The building blocks of every innovation is the people around it.
SUPERNOVA is themed event comprising of both a hackathon and a summit with the purpose of allowing both innovation of problem statements and sharing of knowledge between various stakeholders from legal, financial and regulatory industries.
Held at Microsoft Malaysia Office, Pre-Hack is the time for you to find like-minded teammates and form your team.
Dinner is provided!
A competition which is a tech ideation sprint-like event where developers, subject matter experts, students, innovators and business people collaborate intensively to create solutions to specific sets of problem statements in the areas of fintech, lawtech and regtech.
In case you missed out, visit our lawtech hackathon 2018 by clicking the button below!Discover More
The SUMMIT will be held in three different distinct styles to kickstart knowledge sharing & conversations in the areas of fintech, lawtech and regtech.View Schedule
Big Law is a reference to a law firm's traditional business model which is usually a large partnership that employs full-time lawyers, offers hourly-billing rates, and is structured in a pyramid-style organisation where partners sit on top and associates live in an up-or-out environment. However, with the advent of Industry 4.0, clients are expecting lawyers to leverage on newer and better technologies to optimise their costs and outcomes. These expectations are ushering in the era of New Law where legal businesses are creating adaptive business models to meet the demand. The overhaul of Big Law includes changing the ways in which lawyers are being employed, new billing methods, bundling/unbundling of legal services, and more flexible working arrangements.
Whilst notable figures such as Elon Musk worry over the ‘existential threat’ of AI, businesses appear to be more concerned with its overwhelming capabilities in data analytics and decision-making processes. This paradigm encapsulates the nature of technological disruption; it can be seen as an opportunity to leverage on or a threat. Given the rise of China and other emerging economies, as well as the omnipresence of globalisation, the role that technologies play in disruption is more important than ever. The big question is how is technology disrupting global businesses today? Or to better rephrase that question, how are business leaders, policy makers, and individuals leveraging technologies to navigate the disruptive environment?
Conventional Banks (sometimes known as Traditional/Incumbent Banks) are longer-established banks that we are accustomed to see throughout society. They possess a physical network of branches that offer a wide array of financial services and products, usually provided at high overhead costs while relying on legacy systems. Contrast this with the Challenger Bank model which distinguishes itself by offering limited but specialised products and services through modern financial technology practices. One significant distinction is usually only having an online presence. The excitement behind Challenger Banks is that they are not shackled by older technologies, systems, and even regulations – this allows them to compete by avoiding the costs and complexities of traditional banking.
In today’s data-driven world, the looming threat of cybersecurity attacks is overturning the way in which businesses and institutions function. Too often do we see reports about cyberattacks and its consequences. For instance, the NHS ‘WannaCry Hack’ was estimated to cost £92 million because 19,000 medical appointments were cancelled. At the same time, a growing and overlapping thicket of data security and privacy regulations (e.g. GDPR), has continued to increase compliance costs and regulatory risks. As the global economy becomes increasingly reliant on the digital sphere, parties across the data supply-chain must be vigilant. Businesses, especially, must ensure that there is proper investment in web application security, and to be more diligent about changing and updating their systems and procedures.
AI is taking over the world. Perhaps not in a ‘Skynet’ manner yet, but in terms of its ability to simulate simple human cognition. Beyond enabling computers to carry out basic job functions, AI can apply algorithms to interpret data, develop pattern recognition, and form conclusions. In short, AI can ‘learn’ and ‘problem-solve’. The potential benefits are clear for many industries (e.g. the rise of autonomous vehicles) but what about the legal sector? For one, AI can significantly reduce costs of legal research and due diligence; ROSS is an AI legal research service that can read over 1 million pages in a second, finding key information for lawyers. In fact, AI’s transformational capabilities are significant enough for Deloitte to predict that 100,000 legal roles will be automated by 2036 and law firms will start using new talent strategies by 2020.
Managing cash is costly. A study by the European Central Bank in 2012 found that countries with high usage of cash and cheques spend up to 1.43% of their GDP on annual retail payment cost , whereas countries with high adoption of electronic payments only spend as low as 0.42% of their GDP. It is unsurprising then that there is a growing popularity behind eWallets. Business are able to save costs while keeping consumers in their ‘transactional domain’. On the other hand, consumers enjoy eWallet benefits (including its cashless nature), usually at minimal to no costs. However, questions do arise about eWallets and its role in today’s society. Many jurisdictions have yet to recognise it as legal tender because it is decentralised and unregulated. There are also other implications to consider such as the effects of removing cash from the economy, and the secureness and reliability of electronic systems.
The scale and impact of financial crimes is eye-opening. For instance, in 2012, HSBC Holdings paid a fine of US$1.92 billion to the US authorities for money laundering lapses in Mexico as well as sanctions violations. The increased regulatory burden on companies and financial institutions alike are creating demand for newer technologies. Hence, the new field of RegTech which aims to assist with the storing, accessing and processing of data in an unprecedented capacity. Effectively-designed data sets must be deep, accurate, and should be able to be cross-examined, viewed and operated flexibly, with different potentials and for different purposes. Beyond the conventional compliance aspect of reporting and monitoring, RegTech provides other solutions that are constructed around the data, such as improved client lifecycle management processes and offering insights through data analytics.
A hackathon is a sprint-like event where entrepreneurs, software developers, innovators, and designers collaborate for one or more days to create creative technology solutions to specific sets of problem statements. The #goal is to develop an MVP (minimum viable product) by the end of the event.
