Wema Bank broke the mould in 2017 by introducing a fully digital banking experience in 2017 called Alat. This was Nigeria’s first, built by an entirely indigenous team according to the bank and it flipped the script on traditional banking.
This year, Wema Bank plans to raise the stakes with its first hackathon tagged Hackaholics and everybody is welcomed. It is expected to be a gathering of developers, web designers and creative thinkers interested in building products and solutions to improve financial services and other sectors of the Nigerian life.
Information from the bank’s website reveals that solutions around personal finance, big data, retail banking, mobile payments, risk management, currency and stock trading, investment, regulatory compliance as well as health and environment could get good excitement in terms of focus.
The winning ideas will stand a chance of being incubated and developed into marketable solutions while the best ideas will get full technical support and funding up to 10,000 USD. Talented individuals who exhibit their agility and innovative thinking during the hackathon will be approached to work with the bank on a full-time basis.
Attendees can participate individually or in teams, the teams can also be formed prior to the hackathon. Hackathon organisers and technology partners may also provide teams with potential ideas to work on and offer prizes to the winning team. APIs and platforms from technology partners will be made available during the Hackathon.
The hackathon will last for 72 hours (March 29-31st), with attendees validating their ideas, networking and doing a demo of their hacks to a panel of VCs, executives and entrepreneurs.
20 teams will be shortlisted for the hackathon and submission of applications will stop on the 12th of March, 2019 at 11:59 pm.