U.S.-banking group Citi has announced the Citi Tech for Integrity Challenge, a contest to encourage technology innovators to create cutting-edge solutions.
The initiative, led by Citi in collaboration with public and private sector allies, will provide public sector entities with access to tech innovators and their ideas on how to increase transparency and efficiency.
The Citi Tech for Integrity Challenge (T4I) will also provide the support and infrastructure that tech innovators need to tailor new technology solutions for this market.
Innovation in a Number of Areas
T4I is structured as a global open innovation competition, where companies of any type or size can submit technology solutions.
The challenge will seek to source innovation in a number of areas, including government transactions and procurement; culture, ethics and citizen engagement; cutting red tape; and information security and identity.
Singapore To Host
Due to the open nature of the competition, award recipients from the Demo Days will have the opportunity to work with any business, organization or government interested in exploring innovative integrity tools.
Finalists will showcase their solutions at one of six Demo Days in cities around the world, including Singapore.
Providing Tools They Need
«By supporting open innovation and providing innovators with the tools they need to develop ideas, we hope to help solve some of the biggest challenges that the public sector faces,» said Julie Monaco, Global Head of the Public Sector Group in Citi’s Corporate and Investment Banking division.
Citi’s T4I allies include countries and other public and private sector entities looking to bring outside innovation inside their organizations. T4I strategic allies include Clifford Chance, Facebook, IBM, Let’s Talk Payments, Mastercard, Microsoft and PwC.
