How can consumers discover new fintech products while preserving privacy and limiting unnecessary data sharing?
Who will this challenge benefit?
Consumers seeking new fintech products.
With the growth of fintech and the proliferation of new financial products, consumers are now presented with countless choices as to which products best suit their needs. However, the proliferation of financial products doesn’t need to result in a proliferation of consumer data.
Imagine being able to compare fintech products without having to reveal your identity or compromise your most private data. What if you could apply for a credit card, home loan, insurance policy, etc. while preserving your privacy, only revealing your information if you choose to do business with a company? Meanwhile, fintech companies can provide services while staying fully compliant with privacy laws.
If you have any questions about the VGS Privacy Preserving Fintech Marketplace Challenge contact email@example.com
Here are the steps you should take to join Very Good Security's (VGS) Privacy Preserving Fintech Marketplace Challenge:
The Galileo Innovation Award will be given to the team that demonstrates the most innovative use of the Galileo Instant API to build digital banking functionality into their project. A project does not have to address one of the challenges issued by Galileo to be eligible for the Galileo Innovation Award; projects may address any challenge as long as Galileo Instant is incorporated.
Additional details about the Galileo Innovation Award and access to the API are available on in the Resources section.
The winner of the Galileo Innovation Award will receive $2,000 and a meeting with Galileo CTO Jeff Currier and CEO Clay Wilkes.