Considition 2024
Considition 2024 is focus on the finance and loan market. The competing teams will take on the role of IKANO Bank and create an algorithm to enable automatic loan application assessment. The competition consists of several stages, each with increasing challenges, such as high-risk customers where the bank faces the risk of losing money in the short term, a healthy economy, or similar scenarios.
By testing the algorithm rigorously throughout the competition period, the goal is to find a model that uses AI and Machine Learning to evaluate financing and loans to maximize sustainable impact on three levels: ecological, social, and economic. The premise is to optimize financial decisions through AI and ML while maximizing sustainable solutions based on IKANO Bank’s business idea:
To create opportunities for a better everyday life together by offering simple, fair, and affordable services, for a sound economy for the many people.
AI Hackathon with sustainability focus in Sweden
Considition returns once again in the fall of 2024, continuing its mission to drive sustainable and innovative AI solutions. This marks the seventh consecutive year of Considition, organized by us at Consid. Over the years, we’ve partnered with organizations like Budbee, IRONMAN, GLOBHE, and Riksbyggen, each time tackling diverse themes while striving towards a common goal – advancing sustainability through AI.
Considition 2023 was organized in close collaboration with Coca-Cola in Sweden to develop the future of sustainable beverage consumption. We would like to extend our deepest thanks to all participants and especially to Coca-Cola in Sweden.
