Apply to the below mentioned challenge at
www.f6s.com/idfcbankremittancechallenge/apply

Fintech Valley Vizag, an initiative of Government of Andhra Pradesh in collaboration with IDFC Bank launches the “IDFC Bank International Remittance Challenge” to evaluate innovative solutions in Blockchain technology. The aim of the challenge is to assess the solutions and execute proof of concepts with the promising ones.

IDFC Bank is one of India's leading bank, offering a wide range of banking services.

PROBLEM STATEMENT:
International remittances executed over Blockchain

DESCRIPTION:
International remittance is very time consuming process as it goes through multiple banks which undertake reconciliation processes for transfer among them. The process is expensive for the banks, exchange companies and central banks which act as intermediaries. Customers have to pay very high commission charges. We need a Blockchain based solution for person to person remittance transfer though unr...
Apply to the below mentioned challenge at
www.f6s.com/idfcbankremittancechallenge/apply

Fintech Valley Vizag, an initiative of Government of Andhra Pradesh in collaboration with IDFC Bank launches the “IDFC Bank International Remittance Challenge” to evaluate innovative solutions in Blockchain technology. The aim of the challenge is to assess the solutions and execute proof of concepts with the promising ones.

IDFC Bank is one of India's leading bank, offering a wide range of banking services.

PROBLEM STATEMENT:
International remittances executed over Blockchain

DESCRIPTION:
International remittance is very time consuming process as it goes through multiple banks which undertake reconciliation processes for transfer among them. The process is expensive for the banks, exchange companies and central banks which act as intermediaries. Customers have to pay very high commission charges. We need a Blockchain based solution for person to person remittance transfer though unregulated but through a trustworthy and robust system which reduces the cost of operation and commission charges.

STEPS FOR START-UPS:
Interested startup firms may respond to the challenge with a solution aligned to the above mentioned problem statement. All the entries will be scored along the following points – solution fitment, business impact, ease of implementation and level of innovativeness.

All the shortlisted startup firms will be invited to showcase the final demonstration at Global Blockchain Summit 2017 organized by AP Fintech Valley, to be held on 9th and 10th October at Visakhapatnam. The event will provide an excellent opportunity for the shortlisted firms to interact and showcase their solutions to the leaders in the Indian Financial Industry.

BENEFITS:
Prizes - Fintech Valley Vizag will award the winner with the cash prize of INR 5 Lacs and runner-up with a cash prize of INR 2 Lacs
Market Access - Chance of doing a POC with partner corporate

TIMELINES:
Challenge Start date: 23nd August
Challenge End date: 20th September
Demonstrations: 9th and 10th October

Apply to the above mentioned challenge at
www.f6s.com/idfcbankremittancechallenge/apply
More information

Staff

Alexandra Radulescu
Admin
Alexandra Radulescu Account Manager @ F6S
Nitin Bajaj
Admin
Nitin Bajaj I am a sales and business development guy with hands on experience of launching a startup and scaling it up with growth hacking strategies.
Noopur Dogra
Admin
Noopur Dogra
Admin
Sameer Sharma
Admin
Sameer Sharma tm5ltmt