Temenos

Tem-(E)-Thon

1902 Registered Allowed team size: 3
1902 Registered Allowed team size: 3
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Idea Phase
Online
starts on:
Nov 05, 2024, 12:30 PM UTC (UTC)
ends on:
Dec 08, 2024, 06:29 PM UTC (UTC)
Prototype Phase
Chennai
starts on:
Jan 07, 2025, 04:30 AM UTC (UTC)
ends on:
Jan 08, 2025, 11:30 AM UTC (UTC)
About Rules Teams FAQs About Temenos Discussion

Overview

Tem-(E)-thon by Temenos is an CSR initiative designed to drive innovation in creating sustainable practices in Environment & society and in the fintech space. Recognizing India's potential as a talent hub, Temenos launches Tem-(E)-thon as part of our Youth Skill Development program to harness the creativity and technical prowess of engineering graduates, positioning Temenos as a leader in fostering next-generation innovators.

WHO IS IT FOR?

The hackathon is open pan India to all engineering universities and colleges. Participants will form teams of 3 members, encouraging collaboration and diverse skill sets from each College.

TEMENOS TECH COUNCIL

  1. LIVE Webinar:Temenos industry experts will host a Live webinar with Q&A to provide insights into the challenge themes, guiding participants on scope and expectations.
  2. Mentorship:Temenos Team will be providing first hand mentorship to the participants through out the event offering continuous technical support
  3. Judging:The finalist teams will present and showcase their prototypes on stage in front of Industry experts -Temenos Leadership Team who will judge and Evaluate the winners

Themes

Environment and sustainability

Problem statement 1: Waste management optimization

Overview: Waste management in urban areas poses significant challenges, including inefficient waste collection, lack of segregation, and low recycling rates. The goal is to develop a solution that optimizes the entire waste management process, from segregation to disposal, using smart technologies.

Tech stack: Open to all

Task: Develop a smart waste management system that includes:

  1. IoT-enabled waste bins for automatic segregation and real-time fill-level monitoring.
  2. A mobile or web application for residents to track waste collection schedules and find recycling centers.
  3. Data analytics to optimize waste collection routes and schedules.
  4. A user interface for municipal authorities to monitor and manage the entire waste management process.

Resources

Problem statement 2: Water conservation and management

Overview: Water scarcity is a growing concern worldwide. Efficient water management systems can significantly reduce water wastage and ensure sustainable usage. The objective is to create a smart system for monitoring and controlling water usage in buildings.

Tech stack: Open to all

Task: Develop a smart water management system that includes:

  1. IoT sensors to monitor water flow, detect leaks, and measure usage in real-time.
  2. An application to provide users with detailed water usage statistics and conservation tips.
  3. Predictive analytics to forecast water demand and identify patterns of wastage.
  4. Integration with existing building management systems for automated control.

Resources

Climate change

Problem statement 1: Carbon footprint tracker

Overview: Individuals and businesses contribute significantly to carbon emissions. Tracking and reducing these emissions is crucial in combating climate change. Design a user-friendly application that tracks carbon footprint and suggests reduction strategies.

Tech stack: Open to all

Task: Create a carbon footprint tracker that includes:

  1. A user-friendly interface to input daily activities and calculate associated carbon emissions.
  2. Integration automatically fetches data from smart devices and services.
  3. Personalized recommendations to reduce carbon footprint based on user data.
  4. Social sharing features to promote community engagement and awareness.

Resources

Problem Statement 2: Climate Resilience Planning Tool

Overview: Cities need to prepare for the impacts of climate change, such as floods, heatwaves, and sea-level rise. The goal is to develop a tool that helps cities assess their vulnerabilities and plan for resilience.

Tech stack: Open to all

Task: Develop a climate resilience planning tool that includes:

  1. A data aggregation system to collect climate and infrastructure data.
  2. Analytical models to assess vulnerability to various climate impacts.
  3. An interface to visualize risk areas and plan infrastructure improvements.
  4. Recommendations for emergency preparedness and community engagement.

Resources:

ESG & CSR (Environmental, Social, and Governance & Corporate Social Responsibility)

Problem Statement 1: ESG Performance Dashboard

Overview: Companies need to track and report their ESG performance to meet regulatory requirements and stakeholder expectations. The objective is to create an interactive dashboard that visualizes key ESG metrics and benchmarks them against industry standards.

Tech stack: Open to all

Task: Create an ESG performance dashboard that includes:

  1. Data collection mechanisms to gather ESG metrics from various sources.
  2. Interactive visualizations to display ESG performance over time.
  3. Benchmarking features to compare performance against industry peers.
  4. Reporting tools to generate ESG reports for stakeholders.

Resources:

Problem Statement 2: CSR Impact Measurement Tool

Overview: Measuring the impact of CSR initiatives is essential for companies to understand their social contributions and make informed decisions. The goal is to develop a tool that tracks and analyzes the outcomes of various CSR projects.

Tech stack: Open to all

Task: Develop a CSR impact measurement tool that includes:

  1. Data entry modules to input details of CSR projects and initiatives.
  2. Analytical models to assess the impact of these initiatives.
  3. Visualization tools to present the impact in a clear and engaging manner.
  4. Reporting features to share insights with stakeholders.

