G20 TechSprint 2025 - Trust and integrity in scalable and open finance

Finalist announcement

The BIS Innovation Hub and South African Reserve Bank (SARB), under the G20 Presidency, have announced the 15 finalists for the 2025 edition of the global TechSprint competition.

The Bank for International Settlements (BIS) and South African Reserve Bank (SARB), under the South African G20 Presidency, announced the shortlisted finalists for the sixth edition of the G20 TechSprint challenge on trust and integrity in scalable and open finance.

The shortlisted teams now have until mid-October to complete their prototypes, which will then be judged by an independent expert panel. Winners for each of the three categories will be announced in November ahead of the G20 Summit in South Africa.

The 15 finalists were selected from more than 165 participating teams from more than 30 countries and jurisdictions.

Shortlisted teams

Problem statement 1: Verifiable and privacy-preserving digital identity solutions

  • Currency Network Ltd.
  • Ownapay SA (Proprietary) Limited
  • Settlefirst Assetsworks Private Limited
  • SmartContract Inc.
  • walt.id

Problem statement 2: Consumer-consented and secure credit data portability

  • Akiba Digital (Pty) Ltd
  • A team of eight individuals led by Amit Bapat1
  • eSusFarm Africa
  • Silence Laboratories Pte. Ltd.
  • Smile Technology Pte Ltd. 

Problem statement 3: Solutions to mitigate fraud and cyber risks

  • Banfico VOP
  • ContexQ
  • FNA and Proto
  • Kasikorn Soft Company Limited
  • Mastercard 

More on the G20 TechSprint

Every year, the G20 TechSprint promotes the development of cutting-edge technological solutions to pressing global challenges and the priorities of the global regulatory and central bank community.

Following the success of previous competitions in the areas of  regulatory compliance and supervision, green and sustainable finance, central bank digital currencies, cross-border payments and solutions to support the UN Sustainable Development Goals, this year's TechSprint focuses on three problem statements, as formulated by the BIS Innovation Hub and SARB.

  • Digital identity solutions: establish trust among financial institutions through innovative, verifiable, and privacy-preserving digital identity technologies.
  • Credit data portability: improve the ability of small and medium-sized enterprises to finance through secure, consumer-consented data exchange solutions that facilitate seamless cross-border sharing of credit information.
  • Solutions to mitigate fraud and cyber risks: drive wider adoption of fast payment systems globally - and promote financial inclusion and economic growth - through technology designed to reduce fraud and cyber risks.

International cooperation is central to the BIS's mission, which is why we are proud to support the G20 TechSprint. This initiative brings together innovators from a variety of backgrounds and different countries to drive positive change in the global financial system. I'm eager to see the solutions to this year's challenge, under South Africa's G20 presidency, of delivering trust and integrity in scalable and open finance.

Pablo Hernández de Cos, General Manager of the BIS

Innovation must drive inclusion, build trust and deliver lasting impact on our continent and across the world. We are looking forward to solutions that will bring more people into the digital economy and enable cross-border trade.

Lesetja Kganyago, Governor, SARB

1 Full list of team members: Brijesh Baisakhiyar, Rakesh Ranjan, Vinodh Rajkumar S, Amit Bapat, Ashoo Jain, Utkarsh Jaiman, Hrishikesh Nashikkar