BC Card Hosts Financial Big Data Contest... "Grand Prize 5 Million Won"

Open Call Until the 20th of Next Month
Final Announcement on October 30 After Document and PT Review
Utilizing Provided Data Such as Card Sales
Discovering Prediction Models for Corporate Investment Attractiveness, Real Estate Prices, and Gentrification

[Asia Economy Reporter Ki Ha-young] BC Card announced on the 25th that it will hold the '2020 Financial Big Data Challenge' contest to discover predictive models for future growth potential of companies and local commercial districts using consumer data.

This contest is co-hosted with the 'Innovation Academy,' a software talent development institution supported by the Ministry of Science and ICT (hereinafter referred to as MSIT), and applications will be accepted until the 20th of next month. After the first round of document screening and the second round of presentation evaluation, the final results will be announced on October 30.

Participants will be provided with data for the contest from the 'Financial Big Data Platform' operated by BC Card, selected by MSIT and the National Information Society Agency, including card sales (BC Card), apartment prices (Giwoong Information & Communication), real estate (Korea Association of Property Appraisers), popular restaurants (MangoPlate), and floating population (KT). Using this data, participants can submit results predicting ▲manufacturing companies' investment attractiveness (stock price) ▲real estate prices ▲gentrification (commercial district displacement) through the Financial Big Data Platform.

Anyone with ideas for utilizing financial big data can participate individually or in teams of up to three members. BC Card will award a total of 10 million KRW in prizes based on creativity, business potential, and completeness: Grand Prize (1 team, 5 million KRW), Excellence Award (1 team, 3 million KRW), Merit Award (1 team, 1 million KRW), and Special Award (1 youth team, 1 million KRW). The grand prize winner will also be granted eligibility to participate in the upcoming 'Platform Integrated Big Data Contest' hosted by MSIT.

Park Sang-beom, Head of BC Card's Financial Platform Division (Executive Director), said, "Through this big data contest, we will support the discovery of innovative services utilizing various data within the Financial Big Data Platform and help create tangible social value."

This content was produced with the assistance of AI translation services.