25th February 2024 11:28 am
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SA team takes second place at London hackthon

Fiver coders from Cape Town beat out eight other teams to take second place at the SunGard Coder Cup in London this week.

Teams had 48 hours to use big data technology to create new compliance solutions for financial services firms. A team from Birmingham in the US walked away with as the overall winner for its advanced financial compliance and regulation application that uses Artificial Intelligence to predict and potentially prevent fraud.

Team South Africa created a tool to support compliance officers by easily identifying potential non-compliant trades through advanced visualization. The tool also allows for dynamic learning by creating patterns as the compliance officer indicates which trades are good or otherwise. The system is then able to apply these distinctions to new trades, thus flagging new potentially problematic trades even more quickly.

The Kari Ra team from Christchurch, New Zealand was awarded third place for its application created to investigate various people and organizations and assess suitability for business.

“Our codeathons are an illustration of our commitment to invest in the core research and development of our technology, bringing talent from across the organization together to explore new creative solutions that have the potential to benefit our financial services customers” said Steven Silberstein, SunGard’s chief technology officer.

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