The objective of this competition is to create a machine learning model to detect fraudulent transactions.
Fraud detection is an important application of machine learning in the financial services sector. This solution will help Xente provide improved and safer service to its customers.
This competition is sponsored by Xente, Innovation Village, and insight2impact.
About Xente (www.xente.co)
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), 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 Innovation Village (www.innovationvillage.co.ug):
The Innovation Village is Uganda’s launchpad for leading Innovators and entrepreneurs. We are building an entire ecosystem of entrepreneurs and innovators in what is growing to become a business solutions provider for our biggest challenges or opportunities. From helping entrepreneurs launch and grow high-impact ventures to attracting regional and global opportunities, our ecosystem approach converges multiple partners including public, private, academia, research and civil society as one force for good.
Our overall goal is to create a destination that grows companies that matter (Startups, SMEs and Purpose-Driven Enterprises) and centered around solving our biggest industry and community challenges. Collectively, we are a convergence of Network, Talent, Capital and Physical Assets leading Uganda and the region into the 4th Industrial revolution.
About insight2impact (i2ifacility.org):
insight2impact (i2i) is a resource centre supporting the use of data for decision-making, with a focus on financial and economic inclusion. i2i is hosted by FinMark Trust and Cenfri and funded by the Gates Foundation in partnership with The Mastercard Foundation.