Finastra names the winners of Hack to the Future


LONDON, January 27, 2021 / PRNewswire / – Finastra named the winners of its annual hackathon: Hack into the future. The virtual event saw hundreds of ideas, proof of concepts (POCs) and applications submitted, from around the world, around the themes of reducing systemic inequalities, COVID-19 hacking and adoption. technological change.

The shortlisted teams presented their ideas to a panel of expert judges from banks, fintechs, universities and industry experts. Judging was based on a bid’s ability to meet a real and urgent need, its feasibility and use of the technology, and its commercial potential. Winning ideas and POCs benefiting from a range of prizes offered by Finastra and hackathon supporters, such as cash, incubation opportunities and coaching, include:

  • Hacking systemic inequalities: Egg nest – a gamified banking app for kids that integrates financial literacy and brings unbanked or underbanked children into financial services
  • Change facilitated by technology: AI-powered mortgage advisor – use machine learning to predict mortgage loan approval, for faster turnaround time for applicants
  • Hacking through COVID: FinFlo – Filipinos can acquire fast loans digitally, allowing residents affected by the pandemic and in need to apply without leaving their homes or going to a bank

In addition, prizes including incubation and internship opportunities were also awarded for the following categories:

  • Best youth idea: Fine – uses principles of gamification and advanced technology to impart financial literacy
  • Best Student Submission: Pay by hand – a payment platform designed to combat the banking exclusion of people with disabilities
  • Best SME / banking business submission: Romulus for trade finance – automates reconciliation of trade finance documents against Swift communication
  • Best in MEA region: Banking4U – a platform that leverages a customer’s mobile money transaction data to determine loan eligibility
  • Better environmental impact: IA ESG – a smarter sustainable investment thanks to data and deep learning
  • Better user experience: IA ESG – a smarter sustainable investment thanks to data and deep learning
  • Best social impact: CreditSense merger – leverage APIs and machine learning to build credit and microcredit prediction models, based on a user’s transaction history
  • Best submission from a fintech: Responsible investors – rating of Finastra ESG funds using fintech, AI and natural language processing via FusionFabric.cloud

Chirine Ben Zaied, Chief Innovation Officer at Finastra said: “It has been amazing to see over 4,500 global registrations from schools, universities, startups and fintechs – all with the common goal of hacking for good. It has been our most impactful hackathon to date, generating some of the truly inspiring apps and ideas that have the potential to redefine financial services and drive change. Our thanks to the large number of collaborators, sponsors and partners who supported the hackathon through judgments, prizes and mentoring; this is a testament to the importance of bringing the industry together to build innovative solutions with purpose and impact. ”

Finastra made its development platform open – FusionFabric.cloud, supported by Microsoft Azure, as well as over 130 APIs and several open datasets available for the hackathon.

Learn more and watch the finals on request here, or join the conversation on social media using #HackToTheFuture and #HackingForGood

For more information, please contact:

CAROLINE DUFF
Global Head of Public Relations

T +44 (0) 7917 613586
E [email protected]

finastra.com

About Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Backed by the largest and most comprehensive portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes around the world, including 90 of the world’s 100 largest banks. Our open architecture approach brings together a number of partners and innovators. Together, we show how applications are written, deployed and used in financial services to evolve with changing customer needs. Learn more about finastra.com

Logo: https://mma.prnewswire.com/media/967510/Finastra_Logo.jpg

SOURCE Finastra

Related links

https://www.finastra.com/

About Catriona

Check Also

Alliant Credit Union Personal Loan Review

Main advantages Personal loans Alliant Credit Union personal loans are available to established members, meaning …

Leave a Reply

Your email address will not be published.