UPDATE: Meet the three most outstanding teams at the three day #DataHack4FI challenge

The three day hackathon that kicked off on Friday with a flamboyant launch finally came to an end after days of coding and programming away to come up with brilliant ideas from over ten teams to use data to define a problem for a section of the population that was ignored in the financial inclusion.

The final day of the DataHack4FI saw the 10 surviving teams from Day 2 make final touches of their presentation for the judges to pick the final three teams. The teams 3 days’ work had to be summarized in five minutes of presentation. The seemingly slow day started to get momentum as the teams gathered for the final activity of the day.

The criteria the judges used to select the best teams included the team’s ability to use data to define a problem and whether the provided solution involved a section of the population that was ignored in the financial inclusion.

A little look into what the teams presented had the judges identify a few ideas that looked the same and the judges proposed that they either merge their ideas or they better their ideas more. However, here is a little look into what the top teams had to offer in a five minute presentation;

Team Code Eagles. This was the first team to start the presentation after a few remarks from the judges. The team suggested an application that coordinates mobile money accounts. They considered working with telecommunication companies to secure mobile money accounts. “We want an SME person to be able to secure cash”

Team Dataholics: This team seemed to be driven by the fact that most of the transactions on mobile money services are hard to be followed up after the transaction has taken place. “We want to make sure that the transactions have a clear footprint so the bank can prove that it’s the business transacting”. They promised to keep your money safely by eliminating cash in hand and moving transactions to a USSD code type mobile app for transactions.

Team Dataholics

Team iCreate: “We are not encouraging betting, we are just helping you save a percentage of what you win from a bet”, stressed Albert as he started his presentation. The third of the day. He hinted on 67% of people that had mobile money accounts according to a research. What we are solving is injecting all the bet winnings back and spending if wrongly. They proposed a system that is going to save automatically a specific percentage of the winnings onto a fixed account that you can withdraw from after a specific time frame.

Team Insure Me presented an idea to provide about 1,000,000 plus boda bodas in the city with insurance. They proposed awarding points to riders on the things they spend on, especially fuel. “Our system will have an app and hardware finger print scanners that will be used whenever a registered user purchases fuel on a gas station.” These points can later be redeemed as insurance. They had the idea of loyalty cards that are famous in super markets at the back of their mind.

 

Alpha T Team was bringing the concept of Salary for Growth. This is an application which would offer loans for employees to grow their side businesses. With a link to mobile money accounts, the app would track data of income as well as borrowing habits in order to determine whether to give the loan or not. Providing lower rates than most banks, this app was looking to help people to get capital for their businesses.

Alpha Team

Team Killer Analytics had the Smart Credit, a loan providing app which would track your monetary needs and calculate for you a near accurate figure for you to borrow. With links to mobile money accounts to prevent time lost when going to apply and receive these loans, the app was also to give more in-depth information on what the loan includes.

Team HAS came up with a security check application for your mobile money accounts. Focusing on the problem of these conmen who call threatening or asking for money, “nKUMANYi” would be able to do a background check for as low as UGX50 to make sure there isn’t any funny business going on so as to prevent fraud before it happens, and in best case scenarios, capturing these thieves and bringing them to justice.

Team Has

Team FarmTalk came up with a social site for farmers to get information on farming tips and updates in order to optimize their endeavors. This free app would be used by farmers to update each other about regional issues like drought or floods, and even sell their produce. It was designed for any device, so a farmer wouldn’t have to be a smartphone user to receive this information.

Farm Talk

Team Teleka wanted to encourage the savings culture by introducing a USSD platform linked to your mobile network. Research showed that most people used their savings to cater for their health needs, their product was aiming at linking health insurance service providers with people countrywide. A flat fee of UGX500 per month would make sure that even if one did not consciously save their money, they would still not be caught off-guard when the need arose.

Team Teleka

Team Source Code The last team of two to present, team Source Code visionalized an app that would automatically calculate the taxes owed to URA. They are aware that most people find hard time calculating these taxes and seemed to have the right solution to curb that.

Team Source Code

After an interesting session of presenting, the judges then had a little brief to come up with who the winners of the Hackathon were after a three day of activity to come up with the most effective idea that would get them into the accelerator program due in Cape Town, South Africa.

UPDATE: The Judges with a few words of advice went ahead to announce the outstanding teams of the hackathon; Killer Analytics, Farm Talk and Insure Me.

The Top 3 teams at the Data Hack were the outstanding teams from the three day competition but all the teams went into the accelerator programme. After the 4 week accelerator programme, the final 3 teams will be chosen that shall represent Uganda. Guru8 shall be bringing timely updates from the accelerator as it unfolds too.

The hackathon Finally Came to an end and was a marque thanks to Insight2impact in partnership with Laboremus Uganda Ltd, FSD Uganda, UNCDF MM4P and L-IFT and with additional support from GladFarm Uganda and innovation Village.

This article was been updated on April 5th 2017 at 12:08

  • arwakatungu

    Awesome