Santander Digital Trust Hackathon

Memo

To achieve this goal, Santander is calling on developers, fintech experts, data scientists, and digital trust/identity experts to join its internal teams to collaborate and create powerful products that support privacy, protect data, and help individuals and businesses prosper. To support the development of your solution, you'll gain access to: Santander's Open Banking API SandboxThe identify API allows you to retrieve basic data for authenticated Santander Labs customers (both physical or business customers).CSV files with anonymised customer data.Plaid API (tech partner)Plaid's API allows end-users to build the future of financial services. 4 CHALLENGES: Challenge 1: Verifying Identity At the customer's request, the bank confirms the client's name and other basic identifying information Challenge 2: Verifying AuthorityAt the customer's request, the bank confirms the individual's authority to act on behalf of another entity or individual.- This person is the CFO of company x.- They have the authority to open accounts.- This person can sign legal agreements on behalf of organization y.- This person really works in the call center for the company z.- This person really is in accounts receivable for company xyz and that really is their wire instructions. Challenge 3: Validating InformationAt the customer's request, the bank shares and confirms extensive amounts of information.For example, a customer applying for a car loan with a different entity might ask their primary bank to share detailed information. This prevents data loss and increases confidence for the new loan originator. Challenge 4: Sharing Summary FactsAt the customer's request, the bank shares summary facts without disclosing private data. For example, this person is old enough to buy alcohol - but the date of birth will not be disclosed. Prize pool: £11,000First place - £8K | Second place - £2K | Third place - £1K Price:General Admission: GBP 0.0 Date and Time: On Saturday March 21, 2020 at 8:30 am (ends Sunday March 22, 2020 at 5:00 pm) Venue Details: WeWork Aviation House, 125 Kingsway, London, England, WC2B 6NH, United Kingdom