Resources:

Sustainable Development Goals (17 SDGs)

Problem Statement 1: Affordable and Clean Energy Solutions

Overview: Access to affordable and clean energy is critical for sustainable development. The aim is to innovate a solution that provides renewable energy to underserved regions.

Tech stack: Open to all

Task: Develop a solution for providing affordable and clean energy that includes:

  1. Renewable energy generation systems (e.g., solar panels, wind turbines).
  2. Energy storage solutions to ensure a stable supply.
  3. Distribution mechanisms to deliver energy to remote areas.
  4. Maintenance and monitoring systems to ensure reliability.

Resources:

Problem Statement 2: Industry, Innovation, and Infrastructure

Overview: Sustainable industrial growth and infrastructure are key to achieving many of the SDGs. The goal is to design a platform that fosters innovation and collaboration among industries to promote sustainable practices.

Tech stack: Open to all

Task: Create a platform for sustainable industry innovation that includes:

  1. A collaboration space for businesses, researchers, and policymakers.
  2. Tools for sharing best practices, technologies, and resources.
  3. Analytical tools to assess the sustainability impact of industrial practices.
  4. Mechanisms for funding and supporting innovative projects.

Resources:

Fintech

Problem Statement 1: Ethical Use of AI in Banking

Objective
Develop ethical AI systems in banking, particularly for key areas like credit scoring, fraud detection, and personalized financial services, ensuring fairness and mitigating discrepancies among customers.

Description
The aim is to build a solution that enhances transparency, addresses biases, and ensures AI-driven decisions are ethical and inclusive. Achieving this will promote fairness in banking services, foster customer trust, and improve financial well-being for all.

Tasks

  1. Bias Detection & Mitigation: Design a tool that detects, measures, and reduces biases in AI systems, providing actionable solutions to ensure fairness.
  2. Explainable AI: Develop an AI model that offers clear, transparent justifications for every decision, allowing customers to understand the rationale and raise concerns about fairness.
  3. Personalized Financial Advice: Create a platform that delivers tailored financial recommendations, prioritizing the customers’ best interests.

Resources

  • Use any code development tool of your choice.

Problem Statement 2: Combining DeFi (Decentralized Finance) with CBDCs (Central Bank Digital Currencies): Control, Monitoring, and Compliance.

Task

  1. Investigate the feasibility and challenges of integrating both (decentralized nature of DeFi with the centralized, government-backed control of CBDCs.)
  2. The focus is on how to ensure effective monitoring, regulatory compliance, and transaction traceability while retaining key benefits from both systems.

Description

  • The integration of DeFi and CBDCs presents a significant opportunity but also introduces complex challenges around control, monitoring, and compliance.
  • DeFi is built around decentralization, allowing users to engage in financial activities such as lending, borrowing, and trading without intermediaries or central oversight. It is autonomous, open, and permissionless, which makes monitoring or enforcing regulatory compliance difficult.
  • CBDCs, on the other hand, are centralized, government-issued digital currencies that allow central banks to trace and monitor every transaction, ensuring regulatory oversight, security, and compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements.

The main challenge arises in reconciling these two vastly different systems. CBDCs’ centralized control offers regulatory benefits like transaction monitoring and intervention, but this contradicts DeFi’s ethos of decentralization and autonomy. Thus, a hybrid system would need to answer several key questions:

  1. Who would control or monitor transactions in such a system?
  2. How could privacy concerns in DeFi be balanced with the need for traceability in CBDCs?
  3. How can regulatory compliance be enforced without undermining the decentralization principles of DeFi?
  4. What technical mechanisms can be developed to allow CBDCs to operate in DeFi while maintaining their regulatory properties?

A solution must balance the traceability and regulatory control of CBDCs with the decentralized, automated, and permissionless nature of DeFi. Possible approaches could include implementing compliance layers, programmable CBDCs with built-in monitoring capabilities, or hybrid governance models that allow for oversight without undermining the decentralized aspects of DeFi.

Resources 

  • Design an integrated model for both DeFi and CDBC
  • Consider all the Regulatory frameworks for AML/KYC in digital currencies.
  • Use any code development tool of your choice.

Problem Statement 3: Data Security in Digital wallet (Fin Tech)

Task

  1. Design and develop a wallet system.
  2. Secure the wallet from cyber-attacks.
  3. Design cyber-attacks on digital wallets and secure it from each attack.
  4. Try to implement an new authentication system other than OTP, Captcha , email OTP, 2FA.

Description

In today's fast-paced financial landscape, the demand for faster payment systems is more critical than ever. Digital wallets have emerged as a highly promising solution, especially with the growing popularity of cryptocurrency trading. As more traders and consumers turn to digital wallets for their transactions, the need for a secure and efficient platform becomes paramount.

Resources 

Prizes

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Main Prizes
1st Place - 15 inch Apple Macbook Air M3
2nd Place – 13 Inch Apple Macbook Air M2
3rd Place – Apple Ipad Air (128GB)
Special Prizes
Category Prizes - Bose SoundLink
starts on:
Nov 05, 2024, 12:30 PM UTC (UTC)
closes on:
Dec 08, 2024, 06:29 PM UTC (UTC)
REGISTER NOW

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Help & Support

Please contact event admin
Gideon at gideon@temenos.com
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