The Innovate.DTCC AI Hackathon, in partnership with FINOS and Broadridge, has officially concluded, and the results are in! Over the past week, top innovators from across finance, technology, and academia came together to build AI-powered solutions that will help shape the future of capital markets. Let’s recap the journey:
Kick-off (Feb 3)
The hackathon launched with opening remarks from Johnna Powell (DTCC), Vijay Mayadas (Broadridge), and Olivier Poupeney (FINOS), setting the stage for collaboration. Teams from 50+ organizations selected use cases focused on predictive analytics, risk mitigation, and automation—all with the goal of driving real-world impact in financial markets.
Day 2-3 (Feb 4-5)
With development fully underway, teams leveraged DTCC’s AI Sandbox and FINOS GitHub to build and refine their solutions. Check-ins and expert mentorship helped shape innovative strategies, ensuring each project had the potential to make a lasting industry impact.
Day 4 (Feb 6)
The competition heated up as teams polished their AI models and prepared for submission. The final presentation invites were sent out, and teams worked tirelessly to optimize their code, validate their solutions, and prepare compelling demonstrations for the judges.
Final Day (Feb 7) – Presentations & Demos
This was the moment of truth! Each team had 15 minutes to showcase their AI solutions to a panel of expert judges. The evaluation focused on:
✅ Technical Innovation & Originality
✅ Impact on Financial Markets
✅ Presentation & Clarity
✅ Industry Collaboration & Scalability
The results? Nothing short of spectacular! The creativity, technical execution, and potential industry impact were beyond impressive.
🏆 And the Winners Are! (Feb 10)
🥇 Grand Prize ($100K) – CIBC - Reg Central team: Automated Regulatory Change Management Solution
🥈 Silver Award ($75K) – The Depository Trust & Clearing Corporation (DTCC), Standard Chartered, Codincity and DevRel Talent - Cyber Third Eye team: Third-Party Cybersecurity Risk Scoring Platform
🥉 Bronze Award ($40K) – Deutsche Bank - Xypher team: AI-Powered Trade Settlement System
🏫 Best Academic Team ($40K) – Duke University - Cipher Sentinel team: AI-Powered Anti Money Laundering for Digital Wallets
🏅 Vendor/Software Provider Overall Award: Accenture: Automated Regulatory Compliance
Read more about the solutions showcased in Johnna Powell’s LinkedIn article here.
All winning teams will receive funding through FINOS to further develop their open source AI solutions, ensuring that the innovations created during this hackathon continue to evolve and drive industry-wide transformation.
A massive congratulations to all participants, mentors, and judges who made this event a success! This isn’t just the end of a hackathon—it’s the beginning of the next wave of AI-driven financial innovation. 🚀
Join us in London or virtually for an AI readiness SIG meetup / working session on February 18th to review the AI Governance Framework Feedback and focus on the AI Governance Framework Roadmap.
Authors: Luca Borella, Karl Moll
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