Citi Bank Open Innovation Challenge
Agency: Citi Foundation
Value: Various Awards
Eligible Caribbean & Latin American Countries:Global
Citi® Tech for Integrity Challenge (T4I) is a global initiative to invite and encourage technology innovators from around the world to create solutions to help public sector entities increase transparency and promote integrity.
T4I is open to entries from all over the world. Both start-ups and mature technology corporates are welcome. If you’re chosen to participate at Demo Days, a pilot-ready solution must be showcased.
- Government Transactions
Financial technologies and electronic banking solutions that improve transparency and control for payments and collections, including benefit payments and subsidies.
- Culture, Ethics and Engagement
Educate and engage citizens in the anti-corruption agenda, and promote a low-tolerance environment that increases awareness, responsibility and standards of behavior.
- Information, Security and Identity
Secure information, identities, networks and transactions involving governments that protect and enable digital solutions. Consider cybersecurity solutions.
- Crisis Management and Aid
Develop “fraud-and-graft-resistant” crisis payment tools designed for use in remote areas, conflict zones, and during natural disasters and refugee crises. Audit and track value and data transfers, including development assistance, digitally and remotely.
- Cutting the Red Tape
Minimize paper documents, cash transactions and manual processes, reducing opportunities for corruption and minimizing bureaucracy and promoting efficiency in financial processes.
- Analytics, Reporting and Transparency
Consider big data solutions and advanced analytics that detect, deter and prevent fraud and inappropriate financial transactions. Improve “whistle-blower” tools and auditing techniques.
- Financial Crimes and Illicit Activities
Apply financial technology to crack down on other illicit activities, such as nepotism, bribery and complicity in money laundering, tax evasion and the financing of terrorism.
Ensure that procurement procedures are transparent, and government contracts are awarded in affair and accountable manner.