Earlier this month, the Bank for International Settlements (BIS) and the South African Reserve Bank (SARB) launched the sixth G20 TechSprint, inviting global innovators to tackle trust and integrity issues in finance.
"The G20 TechSprint is more than a competition," said Agustín Carstens, General Manager of the BIS. "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."
The 2025 competition calls for solutions in three key areas: verifiable digital identity, consumer-consented credit data portability, and fraud and cyber risk mitigation. Open to developers worldwide, the competition encourages submissions by 20 June 2025.
Shortlisted teams will develop their solutions over eight weeks, receiving expert feedback and a $5,000 stipend. An independent panel selects one winner per category, each of which will be awarded $30,000 in November. The initiative aims to support scalable, open finance innovations that strengthen trust and financial inclusion globally.
"Innovation must drive inclusion, build trust and deliver lasting impact on our continent and across the world," said Lesetja Kganyago, Governor of the SARB. "We are looking forward to solutions that will bring more people into the digital economy and enable cross-border trade."
Join The Discussion