The South African Reserve Bank (SARB), in collaboration with the Bank for International Settlements (BIS), has announced the winners of the 2025 G20 TechSprint challenge on trust and integrity in scalable and open finance, hosted under South Africa’s G20 Presidency. The initiative aimed to surface technology-driven solutions that strengthen trust, integrity and inclusion in the global financial system. Launched in May 2025 as a joint initiative of the G20 Presidency and the BIS Innovation Hub, the TechSprint invited global participants to respond to three problem statements co-developed by SARB and the BIS Innovation Hub: digital identity solutions using verifiable and privacy-preserving technologies; credit data portability to improve small and medium-sized enterprises’ access to finance via secure, consumer-consented data exchange; and fraud and cyber-risk mitigation in fast payment systems. More than 165 entries were submitted from over 30 countries and jurisdictions, with winners selected following an in-person judging session in Pretoria: Ownapay SA (Proprietary) Limited (South Africa) for digital identity, Silence Laboratories Pte. Ltd. (Singapore) for credit data portability, and FNA and Proto (United Kingdom) for fraud and cyber-risk mitigation in fast payments.
South African Reserve Bank 2025-11-11
South African Reserve Bank and Bank for International Settlements announce winners of the 2025 G20 TechSprint on trust and integrity in scalable and open finance
The South African Reserve Bank and the Bank for International Settlements announced the 2025 G20 TechSprint winners, focusing on trust and integrity in scalable, open finance. Launched under South Africa’s G20 Presidency, the initiative sought tech solutions for digital identity, credit data portability, and fraud and cyber-risk mitigation. Winners include Ownapay SA for digital identity, Silence Laboratories for credit data portability, and FNA and Proto for fraud and cyber-risk mitigation.