Wells Fargo - Campus Analytics Challenge 2022

Speaker
Determine Transaction Categories Using Machine Learning and Natural Language Processing

When
June 13, 2022 12:00pm - July 13, 2022 12:00pm

Where
Virtual Competition

Description
At Wells Fargo, our data scientists play a key role in driving innovative and meaningful insights that enable our lines of business to provide a world-class experience to our stakeholders. The Campus Analytics Challenge 2022 (“Challenge”) puts you in the role of a data scientist and calls you to use Machine Learning and Natural Language Processing to predict transaction categories. The dataset is small enough that you should be able to work with it on a standard laptop. To help get your creative juices flowing, we encourage you to explore Machine Learning and Natural Language Processing research, literature and beyond, as you may find a creative approach in other sub-fields of data science. Challenge Background: It is no surprise that financial companies need to help their customers organize their finances. Customers want to know what they spend their money on to keep balances in check. By categorizing transactions and building better customer engagement tools, Wells Fargo can help customers identify frequent purchases and subscriptions, sort income and activity liability with higher accuracy, and reduce credit risks. Transaction categorization is the ability to recognize the purpose of a transaction based on its description. For long, this process was done manually but now technology can do it efficiently. This Challenge will focus on Natural Language Processing using the power of Machine Learning to predict which category a transaction will fall into, given the description of the transaction.

Challenge Starts ⇒ 12:00:01 p.m. ET on 06/13/2022
Challenge Submission Deadline ⇒ 12:00:01 p.m. ET on 07/13/2022
Submissions Judged ⇒ 07/14/2022 – 08/05/2022
Potential Finalists & Winners Notified ⇒ 08/10/2022 (on or about)'

Eligibility: This Challenge is sponsored by Wells Fargo Bank, N.A. for full-time or part-time students, 18 years of age or older at the time of entry, who are enrolled in any higher education degree program on campus or online at colleges or universities in the United States and District of Columbia, including students attending two- and four-year programs, technical and vocational schools, junior and community colleges, as well as graduate and professional education students (collectively “Students”). Prizes: A total of $20,000 will be awarded to the 8 winners of the Campus Analytics Challenge. The breakdown of breakdown of prize distribution:

One (1) first place prize $7,500
One (1) second place prize - $5,000
One (1) third place prize - $2,500
Five (5) finalist prizes - $1,000 each

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