What’s a Hackathon?
A hackathon is an intensive marathon of collective brainstorming and programming activities that rapidly engage the creativity of designers, developers and innovators. Hackathons are a great tool for:
Accessing innovative ideas in a short amount of time.
Upskilling teams and encouraging collaboration.
Influencing and changing the internal culture of organisations/institutions.
Experimenting with and evaluating banking APIs for future use.
Raising brand awareness and heightening positive sentiment.
Expected Outcomes
Access to new ideas & innovation: as hackathons are time-limited, they force participants to focus their efforts on addressing problem statements without the distractions of long-term planning and management. Hackathons are about coming together and creating something new.
Supporting talent recruitment and selection: hackathons may well replace career fairs as spaces to identify and select new talent. Within 48 hours, recruiters can quickly evaluate participants’ technical and social skills.
Community building: hackathons provide a real opportunity for organisations to build relationships with third party developers, updating them on new developments and enabling them to continue working on the chosen software or platform or domain.
Great learning tool: hackathons are a highly effective tool for promotion of learning. The activity brings together a diverse group of people who may not have a chance to interact regularly. Hackathons enable participants to step back and to assess problems and issues from a different perspective.
Impression on clients, partners or senior management: during hackathons, people typically co-locate in one space. The time-limited event and informal, non-sales environment fosters friendly interactions and positive vibes.
Example Apps from Previous Hackathons
Tesobe has run over 60 hackathons with Tier One banks from Brazil to Australia. Some of the apps started at our hackathons went on to become successful business ventures. Below are some examples of apps produced at our hackathons:
OneUp
Automatic Accounting
Meeco
Match Available Merchant Loyalty Programs
GoSherpy
E-Money Agent
emFUND
ChatBot
AnyNKap
Money Manager
Triggerz
Automatic Accounting
Why Choose TESOBE for your next hackathon?
Choosing the TESOBE team for your next hackathon gives you access to:
Having conducted over 60 Fintech hackathons globally, we have developed a unique know-how and have built an engaged audience for our events. We’ve successfully run hackathons for Societe Generale, BNP Paribas, Santander, RBS and others.
Our battle-tested hackathon methodology is hands-on. We accompany the bank in every step of the process. We focus on results and on encouraging the participants to build actual prototypes of their ideas. To that end, we make our banking API and sandbox available at our hackathons.
TESOBE brings a full Open Banking sandbox environment to the hackathon. Open Bank Project technology is by now the leading API technology for banks, and we use it to provide an existing stack of highly secure fintech APIs and access to data covering access to accounts, transaction history, payments, KYC and more, inline with recent EU Open Banking regulation (PSD2).
We’ve built a community of over 10,000 developers who use our APIs and who are keen to partner with banks and participate in our events.
Our team has spent the last 8 years serving the financial service ecosystem through the Open Bank Project and the hack/make the bank hackathon series. The team includes senior executives with more than 50 years of banking experience and a combined 75 years of technical expertise.