UmojaHack Africa 2021 #3: Financial Resilience Challenge (BEGINNER) by UmojaHack Africa
$3,000 USD
Can you determine if an individual is financially resilient?
729 data scientists enrolled, 463 on the leaderboard
Financial ServicesPredictionStructuredSDG8
Africa
27 March—28 March
30 hours

This is a private hackathon open to undergraduate and postgraduate students from African universities; see the full list of universities and university representatives here. If your university is participating you can reach out to them from 22 March for the secret code.

Find all the updates on UmojaHack here.

How to prepare for UmojaHack

  1. Add your university to your profile. Watch this YouTube video.
  2. Practice on a challenge and make your first Zindi submission. Watch this YouTube video.
  3. Make a team in preparation for UmojaHack. Watch this YouTube video.

This world is full of uncertainty. Financial resilience is the ability to withstand and recover from temporary, unexpected life events that can cause financial hardship. These events can include unemployment, divorce, disability, and health problems.

As we move into the second year of the global pandemic, resilience matters now more than ever.

This challenge asks you to build a machine learning model to predict which individuals across Africa and around the world are most likely to be financially resilient or not.

This solution will provide insight into people’s financial behaviors and resilience, which can help financial services providers including insurance companies and banks tailor their services to give their clients the best chance possible to achieve financial resilience.

About Microsoft (microsoft.com)

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Microsoft has operated in Africa for more than 25 years. In that time they have built strong partnerships across the continent, helped bridge gaps in infrastructure, connectivity and capability, and are working to empower countries in Africa to digitally transform while creating sustained societal impact. Earlier this year, Microsoft opened Africa’s first hyper-scale data centers in Johannesburg and Cape Town, South Africa. Most recently, the company also announced the opening of two Africa Development Centers in Nairobi and Lagos, where world class African talent can create innovative solutions for local and global impact.

About Standard Bank (standardbank.com)

Standard Bank Group is a financial institution that offers banking and financial services to individuals, businesses, institutions and corporations in Africa and abroad. All Standard Bank products and services are based on a set of values that uphold the empowerment of their customers. Both internally, and in daily engagement with their clients we foster transparency, innovation, accountability and superior service.

About InstaDeep (instadeep.com)

InstaDeep delivers AI-powered decision-making systems for the Enterprise. With expertise in both machine intelligence research and concrete business deployments, we provide a competitive advantage to our customers in an AI-first world. As one of the leading AI companies in Africa, InstaDeep knows first-hand what African talent is truly capable of.

InstaDeep has more than 120 employees spread across its headquarters in London, and offices in Paris, Tunis, Dubai, Lagos and Cape Town. In addition to its connections to African educational institutions, the company also possesses strong ties to elite French schools and top rated universities in the UK. To apply: instadeep.bamboohr.com/jobs and hello@instadeep.com.