Designers are being invited to design the perfect financial crime of the future, for an annual award that encourages the development of links between the financial and creative industries.
For 2019, The Future of Money Award is asking entrants to submit their ideas for a financial crime which utilises a new loophole, a change in social convention or a specific technological development.
Shortlisted concepts will be judged by a panel of financial experts and industry leaders at the Money20/20 Europe conference in Amsterdam later this year.
The competition is only open to designers who live in Europe. This year's shortlisted entrees will have the opportunity to present their concepts at the conference to an audience of financial experts and industry leaders, where the Grand Prize winner will be chosen. The organisers hope that the competition will produce thought-provoking ideas that explore the vulnerability of a completely electronic marketplace.
Crime is "driving force" behind technological progress
"Crime, whether we like it or not, is a driving force behind a large proportion of technological progress," said the competition organisers.
"In 1817, a burglary at a British dockyard led the government to start a competition, challenging locksmiths to invent an un-pickable lock. The result was the Chubb detector lock, and it remained unpicked for 33 years."
Designers are invited to plan a financial crime that utilises a new loophole, a change i...