Across Al-Futtaim’s different divisions and channels, there are a number of touch-points in a Customer Journey that may require a credit decision before progression to the next stage.

We are looking for innovative ideas and solutions in our credit decision making to utilize:

• Existing internal data sources, and
• Potential external data sources to support credit decision for individual customers.

Examples of high potential data sets are: Automotive CRM data, Entertainer data, Social Media data, Utilities data etc.  Ultimately, we seek to be quick and agile but also adherent to sound financial principles.

Al-Futtaim will adhere to the following process for this Challenge submission:

1. The challenge is published. If you questions please direct them to the Dubai Future Foundation.
2. Before submission, a webinar to elaborate on the challenge will be run and broadcast January 8th.  This will allow applicants to tailor their submissions.
3. Applications will be open until the 23rd of January 2020, 11.59pm (GMT+4). 
4. Shortlisted applications will be chosen to attend a 10-minute pitching session to Senior Al-Futtaim leadership.  If internationally based, the pitch will be digitally streamed.  If the Startup is local to the UAE, it will be hosted at Al-Futtaim’s dedicated Innovation HUB.
5. If a solution meets the criteria and is favourable to the Al-Futtaim management team, it may be chosen to be bought to life via a Pilot.

The winning application will be provided between $10,000 – $15,000 to fund the pilot.  Additionally, flights and accommodation for up to 3 people between 1 and 3 months will be provided.  The exact amount allocated as well as duration will be subject to the pilot chosen, the maturity of the proposed solution and the discretion of the Al-Futtaim management team.