Bankathon #7 in Prague – Let the Open Banking world begin!
Bankathon is the biggest bank-independent fintech hackathon series in Europe, powered by finleap connect. The seventh edition took place from 24th until 26th September 2019 in Prague, its second visit in the CEE region.
Bankathon #7 was the largest and most international Bankathon we had so far, with 27 competing teams consisting of 93 developers, from 7 countries. During the 30 hours of coding, they worked with 6 APIs on 6 different theme tracks and 21.000€ prize money was awarded after the Final Pitches – enabled by 16 Bankathon partners. Here is a detailed recap of the event including teams.
Tracks & Teams
The participating teams were able to choose between six theme tracks: “Travel Expense Management powered by Visa”, “Financial Education for Kids powered by IBM”, “Open Banking for SMEs powered by Komercni banka”, “Wealth Management powered by Deloitte”, “New Business Models powered by Ceska sporitelna” and “Multibanking powered by RBI & Trask”.
The jury, consisting of nine top-class industry experts, selected one winner per track and and one overall winner of Bankathon #7 – considering the feasibility, wow-factor, business potential and fit with challenge of each presented solution.
The “Travel Expense Management powered by Visa” track was won by the IBM Bears team, creating a seamless post-travel experience. Team etnetera created a simple balance management between parents and kids bank accounts, to motivate kids to keep their habits, save money, etc. – which won the “Financial Education for Kids powered by IBM” track AND was voted as the overall Bankathon #7 winner.
Awarded as the best “Open Banking for SMEs powered by Komercni banka” solution was the independent and omnichannel financial management tool for SMEs, created by team Banklifting. “Wealth Management powered by Deloitte” was won by the Money Kitten team and their smart financial adviser for students. It allows students to set a saving goal, analyze their spending habits and set aside some percentage of their spending.
Team bankagram, which traveled all the way from Frankfurt to Prague, won the “New Business Models powered by Ceska sporitelna” track, with their social banking for generation z solution. And last but not least, team KaBe and their zoo donations application was awarded as the best “Multibanking powered by RBI & Trask” solution.
Partners of Bankathon #7
Every Bankathon is all about collaboration and only possible with the great support of numerous partners, that we have on our side. The seventh edition of the Bankathon was supported by Komercni banka (as co-organizer and Diamond Partner), Ceska sporitelna, Raiffeisen Bank International, Visa, Cleverlance, Deloitte, IBM, Trask, DXC Technology, Global Payments Europe, Creative Dock, Czech Banking Association, Czech Fintech Association, European Banking Federation, Tatra banka and Wultra.
Pictures and Videos
Check out the pictures, captured by ©adam-costey.com, here. And the Bankathon #7 recap video, as well as the final pitches livestream recording here.
See you at Bankaton #8!
A big thank you goes out to every participant and partner, living and loving the Bankathon spirit as much as we do!
For more information and upcoming events, please follow our social media channels (Twitter | facebook | LinkedIn) and sign up to our newsletter on www.bankathon.net! You can also always directly reach out to us via bankathon-connect@finleap.com.
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From our experience in the fintech market, most insurance companies do not seem to be fully aware of their potential in Open Banking. Most of them are still not using the opportunities coming from accessing customer bank statements to their fullest extent. Therefore, we think there is plenty of space to develop innovative solutions in the insurance market, all driven by PSD2 and Open Banking. finleap connect is able to fulfill the insurance market needs with 3 distinctive offerings.