Nations Trust Bank’s (NTB) innovation centre at Gregory’s Road, recently hosted the first Fintech Hackathon in the country.
Over 150 teams from across Sri Lanka forwarded their applications to contest in the Hackathon and the best 16 were selected to compete. The Nations Trust Fintech Hackathon 2017 saw some vibrant talent and enthusiastic participants.
Speaking as the Hackathon Thilak Piyadigama Chief Operating Officer of Nations Trust Bank said, “We provide young people with platforms to innovate and showcase their ideas and talent.” Dinesh Thomas - Chief Innovation Officer at Nations Trust Bank and one of the key organizers of the event added that, ”Hackathons have become increasingly common in other industries these days and most of the teams who did put forward their applications told us that they’re now very selective about participation and do not participate unless they see real value.”
“Yes, we’re probably creating competition for ourselves as a result of this process but we’re also encouraging people to beneficially disrupt the financial sector. We’d rather incite change and be a part of the revolution, than take a passive approach and be left behind.”
The team, ‘Tech Devs’ with their idea forOnline Auctioning Platform were the ultimate winners of the Nations Trust FintechHackathon 2017 and walked away with a cash prize of Sri Lankan rupees 250,000/- and a business loan worth LKR 1 million at a discounted rate of interest. Online bidding application “BIDME” is an android application developed for banks to auctions the overdue pawned items.
Team ‘Phastem’ who aims to create IoT based cabinet system which provides secure access to the cabinets remotely through mobile and web app while providing courier service,which will resolve the hassle of baggage during a tour. They walked away with the cash prizes of Sri Lankan rupees 150,000 and Sri Lankan rupees 75,000 respectively.
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