Standard Bank Tech Impact Challenge: Xente credit scoring challenge
2000 Zindi Points
Predict the likelihood of credit default of ecommerce clients
386 data scientists enrolled, 96 on the leaderboard
Financial ServicesPredictionStructured
30 August 2019—2 December 2019

This challenge is an invitational challenge designed in association with Standard Bank, specifically for the Standard Bank Tech Impact Challenge (SBTIC) Finals. Welcome to the SBTIC participants!

If you are at the SBTIC Finals taking place from 30 August to 3 September 2019 in Johannesburg, South Africa, you may enter this challenge by giving your email address to the Zindi representative.

After the SBTIC, this competition will be re-opened as a Points Challenge to allow others in the Zindi community to learn and test their skills.

According to the Uganda FinScope 2018 survey findings, 46% (8.5 million) adults borrowed money during the 12-month period prior to the survey, with the majority borrowing to cover regular living expenses (such as education) during low-income periods. Further, the largest source of borrowing is from informal lenders i.e. savings groups, burial societies, community-based money lenders etc.

Xente is a Ugandan e-commerce startup that makes it easy for consumers to make payments, get loans, and shop using simply a mobile phone. Using the Xente app you can access personal loans of from UGX 500 – UGX 3,000,000.* The funds can be deposited into your Xente wallet, and then transferred into your Xente Visa card, mobile money wallet, or bank account. You can make transactions using the app using your mobile money or bank card.Alternatively, you can use the funds to buy any product or service in the Xente app. Xente also has a “Buy Now & Pay Later” option, for products such as airtime and data, bill payments, utilities, movies, and bus tickets.**

The objective of this challenge is to create a machine learning model to predict which individuals are most likely to default on their loans, based on their loan repayment behaviour and ecommerce transaction activity.

The resulting models and solutions will help Xente refine their credit decision processes, and enable them to more adequately assess the creditworthiness of new and existing clients. For Xente, this may result in improved profitability and financial sustainability; while for Xente’s cliente, increased creditworthiness would enhance their access to credit and contribute to an improved livelihood.

This challenge is hosted by Xente, in association with Standard Bank

About Xente (

Xente is an e-payments, e-commerce, and financial services company in Uganda offering various products and services that can be paid for using Mobile Money (Airtel Money, MTN Mobile Money), Bank Card (Visa Card, Master Card,Amex), Xente wallet and on credit (Pay Later). Some of the products consumers can buy include airtime, data bundles, pay water and electricity bills, TV subscription services, buy event tickets, movie tickets, bus tickets, and more.

About the Standard Bank Tech Impact Challenge

The Standard Bank Tech Impact Challenge (SBTIC) is a competition for teams of students in South African tertiary institutions, at undergraduate and honours level, to demonstrate their programming ability and teamwork capabilities with limited resources.

Each of the participating tertiary institutions enters a number of teams. The teams attempt to solve as many problems as possible during the Heats, which take place at the tertiary institutions during the first half of the year. The top teams from the the top 15 institutions are then invited to the Finals in Johannesburg. The winning student teams and tertiary institutions receive prizes as outlined in the SBTIC rules and terms and conditions.

In 2019, the theme of the SBTIC is Machine Learning and Artificial Intelligence and the winners will be awarded and recognised for show-casing their engineering excellence, creativity and innovation.

For more information, please visit the Standard Bank Tech Impact Challenge website.