UniCredit and the Open Bank Project launch the 2016 online Appathon
22nd June 2016
Level39 member Open Bank Project has teamed up with leading financial organisation UniCredit to launch the 2016 online Appathon: a global competition for fintech developers and startups.
Having kicked off on June 13, entrants have one month to submit their entries (via this link here) – they are encouraged to take advantage of the Open Bank Project API to develop tech which tackles challenges in the remits of PSD2, Moment-Based Insight and the Digital Wallet 2.0.
Ten teams will be selected to demo their applications in Milan on July 20 for UniCredit’s senior management who will determine the winners of the competition.
Top prize includes a professional collaboration package worth €50,000 with UniCredit Business Integrated Solutions and runner-up prizes include tickets to Finovate, a VR headset and bitcoin compensation.
Simon Redfern, CEO of TESOBE Ltd/Open Bank Project, notes: “an API enables innovation to happen in faster and unexpected ways. Innovative developers and entrepreneurs can quickly imagine, design and code ‘out of the box’ solutions, using the rock-solid, secure services provided by the UniCredit bank. This allows the bank to more quickly understand and integrate innovations for the benefit of their customers. We are thrilled to be working with Unicredit, a banking group that is clearly serious about partnering with outside start-ups and innovators across the globe.”