SUPERNOVA Hackathon & Summit 2019 is a 2 part event consisting of the Hackathon and a Summit, both aiming to converge lawtech, fintech, and regtech, culminating in #TheConvergence by bringing key players to the event to encourage innovation and discussion. The Summit will feature an exhibition of lawtech, and fintech products and 7 topics will be discussed and spoken on by a vast array of experts from all 3 verticals.
SUPERNOVA Hackathon & Summit 2019 will be held at Found8 and will be held from 19th October 2019 to 21st October 2019. The SUPERNOVA Hackathon 2019 is a 30-hour hackathon taking place on 19th and 20th October 2019. This will be followed by the SUPERNOVA Summit 2019 which will take place on the 21st October 2019.
Our SUPERNOVA Hackathon is a golden opportunity for you to gather your dream team, test out your idea, innovate with like minded people, and a chance to accelerate your project after the event.
Our SUPERNOVA Summit is the best place to find out about the current issues and solutions to all 3 verticals. You will have the chance to meet and discuss with experts from all 3 verticals. You will be able to see and test out products that are already in the market and innovations that are ongoing.
You don’t have to be a tech expert. You can apply even if you do not have coding skills! Give us the passion to improve the legal industry and problem-solving attitude and we’re good to go! We are looking for:
- People in the legal industry as a practising lawyer, an in-house counsel or even a chambering student!
- People in the IT arena be it a software developer, a tech personnel of a law firm with a passion to improve the legal profession.
- People in the finance industry involved in banking, accounting, insurance etc.
- Entrepreneurs looking to develop a programme for the legal technology industry, people working in a government agency who interacts with the legal industry.
- Legal academics, students reading law and/or pursuing software development.
PS: we have mentors throughout the event so don't worry!
Register online here! The fees include food, beverage, and WiFi.
No, pre-registration is required.
Yes, we only accept participants that are above the age of 18, as of 31 December 2019.
Yes, there are multiple options of public transportation to get to our venue.
LRT: Take the Kelana Jaya LRT Line, and stop at the KL Sentral.
MRT: Hop on the KL Monorail line and take the MRT to KL Sentral. Then cross the bridge to NU Sentral and head towards KL Sentral.
For more detailed information for driving and LRT, pls visit the participants toolkit that is sent via email.
The sky (and our problem statements) is the limit! Look at our problem statements here and pitch your ideas on how to solve those problems.
Our problem statements are wide ranging and uber relevant to the current Malaysian legal, finance, and regulation climate.
No. SUPERNOVA Hackathon is designed to be an effective platform to grow new businesses from the ground up over this 30-hour event.
No, you do not need to have a team when you register. LawTech Malaysia (organiser) will hold a Pre-Hack event on 11th October 2019 where you will have the opportunity to meet like minded participants and form your team. Alternatively, LawTech Malaysia will match you up and form teams shortly after the Pre-Hack event.
If you do not have a team, please join the Pre-Hack networking function to mingle with other participants and meet like minded people. (Details will be shared to all who signed up)
If you do have a team, feel free to join as a team and join the Pre-Hack networking function to meet other talents!
Teams can be formed between 3 to 5 people.
- Power cord
- Business cards
- Camera - take pictures and videos!
- Optional: A second monitor, keyboard, headphones, etc…. set yourself up to be productive!
- Your creative energy and your dynamic problem solving passion!
The SUPERNOVA Hackathon and Summit 2019 aims to be an informative and innovative event. The main event is for you to code a technical solution and prepare to pitch your technical solution on 20th October 2019. Your product will be judged and the winners will be announced on 20th October 2019.
On 21st October 2019, there will be other exciting sessions such as panel sessions to discuss a variety of issues related to legal tech, finance tech and regulatory tech.
Yes, there will be roughly a sum of 30 floating mentors to help you during the event that will be present at predetermined slots on 19th and 20th October 2019 of the hackathon.
Please head over to our Itinerary page to find out more
Stand a chance to win the Grand Prize of RM10,000.00!
Get a chance to be discovered and for your product / project to be funded further.
Meet your future teammates here and create your own lawtech, fintech, and regtech startup!
Attend for the panel sessions and be one of the first to observe and be part of the growth of lawtech, fintech, and regtech in Malaysia!
The main goal is to create a MVP (minimum viable product) by the end of the hackathon. You will then present your MVP to the judges and stand a chance to be funded and win the grand prize!
- Presentation & Pitch
- UI/UX - user friendly
- Creativity of MVP
Method of judging:
Both pitching round 1 & 2 will be held on 20th October 2019.
1st round: Participants will be divided into 3 tracks to be judged on 20th October 2019.
Final round: Top 6 teams will be chosen for another round of pitching.
3 winners will be chosen after the final round of pitching.
For more detailed information about judging, visit the link below.
We love your energy and if you continue your project with your teammates, all the better! Many teams found that their MVP is too good to pass up and continue with it.
We love you too! We’re as excited as you to be involved and to watch Legal Tech grow in Malaysia. Do join us on this journey at our Facebook Group here and our LinkedIn Page here! We’d love to hear your SUPERNOVA Hackathon & Summit 2019 stories! Please share your experience by filling up our survey form here and use the same #LawTechMY and #Supernova2019.
Teams retain the intellectual property rights of their hacks.
LawTech Malaysia reserves the right to publish presentations and/or other materials submitted during the SUPERNOVA Hackathon & Summit 2019 on its website or other relevant sites for the purpose of marketing and promoting its work.
There will be no refund of tickets upon successful registration.
Yes there are CPD points for 2019 too!
SUPERNOVA Hackathon 2019
CPD code: T3/2122102019/BC/KL193650/10
CPD points: 10
SUPERNOVA Summit 2019
CPD code: T3/21102019/BC/KL193649/6
CPD points: 6
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