Financial Services Hackathon Attracts Top Software Developers
Moscow recently hosted a mobile financial services Hackathon organized by the Apps4All community of mobile application developers in partnership with Russia’s Sberbank, the country’s leading financial institution
Aug 17, 2014
The event was attended by software developers, finance professionals and industry experts and the winning projects each received a prize of 1 million rubles ($27,754).
Participating developers of the Sperbank Hackaton were advised by invited experts on open data, representatives of partner companies Microsoft, Samsung, RedMadRobot, UsabilityLab, NPTV and Looi as well as the industry’s top names in mobile applications. About 60 teams participated in the programming marathon to create a mobile financial services prototype, with 51 projects submitted by the end of the 24-hour event.
The Best Product category was won by an application that allows users to manage not only their personal finances but also those of an entire family. Second place was taken by a prototype solution that offers users the opportunity to receive a restaurant bill on their mobile device and then divide the total among several diners. First prize in the Technical Solution category was given to an electronic queue that is integrated with a mobile banking application. Second place went to a service which "takes the temperature" of the financial climate and offers the user suggestions as to what changes in financial management should be made if the "temperature" increases. In addition, a special Hackaton prize was awarded to a service for crowdfunding charity donations.
"The purpose of a Hackaton is to take another step towards the creation of an open development ecosystem in the design of financial services," said director of Sperbank’s Bank 21 project Svyatoslav Ostrovsky. "These measures will help us to expand the boundaries of traditional financial services."
Participating developers of the Sperbank Hackaton were advised by invited experts on open data, representatives of partner companies Microsoft, Samsung, RedMadRobot, UsabilityLab, NPTV and Looi as well as the industry’s top names in mobile applications. About 60 teams participated in the programming marathon to create a mobile financial services prototype, with 51 projects submitted by the end of the 24-hour event.
The Best Product category was won by an application that allows users to manage not only their personal finances but also those of an entire family. Second place was taken by a prototype solution that offers users the opportunity to receive a restaurant bill on their mobile device and then divide the total among several diners. First prize in the Technical Solution category was given to an electronic queue that is integrated with a mobile banking application. Second place went to a service which "takes the temperature" of the financial climate and offers the user suggestions as to what changes in financial management should be made if the "temperature" increases. In addition, a special Hackaton prize was awarded to a service for crowdfunding charity donations.
"The purpose of a Hackaton is to take another step towards the creation of an open development ecosystem in the design of financial services," said director of Sperbank’s Bank 21 project Svyatoslav Ostrovsky. "These measures will help us to expand the boundaries of traditional financial services."