Competition Rules

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All submissions to the FinTech Hackathon remain the intellectual property of the individuals or organizations that developed them. By registering, consenting to the terms of the Hackathon, and entering a Submission, however, the Participant agrees that the organizers and technology partners reserve an irrevocable, non-exclusive, royalty-free license to use, distribute to the public, and publicly display and perform a Submission for a period of one year starting on the date of the announcement of contest winners as an example of work. We encourage participants to open source their projects to both share their hacks with the greater community and promote innovation in this space.


By submitting a FinTech Hackathon Entry or accepting any prize, you represent and warrant the following: (a) you will not submit content that is copyrighted, protected by trade secret or otherwise subject to third party intellectual property rights or other proprietary rights, including privacy and publicity rights, unless you are the owner of such rights or have permission from their rightful owner to post the content and to grant FinTech Hackathon all of the rights granted herein; (b) you will not publish falsehoods or misrepresentations that could damage FinTech Hackathon, Sponsors, or any third party; (c) you will not submit content that is unlawful, obscene, defamatory, libelous, threatening, pornographic, harassing, hateful, racially or ethnically offensive, or encourages conduct that would be considered a criminal offense, give rise to civil liability, violate any law, or is otherwise inappropriate or destructive to FinTech Hackathon’s or Sponsors’ brand image or goodwill; (d) you will not post advertisements or solicitations of business; (e) FinTech Hackathon will not be obligated to pay any compensation to, or permit any participation by, any third party in connection with the use, reproduction, modification, publication, display or other exploitation of any of the content that you submit; and (f) the content submitted by you does not contain any viruses, Trojan horses, worms or other disabling devices or harmful code.

By posting or submitting a FinTech Hackathon Entry to the Contest (regardless of the form or medium of such content), you hereby grant FinTech Hackathon, Sponsors, their respective affiliates, and their affiliates’ agents and third party contractors, without additional consideration, a worldwide, perpetual, irrevocable, non-exclusive right and license, with the right to sublicense, to discuss, publicize, market and otherwise display content derived from or relating to the FinTech Hackathon Entry (“Marketing Content”), and to distribute and use such Marketing Content for promotional and marketing purposes (either in the form submitted or in the form of a derivative or adapted work). You understand that you will not receive any compensation or credit for use of your FinTech Hackathon Entry, other than what is described in these Official Contest Rules.


Participant represents and warrants that he or she is the sole author and copyright owner of the Submission, and that the Submission is an original work of the Participant, or if the Submission is a work based on an existing application, that the Participant has acquired sufficient rights to use and to authorize others, including the FinTech Hackathon, to use the Submission, as specified in the “Intellectual Property Rights” section of the Rules; and that the Submission does not infringe upon any copyright or upon any other third party rights of which the Participant is aware, and that the Submission is free of malware.


Winners will be judged based on the following criteria:

  1. Quality and innovative nature of the design
  2. Utility of the product
  3. Compelling use of the Technology Partners products
  4. Solution architecture and technical design

Special consideration will be given to entries based on the following criteria:

  1. Degree to which the process of development was collaborative (i.e. did you work with the mentors to improve your solution?)


FinTech Hackathon organizers will have the right at their sole discretion to determine whether an entrant is eligible for the Contest. FinTech Hackathon may disqualify, at organizers’ sole discretion, FinTech Hackathon entries (including, without limitation, content submitted in connection therewith) that (a) are in violation of third party rights or law or regulation, (b) use inappropriate or explicit language or images, or display content that FinTech Hackathon or Sponsors otherwise finds objectionable or inconsistent with FinTech Hackathon’s or Sponsors’ brand image or goodwill.

FinTech Hackathon can accept only those FinTech Hackathon Entries that are completed and submitted as described above and that conform to any technical requirements specified as part of the entry process. FinTech Hackathon entries that do not comply with the provisions of these Official Contest Rules will be deemed ineligible and will not be considered.


The Contest winners will be selected by a panel of judges (“Judges”).

By submitting any FinTech Hackathon Entry, entrants release FinTech Hackathon, Sponsors, their respective subsidiaries, affiliates, directors, officers, employees, representatives, agents, and advisors from any and all liability for any claims, costs, injuries, losses, or damages of any kind arising out of or in connection with the decisions of the Judges.

FinTech Hackathon main Sponsor (Banca Transilvania) will have the right to select and propose at least 3 (and a maximum of 6) of the winning Submissions for entering a tech startup incubator program provided by Winners may attend the program free of charge and upon finishing the program and no later than 1 month, entrants/participants will need to sustain a new pitch and present their MVP to the FinTech Hackathon main Sponsor, for an eventually exclusive collaboration partnership at the sole discretion of the main Sponsor. By submitting a FinTech Hackthon Entry to the Contest the Participant agrees with these terms.


Contest prizes are non-transferable by the winner. If you accept a prize, you will be solely responsible for all applicable taxes related to accepting such prize. Payment will be made within 30 days of announcing the winners in the form of a software development service contract with Tech Source Consulting SRL and the winning teams. You must have a PFA or SRL to receive the payment. If you do not have a PFA or SRL, we will assist you in creating your business entity.


The incubation program includes three sessions consisting of 3-hours for mentoring at headquarters in Bucharest with the 1st, 2nd, and 3rd place team winners on Friday, August 16, August 30, and September 27. After October 1st, we will accompany the team to Banca Transilvania to present their final solution. In these 2 months (August and September) we will also provide mentoring by email / phone as necessary while the teams work on further developing their solution.


By entering this Contest, you agree to be bound by these Official Contest Rules. The Official Contest Rules will be posted at To the maximum extent permitted by law, FinTech Hackathon reserves the right to change these Official Contest Rules at any time. You further agree to be bound by the decisions of FinTech Hackathon and the judges, which shall be final and binding in all respects. FinTech Hackathon reserves the right, at its sole discretion, to disqualify any individual that tampers or attempts to tamper with the FinTech Hackathon Entry process or the operation of the Contest or web site; violates the Official Contest Rules; or acts in an unsportsmanlike or disruptive manner, or with intent to annoy, abuse, threaten or harass any other person.

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