This is the actual vision of the challenge as quoted by Citi. “The Citi Mobile Challenge U.S. is a virtual competition hosted by Citi that is designed to accelerate digital banking innovation by bringing together the most talented and creative developers and designers in the world to create cutting-edge applications for Citi’s Digital Banking Platforms”
This competition is held under 2 major categories with total prize money of 100K USD. More details here
1. Mobile Challenge – 50K USD
2. IoT Challenge – 50K USD.
I registered myself and submitted my entry under the Mobile Challenge. The shortlisted proposals will get a copy of API tool kit from city to use in the actual demo. My proposal was to leverage existing banking transactions, use Machine learning and provide more targeted and personalised retail banking services.
As the competition is still open I cannot share my proposal now. After November 20th win or lose I will share my proposal.