The Entrustment and Liquidation Center (Infath), in collaboration with Qassim University, concluded the “Infath Innovation” Challenge after three days of developing ideas and technical solutions and participating in mentoring sessions. The challenge brought together 36 projects and more than 100 participants, who competed to develop innovative solutions addressing a number of challenges related to sale and liquidation activities.

The challenge featured 72 mentoring sessions across four tracks: auctions, asset marketing, contracts and registration, and asset inspection. Participating teams utilized a range of technologies, including artificial intelligence, data analytics, automation, smart contracts, and interactive digital experiences, with the aim of enhancing operational efficiency, accelerating procedures, promoting transparency, and improving the beneficiary experience, ultimately leading to scalable and applicable solutions for sale and liquidation activities.

On the sidelines of the challenge, Infath signed a cooperation agreement with Qassim University to strengthen cooperation in areas of mutual interest, contributing to the development and enhanced efficiency of the entrustment and liquidation ecosystem, while supporting research, development, and innovation.

The challenge concluded with the recognition of the winning teams and participants, as part of Infath’s efforts to foster an innovation-driven environment and transform operational challenges into opportunities for practical development, thereby enhancing the efficiency of sale and liquidation activities, increasing beneficiary satisfaction, and supporting the objectives of Saudi Vision 2030.