The Citi Financial IT Case Competition held its second round of competition recently, according to a press release.

The competition is being funded by Citi Foundation, the philanthropic arm of Citigroup, and managed by Citibank NA Bangladesh and D.Net (Development Research Network).

The competition is the first of its kind in Bangladesh that aims to provide an opportunity to undergraduate students from public and private universities to compete in the development of unique software and information system solutions for the financial sector.

Five top teams, out of 20, have been selected for the final round that is to be held in September 2009.

The teams are from BUET, University of Dhaka, Shahjalal University of Science and Technology, University of Liberal Arts Bangladesh (ULAB) and United International University.

The best three teams will be awarded $5,000, $2,000 and $1,000 as prize money, respectively.

In all three rounds, jury panels of eminent professionals assess the case solutions based on the project evaluation guidelines.

The competition took place on the University of Liberal Arts Bangladesh (ULAB) campus.