The KB Fintech Hackathon
24.3 – 26.3 2017 at Node 5
24.3 – 26.3 2017 at Node 5
We’re pleased to announce that StartupYard is partnering with KB (Komercni Banka, a subsidiary of Societe Generale), to present our first ever banking focused hackathon.
A hackathon is a social coding event that brings computer programmers and other interested people together to improve upon or build something new. For 48 hours non-stop, both external people and KB collaborators will form teams to work on a specific topic.
Below is a description of the event, including specific topic areas, technologies to be used, and the theme of the event:
Trust is the most valuable currency in banking. But the rapid advance of new technologies makes it harder for ordinary people to know whom they should trust with their money.
Technologies like Open APIs, Artificial Intelligence, AR and VR, Bots, Big Data, Blockchain, and IoT will form the basis of tomorrow’s economy. Therefore, increasingly, the role of banks must be to help customers navigate this new economy in a safe andcomfortable way.
The bank of tomorrow must offer modern, safe, and easy-to-understand solutions for tomorrow’s challenges, while maintaining the deep and lifelong trust of customers. It must offer access to the advantages of new technologies, while keeping the interests of its customers close to heart.
This hackathon seeks to find and promote new services, technologies, and ways of working with customers that are not only aligned with what customers expect from a modern company, but also reliable, trust building, and transparent.
How will these new ideas manifest themselves? What kinds of technologies will they be based on? Here are a few examples:
NODE5 Radlická 50, Prague 5
+420 776 140 985 firstname.lastname@example.org
The accessibility and usability elements of new software ideas can take any form, or combine many different elements. Here are a few of the design elements that are most likely to be a part of the projects:
The Hackathon’s “strategies,” are the ways in which new ideas will improve a banking customer’s experience, or the bank’s ability to serve them. Strategies that will be most useful include:
A Hackathon is a gathering of industry experts or enthusiasts, who band together over a short period of time to intensively explore a single, simple idea. A hackathon typically happens in a single day or a weekend. The object is to produce a finished product or a proof of concept, which can be the basis for a new business or a new service.
Because a Hackathon is a great way to get fresh perspectives, both from members of the KB team, and from outsiders with a diverse set of experiences. It’s a free-form opportunity to be creative, that gives us an opportunity to challenge our assumptions and our biases, and reduce tunnel vision.
KB also wants to give non-employees the opportunity to help change the way banking is done. Our best work is in cooperation with others- not all by ourselves. The hackathon gives KB a chance to support and meet talented and smart people, and give them a chance to shine.
The Hackathon welcomes anyone who has an interest in the “Bank of the Future.” Participants can play different roles, such as:
Developers/Engineers who want to show their skills, write software and master emerging technologies.
Futurists who can envision and help sell new ways of working and new use cases for technologies that have been previously ignored or unrealized.
Data Scientists who know how to find new ways to use data and uncover data knowledge.
Entrepreneurs who are looking for the next big thing in banking, and will be quick to recognize a new business opportunity.
To envision the “Bank of the Future,” and together with members of the KB team, to create and even begin to test new products and concepts that may one day soon become the new ways that banks will interact with, serve, and support customers around the world.
You don’t need to have a background in banking. In fact, we encourage those with no experience in banking to apply as well.
The official language of the Hackathon is English, meaning that the final presentations of each idea will be in English. Some mentors and organizers will also speak only English. However, you do not have to be a master of the language to be on a team. Some basic familiarity is all that is required. Czech knowledge is not strictly required.
Yes. There is a symbolic fee of 100 CZK, to ensure that those who sign up are serious about attending. The value of food, drinks, and other perks at the event are worth far more, and the event is not for profit.
No! You can enter with your friends as a team, or you can come alone, and join a new or existing team. If you don’t know anyone, the organizers will help you find a team that needs your talents most. You will have the opportunity to share your own ideas, or to join a group you find interesting.
A cache of data will be available from KB, including anonymized user data such as transactional patterns, location patterns, and other interesting data. In addition, StartupYard will provide a cache of “open data” provided by the city of Prague, which can be used in combination with internal bank data to come up with brand new insights and ideas.
A jury made of members of KB and StartupYard will award the 3 best projects.
+ Prestige prizes:
24.3 – 26.3 2017 at Node 5