G20 TechSprint 2024 - Technology for the Planet
The 2024 edition was held jointly with the Central Bank of Brazil. It focused on developing solutions for sustainable finance to support sustainable development goals.
Updated 19 December 2024
The Central Bank of Brazil, under the G20 Presidency, and the BIS Innovation Hub, joint hosts of the G20 TechSprint 2024 competition, have announced the winners. The TechSprint hackathon seeks out best-in-class technological innovations aimed at common challenges and priorities of the global regulatory and central bank community.
This year's TechSprint, the fifth edition open to developers from around the world, focused on developing solutions for sustainable finance to support challenges related to the United Nations Sustainable Development Goals (SDGs).
Three winners emerged from a shortlist of fifteen teams, one winner for each of the three problem statements, which focused on:
- stimulating the widespread adoption and scaling of nature-based solutions;
- enhancing environmental, social and governance (ESG) data reporting; and
- accelerating progress towards SDGs.
The three winners, chosen by an independent panel of experts and unveiled during a ceremony in Brazil, were as follows:
- Team Ekonavi, from Brazil, won the category for problem statement #1, on developing nature-based technological solutions that incentivise and attract sustainable and inclusive investments targeted at biodiversity and nature preservation. Their solution tokenises data from verified ecological restoration projects into investable assets, aligning with international ESG standards.
- Team Tese, from Hong Kong and serving small and medium-sized enterprises in Africa, won the category for problem statement #2, on improving the quality, reliability and granularity of ESG data to facilitate due diligence, disclosure and management of ESG-associated risks and opportunities. They create ESG dashboards for small and medium-sized enterprises, streamlining reporting.
- Team Kaleidofin, from India, won the category for problem statement #3 on developing open source solutions to support financial decisions and capital allocation aligned with SDG goals, including preserving biodiversity, climate change, clean energy, financial education and inclusion, and poverty alleviation. Their data-driven credit health assessment product enables financing for businesses via innovative debt structures and predictive risk models, lowering costs.
The 2024 TechSprint has shown how new technologies can scale up sustainable finance solutions to address sustainable development goals. From preserving biodiversity to better managing ESG-related risks, these proposals can help build a more sustainable financial future.
The BIS Innovation Hub is proud to have partnered with Banco Central do Brasil in this year's G20 TechSprint and we extend our warmest congratulations to all the winners.