Standard Bank CIB IT Challenge 2017

Now in its twelfth year, the Technology Impact Challenge (formally the IT Challenge), provides a great new format that will test student’s software engineering skills as well as their ability to collaborate to solve real-world problems using exponential technologies.

The event will also provide students with insights into how exponential technologies are disrupting the financial services industry and what banks like Standard Bank are doing to mitigate these threats.

This year, we will be looking at Blockchain, a form of technology which some say has the potential to be more disruptive than the internet itself. Students will need to improve their knowledge of the technology and come up with ideas of how we can use Blockchain to solve some of society’s greatest challenges.

The Technology Impact Challenge is made up of the three phases outlined below:

Heats – 6th May 2017 The heats will challenge the students to solve algorithmic problems of varying difficulty, of which the source code will be submitted and the judging software will indicate whether the team has solved the problem. The teams with the most points from each university will be invited to attend the finals at the Standard Bank Global Leadership Centre in in Johannesburg in August.

Finals – 18th – 22nd August 2017 The finals are made up of two phases: HashBlock – this part of the challenge will follow a similar format to the heats, but students will be asked to solve some of the real world challenges that banks face when using Blockchain. The Hashblock will test the students’ software engineering skills.

IdeaChain – students will be required to collaborate across universities, in teams of five to six, to come up with an idea and to build a prototype using Blockchain that will solve one of the societal challenges we face in South Africa today. The idea and prototype will be presented to a panel of judges.

The winners of both phases will be announced at a prize-giving gala dinner on the 21st August, where teams and universities will be awarded various prizes, including cash prizes and devices for students, and cash prizes for universities to be used by the department in question. Technology and financial services are an exciting and challenging space to work in. We look forward to the enthusiasm and expertise our students will show in meeting these challenges head on, and building solutions to some intractable industry problems.

 

IT Challenge rules 2016
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