What is Citi® Tech for Integrity Challenge?
How does the challenge work?
We crowdsourced integrity pain points globally to give tech innovators concrete examples of where technology has the potential to promote integrity.
Tech innovators can now apply to the challenge by submitting an application form and one-page document explaining their solutions. Applications are reviewed by Citi and allies for the Accelerator program.
Selected applicants are invited to participate in a world-class virtual accelerator to add value to their proposed solutions. Final submissions include a 2-minute video explaining the final solution.
Successful innovators are invited to showcase their working prototype at live Demo Days hosted by regional governments.
Finalists present to an audience of Citi and ally stakeholders at Demo Days which take place in Latin America, Asia and Europe.
Award recipients are announced and potential piloting opportunities are explored with Citi and allies.
We sourced integrity pain points in the following eight focus areas to help tech innovators promote integrity by providing solutions to real problems faced by organizations.
Financial technologies and electronic banking solutions that improve transparency and control for payments and collections, including benefit payments and subsidies.
Culture, Ethics and Citizen Engagement
Educate and engage citizens in the anti-corruption agenda, and promote a low-tolerance environment that increases awareness, responsibility and standards of behavior.
Information, Security and Identity
Secure information, identities, networks and transactions involving governments that protect and enable digital solutions. Consider cybersecurity solutions.
Crisis Management and Aid
Develop “fraud-and-graft-resistant” crisis payment tools designed for use in remote areas, conflict zones, and during natural disasters and refugee crises. Audit and track value and data transfers, including development assistance, digitally and remotely.
Cutting The Red Tape
Minimize paper documents, cash transactions and manual processes, reducing opportunities for corruption and minimizing bureaucracy and promoting efficiency in financial processes.
Analytics, Reporting and Transparency
Consider big data solutions and advanced analytics that detect, deter and prevent fraud and inappropriate financial transactions. Improve “whistle-blower” tools and auditing techniques.
Financial Crimes and Illicit Activities
Apply financial technology to crack down on other illicit activities, such as nepotism, bribery and complicity in money laundering, tax evasion and the financing of terrorism.
Ensure that procurement procedures are transparent, and government contracts are awarded in a fair and accountable manner.