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What is the news?
International Financial Services Centres Authority (IFSCA) has launched the “Sprint04: Market-Tech” Hackathon.
IFSCA is organizing “InFinity Forum 2021”, its maiden flagship financial technology and global thought leadership event.
As part of this forum, IFSCA has organised a series of Hackathons cutting across the spectrum of banking, insurance, securities and fund management.
Sprint04: Market-Tech is one among these hackathons.
About Sprint04: Market-Tech
It is hosted by IFSCA and GIFT city in collaboration with National Stock Exchange of India Ltd (NSE).
Focus: The hackathon is focussed on the Capital Market Segment.
The problem statements for this Hackathon are (a) Solutions for promoting Retail Capital Market Products at GIFT IFSC, (b) Solutions for encouraging participation of banks, institutional investors, and retail investors in green finance products at GIFT-IFSC, (c) A solution based on Distributed Ledger Technology for tokenization and fractional ownership of physical assets and (d) Innovative Solutions on Web 3.0 focusing on capital markets.
Rewards: Direct-Entry into IFSCA Regulatory/Innovation Sandbox, Incentives and Prize Money of INR 20 lacs.
| Note: Regulatory/Innovation Sandbox allows the FinTech entities to have facilities and flexibilities to experiment with innovative FinTech solutions in a live environment with a limited set of real customers for a limited time frame. |
Source: This post is based on the article “Launch of Hackathon “Sprint04: Market-Tech” under I-Sprint’21” published in PIB on 8th Dec 2021.
