G20 TechSprint 2025 - Trust and integrity in scalable and open finance
The BIS Innovation Hub and South African Reserve Bank (SARB), under the G20 Presidency, have jointly launched the 2025 edition of the global TechSprint competition.
- Watch a video about the 2025 G20 TechSprint
- Watch the launch ceremony of the 2025 G20 TechSprint
This sixth edition of the G20 TechSprint invites developers from around the world to build innovative solutions for verifiable digital identity, consumer-consented credit data portability and fraud and cyber risk mitigation - paving the way for scalable and open financial ecosystems underpinned by trust and integrity.
Winners for each category (problem statement) will be chosen in November by an independent panel and stand to win awards of up to USD 30,000.
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 will focus 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.
See the full details of the problem statements here: https://app.apixplatform.com/h1/g20southafricahack#problem-statements
How to participate:
Register at https://app.apixplatform.com/h1/g20southafricahack and submit technological solutions to one or more problem statements.
- Shortlisted teams will be invited to develop their solutions over an eight-week period and will have an opportunity to showcase them and receive feedback from national authorities and invited experts.
- An independent panel of experts will choose one winning solution for each problem statement, to be announced in November.
- Winners for each category (problem statement) will receive an award of USD 30,000. All short-listed projects receive a stipend of about USD 5,000.
- The last day to submit proposals is 20 June 2025.
The G20 TechSprint is more than a competition. It is a collaborative effort to redefine the future of finance. Our collective challenge is clear: to develop scalable, adaptable, and inclusive solutions that reinforce trust and integrity across borders. The themes of South Africa's presidency- solidarity, equality, and sustainability-should inspire us to break down barriers and forge partnerships that have lasting global impact.
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.
For more information, visit the competition page.