Digital Innovation Challenge

 


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"Innovation Is Anything But Business As Usual"


In the financial services industry alone, the rapid growth of financial technology (Fintech) companies has signaled impending disruption. Notwithstanding the growth of these players, most recent trends have indicated the need for technology- based partnerships in order to identify, develop and implement value added solutions for growth and transformation.

We want teams to work with us to develop technological solutions that enable one or more entities within the NCB Group of Companies to improve the customers’ experience or derive a new source of revenue.

NCB wants to consistently deliver new solutions that make it simpler and more affordable for our consumers to do their banking. One changing trend that is applicable to every banking institution, no matter where they are in the world, is that customer expectations are changing. They are demanding their products and services faster and cheaper and the option to access without visiting a branch or transacting between 8-5.

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How To Register

Find Your Team

In the event you would like to participate as part of a developer team or company, the team can consist of no more than three (3) members and you will be required to name a team leader (“Team Leader”) on the registration form. Each team must have at least 1 developer.

Send In Your Application

After you have carefully reviewed and accepted our Terms & Conditions you can fill out our Application Form


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Let Us Get Back To You

All fully completed registration forms must be received by NCB on or before 11:59PM Midnight (Bogota Time) on April 11, 2017 to be considered for this year’s Challenge.


After the registration period has ended, eligible participants will be notified by email on or about April 28, 2017 and will be required to confirm your participation on or before 11:59PM - Bogota on May 5, 2017.

Eligibility


One

You are not required to make any purchase or pay any fee to register, participate or receive an award or other recognition in the Challenge.


Two

NCB will cover costs of up to three team members to attend the event, scheduled for May 18-21, 2017 in Kingston Jamaica for air or ground transportation, hotel accommodations, meals and beverages. Your team will be responsible for expenses such as passports and visas for traveling to the Challenge Days.


Three

You may only register for the opportunity to participate in the Challenge if you are a developer team or company at the time of submission, and are at least 18 years old (or at least the age of majority in your jurisdiction of residence, whichever is older) at the time of registration.


Four

You may not participate if you are a resident in any jurisdiction where the Challenge is void or to the extent it is prohibited or restricted by law. In addition, employees of NCB and employees of any/all participating sponsors will not be eligible to register, participate in or advise anyone participating in the Challenge (other than as specifically approved in advance by NCB in connection with any mentorship program). However, the Challenge is open to individuals, companies or teams who have previously sold, licensed or otherwise provided services and/or similar solutions to NCB.


Five

NCB may, without notice and at any time in its sole and reasonable discretion, disqualify any registrant or participant who: does not meet the Challenge’s eligibility criteria, fails to comply with these terms and conditions, attempts to register or participate in the Challenge in any manner or through any means other than as described in these terms and conditions, attempts to disrupt or undermine the Challenge or attempts to circumvent any of these Terms and Conditions.

Six

NCB staff and their family members are not eligible to participate in this competition.

Guidelines


  1. It must be a technology solution that enables one or more entities within the NCB Group of Companies to.
    1. Improve the customers’ experience
    2. Derive a new source of revenue


  2. This competition is open to Caribbean nationals currently residing in the Caribbean.
  3. Invited Teams must have functional prototypes to demonstrate on Challenge Days.
  4. NCB will cover costs of up to three team members to attend the event, scheduled for May 19-20, 2017 in Kingston Jamaica for air or ground transportation, hotel accommodations, meals and beverages. Your team will be responsible for expenses such as passports and visas for traveling to the Challenge Days.
  5. It must not contain, depict, imply or refer (explicitly or through any commonly recognized abbreviations or other representations) to any crude, vulgar, obscene, sexually explicit, violent, disparaging, discriminatory, offensive, illegal or otherwise unsuitable language, activity or other content.
  6. It must not contain, depict or refer to any content which disparages or refers negatively to NCB, the Challenge, or any other person or entity.
  7. It must not contain, depict or refer to any content which unnecessarily refers to any third party (person or entity)
  8. It must not conflict with any of NCB’s core values,or otherwise be objectionable to NCB
  9. It must not contain any content that violates any law or any third party’s rights
  10. It must not have been submitted to any other Challenge, challenge, program or promotion where you were required to grant any licenses or other rights with respect to your solution to the operator or promoter of the Challenge or program, or any third parties.
  11. It must not use the NCB name or any trademarks, service marks, slogans, trade dress, logos or social media or other handles of NCB in or as part of the solution, team name, or other submission or materials.
  12. Solutions must not contain malicious code or be coded or designed in such a way that it creates an information security risk or otherwise compromises the integrity of the solution, whether as a stand-alone solution or in conjunction with its integration with any other system or application.

Prizes


Cash Awards: Over JMD $1 million in award money will be available to be awarded to the top two teams with the best solutions. The amount will be equally shared/ divided amongst all team members or disbursed as agreed by the team.