Constitution of the teams
The participating teams can be composed of 1 to 3 people. The challenge is open to students or recent graduates (graduated less than 2 years ago), from any school or university. Please note that teams can regroup (assemble) students from different schools or universities, gender and profile diversity is encouraged. by the organizers of the contest. All the information about the members who form part of each team will have to be filled out when registering in the Registration section of the website.
Phase 1: Conceptualize and then sell your project!
This step represents the opportunity to show your creativity to the jury by proposing innovative concepts. Do not limit yourself to pre-existing solutions, be disruptive ! Two documents will be expected from you at this stage: a One pager and a Business Case.
The One Pager is a short one-page summary of your Business Case. It allows you to synthesize and schematize your project. Be relevant and smart, it is necessary to strategically summarize the various key elements of your idea and your plan.
You can easily combine description, graphic, drawing and more… It is up to you to select what you believe to be most relevant. The objective is for the jury to appreciate your ability to synthesize, to force you to simplify a complex message and finally to allow you to prepare yourself for working life by requiring that you formalize your ideas as would any startup for example.
This document is essential as it will serve as a summary to the jury, so do your best !
In order to build your Business Case, an outline with all the deliverables expected by the jury is available to guide you through their writing and allow you to understand better the jury’s expectations. Certain parts have not been filled out so as to allow you to develop the themes you find relevant to your Business Case. Be creative and stand out !
Describe your Business Case as a whole without forgetting to mention any aspect: functioning, comparative advantages, examples, technical aspects, project aspects, etc. The more elaborate and coherent your project will be, the better it will be evaluated by the jury. Don’t forget that you will not be able to present the final and complete version of your project at the end of phase 1 and that the jury will only base their judgment on the written work you have handed in, , so be clear !
Phase 2 : Proof Of Concept
There are no technical constraints in terms of development. You may choose to develop your prototype from scratch or resort to an API (Application Programing Interface).
Neither are there technical constraints regarding the choice of the language or tool used. We, however, recommend that you lean towards R or Python, which are the main languages used in Data Science.
Please do not hesitate to use online developer forums They provide plenty of information and will be able to help you out if you meet a technical difficulty. You can also write your own questions, asking for help among the developer community. Mutual help between different teams is encouraged, as well, think about it during the meetings! More specifically, a meeting event will be organized the 11/22 in Sia Partners’ headquarters, at 12 rue Magellan, 75008 Paris, in view of exchanging with the organizers as well as the other participants.
A few topics ideas :
Here is a list of subjects suggested by the challenged jury. The themes will exclusively revolve around finance in general (banking, insurance, corporate finance…) :
Idée n°1 : Robo Advisory ;
Idée n°2 : Using Machine Learning to explore new investment strategies
Idée n°3 : Using Machine Learning and Natural Language Processing to produce enhanced client reporting
Idée n°4 : Fraud Detection, Anti-money laundering, Anti-terrorism etc.
Idée n°5 : Classify client profile using Machine Learning
Idée n°6 : Anticipation of the behavior of private investors on the purchases / sales large group equities
Idée n°7 : Identifying the factors explaining the variations of the financial management indicators
Idée n°8 : Prediction Model - Result, general expenses, accounting provision, RWA
Idée n°9 : Procure to pay - Interpretation of supplier invoices for automatic integration into the information system and acceleration of settlement processes
Idée n°10 : Accounting - Interco/ internal reconciliations, cash (reconciliations, suspense, lettering, ...), and recurring manual accounting entry automation
Idée n°11 : Generate a personalized weekly newsletter using machine learning – based on a selection of sources and themes (one could assess the relevance of the information, change the themes, etc.)
This list is far from being exhaustive, do not set boundaries to your creativity, be disruptive !
You will find all the resources made available to you by the organizers of the challenge on the following link.