudiawwal #hackathon #banking #innovation
BE A PART OF SAB Hackathon CHALLENGE
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Start of Registration and Proposal Submissions
Register now to kickstart your SAB Hackathon journey and unlock the first step towards an exciting and rewarding experience. Join us to access the challenges awaiting you. Start submitting your proposals for the problems posted.
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Proposal Submissions End
Submit your well thought out proposals, tackling one or more of the specified problem statements, to showcase your innovative solutions and strategic thinking.
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Announcement of Winners
Our panel of expert judges will evaluate and shortlist teams based on the quality and effectiveness of their proposals. Upto 3 winners will be selected for each problem statement.
Start of Registration and Proposal Submissions
Register now to kickstart your SAB Hackathon journey and unlock the first step towards an exciting and rewarding experience. Join us to access the challenges awaiting you. Start submitting your proposals for the problems posted.
Proposal Submissions End
Submit your well thought out proposals, tackling one or more of the specified problem statements, to showcase your innovative solutions and strategic thinking.
Announcement of Winners
Our panel of expert judges will evaluate and shortlist teams based on the quality and effectiveness of their proposals. Upto 3 winners will be selected for each problem statement.
All timings are as per (GMT +3:00) Baghdad, Riyadh, Moscow, St. Petersburg
Organized By
Supported By
About Us
Problem Statements
You can submit solutions for one or more of the problem statements listed below
Problem Statement #01
How might SAB harness existing channels and lending/payment products to expand into new channels and opportunities that enable Saudi corporates to be served quickly, reliably and conveniently using innovations?
- NLP and AI for invoice processing and digitization
- Distributed ledger technology for reconciliation across multiple stakeholders in the value-chain
- Using AI tools to reduce fraud and improve risk management
- Using advanced Identity management tools for all stakeholders in the value-chain reducing fraud and other forms of risk
- Advanced imaging tools to spot fake / modified applications
Problem Statement #02
Digitizing Invoices and Financing for SMEs and Corporates on KSA Platform using modern digital tools.
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NLP and AI for invoice processing and digitization
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Distributed ledger technology for avoiding double-spend and reconciliation across multiple stakeholders in the value-chain
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Using AI tools to reduce fraud and improve risk management
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Using advanced Identity management tools for all stakeholders in the value-chain reducing fraud and other forms of risk
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Advanced imaging tools to spot fake / modified claims being made
Problem Statement #03
Innovative solutions for digitising tax claims, submitted by SME's and Corporates on the KSA Central Government platform.
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NLP and AI for invoice processing and digitization
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Distributed ledger technology for avoiding double-spend and reconciliation across multiple stakeholders in the value-chain
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Using AI tools to reduce fraud and improve risk management
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Using advanced Identity management tools for all stakeholders in the value-chain reducing fraud and other forms of risk
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Advanced imaging tools to spot fake / modified claims being made
Prizes
Prizes to be won
Three prize winners will be selected across the three Problem Statements.
Winner
Present your solution to SAB's Chief Innovation Banking Officer
| Membership of SAB Innovation Center
| Profile in post-event white-paper published by ADL
| Feature in regional Fintech podcasts
First Runner-Up
Membership of SAB Innovation Center
| Profile in post-event white-paper published by ADL
| Feature in regional Fintech podcasts
Special Mention
Profile in post-event white-paper published by ADL | Feature in regional Fintech podcasts
Eligibility
- The competition is targeted at registered Organisations from all countries and jurisdictions interested that develop innovative digital solutions leveraging modern tools like AI, NLP, distributed ledger, imaging technologies to enhance financial processes and those that have an element of innovation and novel application of technology.
- The competition is open to Organisations who meet all the following criteria:
- Fully complete the registration and proposal submission process by the stated deadline within the framework of the SAB Hackathon, the three Problem Statements; and
- Are not an employee of the organising organisations (SAB), or any of its subsidiaries, or an immediatef amily member of any such employee.
