An initiative from MCB to stimulate creativity that drives innovation.
The MCB InovApp Challenge aims to identify brilliant people and teams - including start-ups and SMEs - who can ally creativity, innovation and technology to design next-gen solutions for the Mauritian banking sector. Be part of the #InovAppChallenge – A platform of convergence for passionate geeks, lateral thinkers, troubleshooters and innovators. The ultimate aim of the competition is for each group to come up with a working prototype, helping Mauritians enjoy the many ways through which technology can make their lives easier.
There’s always a better way to do things. How would you improve the lives of Mauritians?
We want – and welcome – ideas that will improve the banking experience of Mauritians. Ideally, your working prototype should fall into one of the following categories:
Next-gen SME owners are overwhelmed and face a lack of time. They need a seamless way to make and accept payments from both customers and suppliers, as well as manage their business on the go. Currently, most of their B2B payments are done using cash and cheques.
Design a way for MCB to be a partner in their business growth, by offering seamless digital payment solutions, business insights that provide them with clarity and control (e.g. cashflow management), and become a virtual financial assistant to guide financial decisions (e.g. notifications, access to loans based on their payment flows).
Non-digital savvy customers refuse to use anything except cash because cash is also a means to exert physical control on spending, and is a tangible comfort.
How might we offer a digital payment solution that is as simple and widely accepted as cash, while providing the control and comfort that the customers expect?
Individual customers often complain about a lack of understanding, transparency, and guidance about fees and charges that are incurred on bank products and services.
How might we better inform and guide the individual customer towards choosing a banking solution that provides clear guidance on all fees, tradeoffs, and options?
Millennials on their first job want to feel powerful and in control with their first paycheck. However, they also need a seamless way to save up for their goals. They want immediate responses to their queries and need a bank that speaks their language, without all the typically financial jargon.
How might we offer a banking experience to Millennials that is simple, quick, and familiar?
When it comes to sustainability, the actions of each one of us matter. We may all - irrespective of age - have an impact on the sustainable development of the country, and it is therefore crucial to bring everyone on board.
How can technology be used so as to make sure that all citizens join the digital bandwagon, and to encourage everyone’s involvement?
It may not be the Hunger Games, but let’s face it – everyone likes to win.
Put on your thinking hat, get creative, and you could score some more hot prizes throughout the event. Someone else got their eye on them too!
Teams may also potentially have the opportunity of collaborating with MCB.
Chief Operating Officer, MCB Ltd
Head of IT, MCB Ltd
Senior Front-end Developer, LSL Digital
Cloud Unit Leader, Central and West Africa, IBM
To bring your ideas to life, here's our selection of APIs you can use in your prototypes.
Customer API allows authenticated users to get customer profile data to enhance engagement levels where KYC check is also available.
Accounts API allow you to access key account data, enhance your financial management services and also have the ability to create a new account.
Loan API enables consensual access to customers’ pre-approved loans status, types of loans and details.
Card API allows you to apply for credit card and also have details of existing cards for a specific customer.
Payment API allows third party apps to offer money transfer services to pre-authorized users.
Customer Services API provides details on standing order and direct debit for a specific customer as well as creating new standing order and direct debit.
Details on products offered by the bank including cards, loans, accounts product.
Public information API available on the Bank such as branches and ATMs including geolocation and opening hours.
Seats are limited and will be allocated on a first come, first served basis. Registration thus does not guarantee participation.
09.00 - 10.00
10.00 - 10.30
10.30 - 12.00
12.00 - 13.00
15.30 - 16.00
16.00 - 18.00
19.00 - 20.30
23.30 - 00.00
06.00 - 07.30
08.00 - 10.00
10.00 - 10.30
12.00 - 14.00
12.30 - 14.00
Your IP and idea is yours, and will remain yours. If your submitted prototype is a suitable response to one of our challenges, we will discuss with you on terms that both parties agree to. Any new IP, including software or applications you develop during the challenge shall be owned exclusively by you and your team.
Should we be interested in implementing any of the prototype submitted during the challenge, you agree to give us the right of first offer to enter into good faith negotiations for the acquisition of your IPR.
No. The event is free.
Unfortunately, not at this stage.
Yes! Expect snacks, drinks, and caffeine!
Each team can have a maximum of 5 members.
Your laptop, charger, and any other tools you may need for the actual challenge… and, for the sake of comfort: comfy clothes and anything else you may need for a 24-hour challenge.
We’ll be there along the way to support all the teams with any challenges they may face.
Entrepreneurs, designers and anyone with bright ideas and energy is most welcome, but each team requires at least one developer.
Perfect! Come and have a great first experience!
No, you may leave as you wish, as long as there are at least 2 team members on site, at any one time.
You may use APIs available online or you may create a test API and stub it at your end for use in your solution.
A working prototype which provides solutions to the challenges.
Seats are limited and will be allocated on a first come, first served basis to eligible teams. Final teams will be contacted and announced 1 week prior to the event.
None. You may use the language you are most comfortable with.