Financial Literacy &
Fraud Awareness Challenge

Develop an interactive tool to educate users on personal finance and protect against financial fraud

The Critical Problem We're Solving

Financial Literacy Gap

Many individuals lack understanding of core personal finance concepts like budgeting, saving, investing, and tax planning, leading to poor financial decisions and increased debt.

Growing Fraud Threats

Digital financial platforms have made consumers more vulnerable to sophisticated fraud schemes that can devastate personal finances.

Common Financial Frauds to Address

  • Ponzi schemes
  • Pyramid schemes
  • Identity theft
  • Credit card fraud
  • Phishing scams
  • Investment fraud
  • Mortgage fraud
  • Tax scams
  • Lottery/sweepstakes fraud
  • Charity scams
  • Debt relief scams
  • Fake check scams
  • Online banking fraud
  • Employment fraud
  • Student loan scams

Our Solution Approach

1

Financial Education

Improve users' understanding of personal finance for better decision-making

2

Fraud Prevention

Increase awareness and preparedness against financial fraud and cyber threats

3

Engaging Learning

Offer personalized, accessible experiences tailored to diverse needs

4

Long-term Resilience

Build financial confidence and digital resilience among users

Expected App Features

Interactive Tutorials

Budgeting, saving, tax planning, and investment strategies

Fraud Awareness

Phishing, OTP fraud, social engineering simulations

Knowledge Assessments

Quiz-based learning with instant feedback

Personalized Tips

Customized advice based on age, income, and goals

Financial Calculators

Interactive tools for planning and simulation

Goal Tracking

Set and monitor short & long-term financial objectives

Multilingual Support

English, Hindi, Punjabi and other regional languages

Data Protection

Lessons on safeguarding personal information

Evaluation Criteria

Innovation

Use of gamification, personalization, and fraud simulation techniques

Technical Feasibility

Quality of working prototype and real-time alert systems

Business Potential

Commercial viability and user acquisition potential

Scalability

Expandability to different user groups and API integration

User Experience

Ease of use, visual appeal, and engagement factor

Multilingual Support

Implementation of English/Hindi/Punjabi and other regional languages

Hackathon Timeline

Phase 1

  • Registration: June 5-15, 2025
  • Idea Submission: June 20-27, 2025
  • Shortlisting: June 28-30, 2025
  • Results Announced: July 1, 2025

Phase 2

  • Final Submission: August 15, 2025
  • Final Event: To be announced

Team Size: 4 members per team

Awards & Prizes

🥇

1st Prize

₹5,00,000

🥈

2nd Prize

₹3,00,000

🥉

3rd Prize

₹2,00,000

🎖️

Certificates

For all shortlisted teams

Ready to Make an Impact?

Join us in creating innovative solutions to enhance financial literacy and combat fraud. Whether you're a developer, designer, financial expert, or educator, we need your skills!

Team size: 4 members