This fall will bring a new edition of Open Banking Hackathon in Bucharest

17 august 2021

At its 3rd CEE edition, Open Banking Hackathon will take place between 29 September – 3 October 2021. Teams from 10 European countries (Poland 🇵🇱, Romania 🇹🇩, Bulgaria 🇧🇬, Hungary🇭🇺, Austria 🇦🇹, Croatia 🇭🇷, Slovenia 🇸🇮, Slovakia 🇸🇰, Czech Republic 🇨🇿 and  Greece 🇬🇷) are invited to take part in the challenge and build value creation applications on top of the battle tested Open Banking data aggregation platform provided by Finqware. Registrations are open until 19th of September 2021.

During the five days of the hackathon, the teams will cover three main challenges:

. Open Banking for Individuals – personal finance management applications; robo-advisory for increasing financial health; increase financial inclusiveness; next level payment solutions.

.> Open Banking for Business – optimising treasury management for corporates; smart financial management for SMEs; cross border FX hedging for corporates; bulk payments scenarios over payment initiation

. Open Banking for IoT  using wearables to manage financial life; automotive software applications; smart cities.

Last year, more than 40 teams joined the competition, with winners gaining cash awards of up to  5,000 EUR, PoC partnerships and numerous other partner benefits.

Open Banking continues to make progress despite the pandemic and last year’s hackathon has proven that fintechs are more and more adaptable into transforming  the financial services industry.

“I am incredibly excited by the projects Open Banking Hackathon has uncovered and I believe this year can bring even more interesting projects in the spotlight. The event is a launching pad for early-stage projects and a first step in the collaboration with financial institutions and relevant fintech players,” states Cosmin Cosma, the initiator of the event.

Hackathon registration and other event details can be found on www.openbankinghackathon.com and on social media.

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Open Banking Hackathon event was set-up three years ago, aiming to create an open platform to foster innovation. Supported throughout the years by important financial institutions such as National Bank of Romania, Alpha Bank, Banca Comerciala Romana, Raiffeisen Bank, Banca Transilvania, OTP Bank, Varengold Bank, BRD SocGen and Unicredit Bulbank the event has managed to grow year by year into a relevant resource hub and a launching platform for starting fintechs.

Other supporting partners who have continuously contributed to the success of the event are companies such as the international law firm CMS, DHL Express Romania, fintech associations, innovation communities and startup accelerators from Hungary (OTP Lab), Austria (Elevator Lab, Pioneers), Romania (Techcelerator, InnovX, Rofin.Tech, Startup Grind Bucharest), Bulgaria (Bulgaria Fintech, Eleven Accelerator), Slovakia (Slovak Fintech) with many more discussing to join the event.

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Mihai Draghici – CEO PayByFace

„Dupa ce oamenii creeaza un cont PayByFace si au adaugat cardul, selfi-ul si PIN-ul, si au avut un pic de curaj sa se duca sa incerce, daca au incercat o data plata prin recunoastere faciala nu mai folosesc altceva (n.r. ca modalitate de plata). 80% dintre ei numai asta folosesc. Le place la nebunie.” 

Afla aici rezultatele in adoptia platii prin recunoastere faciala.

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?