The U.S. Treasury has initiated a competition, called the MyMoneyAppUp Challenge, seeking ideas and designs for “next-generation mobile tools to help Americans control and shape their financial futures.”
This week, the Treasury added representatives from Facebook and Google to the judging panel, Finextra reports.
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The contest is composed of two parts: an App Design competition, where contestants are asked to submit a three-to-five page proposal for their financial app idea; and an IdeaBank competition, which restricts entries to just 140 characters.
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