Open Up Challenge - Discovery event

Meet the Open Up Challenge

Join a Discovery event at 1 Aire Street on 29th March to learn more about Nesta's new £5m prize fund for FinTechs.

The Open Up Challenge is a new £5m challenge prize by Nesta at the forefront of open banking. We’re inviting talented teams from across the world – fintechs, data scientists and others – that can use open banking data accessed via APIs to deliver game-changing value for UK small businesses.

We're delighted to invite you to join a Discovery event with the Open Up Challenge team at 1 Aire Street to learn more about what's on offer and how you can apply.

When: Wednesday 29th March. Welcome drinks from 6pm, discussion 6.30-7.30pm, networking and drinks 7.30-8.30pm.

Where: 1 Aire Street, Leeds, LS1 4PR.

This event is for the benefit of potential applicants to the Open Up Challenge. Before registering, please check our prize criteria below.

The Discovery event is being organised in partnership with FinTech North, the Leeds FinTech conference organised by Whitecap Consulting and White Label Crowdfunding. The conference will be hosted on the 26th April 2017 at aql in Leeds.

What is the Open Up Challenge looking to reward?

To win the Open Up Challenge, you’ll build next-generation services, apps or tools that create game-changing value for UK small businesses. You’ll use new open banking APIs to transform how they discover, access and use business-critical financial services. Solutions should also facilitate intelligent, tailored comparison of core financial products including loans, business current accounts and overdrafts (either directly or through integration).

What's on offer?

Entrants will receive a mix of equity-free cash grants and awards (starting with a £50k upfront grant), access to a Data Sandbox containing anonymised UK banking transaction data & APIs aligned with the forthcoming open banking standard, and flexible technical support covering UX, data analysis, security and regulation.

For the full details, visit openup.challenges.org.

We look forward to seeing you there!