More than 40 fintechs from all across Europe have registered to join this year’s Open Banking Hackathon – Online CEE Edition 2022. After careful consideration, 12 teams from Poland 🇵🇱, Czech Republic 🇨🇿, Slovakia 🇸🇰, Romania 🇹🇩, Croatia 🇭🇷, Greece 🇬🇷, Spain 🇪🇸 and Ukraine 🇺🇦 have been selected to move forward with the competition starting Monday, September 26th until Friday, September 30th.
The 5 days remote hackathon willchallenge fintechs to build value creation applications on top of the battle tested Open Banking data aggregation platform provided by Finqware. With the support of top business mentors and jurors, more than 40 people will work at developing their open banking solutions for individuals, business and IoT with projects in the field of budgeting, payments, cash withdrawal, loyalty, loans and trading.
During the hackathon week, competing teams will be working on open banking solutions for AI-powered engines in the insurance sector, enterprise accounting and financial management, e-commerce decentralised consumer networks, online payment and reconciliation solutions, cards emulation, online wallets, investment, personal finance and budget management,
The 5 best teams will be selected for the hackathon Grand Finale and will get a chance at 🏆 awards adding up to 10,000 € in cash prizes, partner benefits and services, plus PoC partnerships. On top of this, participating teams will experience 5 days of networking and 1to1 mentor feedback sessions, to further refine their ideas and improve on their products.
The demo night and awards gala will be streamed online on www.openbankinghackathon.com this Friday September 30th from 6pm EET (GMT+1) .
Having main partner Google Cloud and as institutional partner the National Bank of Romania, the event is also supported by important regional financial players like Banca Comerciala Romana, OTP Bank, technology companies like Capex.com, Zitec and the international law firm CMS have partnered in the event, eager to see Open Banking gain traction in the financial sector.
The supporting partners interested in contributing to the success of the event are fintech associations, innovation communities and startup accelerators such as BNR FinTech Innovation Hub, Eleven Visa Accelerator, OTP Lab, InnovX-BCR, Startup Wise Guys, Techcelerator, TechAngels, industry associations like Romanian Fintech Association, Bulgarian Fintech Association, Czech Fintech Association, Slovak Fintech Association, Digital Serbia Initiative, Advantage Austria, FintechHub, The Luxembourg House of FinTech, European Digital Fintech Association, Global Tech Connect, with many more discussing to join the event.
Anyone interested in seeing Open Banking at work should book their seats here to attend this innovation “Eurovision” contest for fintech in the CEE. For more details please visit the website www.openbankinghackathon.com and social media page.
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Open Banking Hackathon has started in 2019 because of the adoption of the PSD by the European Union with the purpose of gathering together the most important fintech key stakeholders in Central and Eastern Europe and the brightest minds to find feasible and innovative solutions for the implementation of open banking.
This year’s edition is coming after a pandemic that has changed our lives and will be happening in a hybrid format, finishing with a round table with important stakeholders in the ecosystem that will come together on 30th of September to discuss the newest trends in open banking.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