- Team leaders must fully register their teams and submit their proposal(s) to one or more problem statements by the close of the registration period. Teams are encouraged to register early. Registrations to specific problem statements may close once the application cap on that problem statement is reached. Participation is free of charge.
- All participants must agree to the terms and conditions of the SAB Hackathon and the Technology Provider's platform usage conditions (APIX) before they can submit their registration.
- Teams will retain the title, rights of ownership, or intellectual property rights of any kind regarding the Proposals and any related information submitted or developed on the platform in response to the problem statements.
- Final submissions from all shortlisted teams will need to be made available to the judging panel on the APIX hackathon platform. Teams declare and guarantee that:
- they have all necessary authorisations, permissions, licenses, and agreements to participate in the SAB Hackathon and for all material uploaded to, or developed on the platform;
- their participation in the SAB Hackathon and their submission of Proposals comply with all applicable laws, rules, and regulations.
- If the judging panel selects one of the team's Proposals as a winning solution, the team agrees to present the proposal in a manner and format agreed with the organizers.
- By registering for the Hackathon and accepting the terms and conditions, Teams' agree to grant SAB and/or the appointed Technology Partner the right to use, distribute to the public, and publicly display the Projects submitted during the Event for the purposes set forth in the SAB Hackathon Terms and Conditions, including the right to publish the Projects on the site and/or on other communication, analogue, digital and paper channels.
- The Hackathon will operate in English. All materials and communications submitted in connection with the Hackathon must be in English.
Media Centre
Highlights about the SAB Hackathon Challenge
FAQ
Am I eligible?
The SAB Hackathon Challenge is targeted at teams from all countries meeting the Eligibility Criteria published on the SAB Hackathon landing page and are interested in developing technological solutions to address the identified problem statements and who have a proven track record of delivery – whether that is writing software, designing user experiences, or product management. The competition is open to all participants who meet all of the following criteria: i. Fully complete the registration and proposal submission process by the stated deadline w; ii. Are not an employee of the organizing organizations (SAB), or any of its subsidiaries, or an immediate family member of any such employee.
Are there any other requirements?
You will have to agree to the terms and conditions of the SAB Hackathon and the Event Platform’s user requirements at the point of registration. Participants should also note that the Hackathon will operate in English. All materials and communications submitted in connection with the Hackathon must be in English.
Can I participate in multiple problem statements?
Yes you may participate in solving multiple problem statements. However, please note only one proposal is accepted from an organization for a particular problem statement. Please ensure therefore, that the best solution is put forward. An organization can submit proposals for all the problem statements.
How do I register and submit my team's solution proposal (s)?
Interested teams should click on the registration tab and complete fully the registration questionnaire before the registration deadline. Teams should also fill in fully the details of their proposal (s) in the relevant sections of the questionnaire. If teams wish, they can submit supplementary material relevant to their proposal (s) in the attachment section and/or links to short explainer videos. This would be treated as supplementary reference material and reviewed only if the written proposal in the questionnaire is assessed to have sufficient merit.
Is there any geographical restriction on who can participate?
No. The physical location of the participant does not matter. We welcome proposals from all jurisdictions and will work with the participants to facilitate an effective presentation of the proposal during the judging phase.
What is the judging process?
Our panel of judges will assess the proposals based on their desirability, feasibility, and viability in addressing the problem statement. The screening and shortlisting process will take place on October 31, 2024, with the winners being announced on November 3, 2024.
Can I request for re-evaluation in case I am not satisfied with the Judges' decision?
NO. You cannot request for re-evaluation. The decision of the judges shall be final and binding. SAB reserves all rights with respect to the event.
HOW TO REGISTER FOR HACKATHON & SUBMIT PROPOSAL
HOW TO REGISTER FOR HACKATHON & SUBMIT PROPOSAL
Please click on the link below to know How to Register & Submit Proposal.