Finastra appathon challenges Fintechs and developers to deliver new solutions for community banks and credit unions
New York, June 27, 2019 - Finastra has issued a challenge to Fintechs and developers with its first ever public appathon, inviting anyone with a good idea to build an application that solves a common pain point for North American community banks and credit unions, using its FusionFabric.cloud platform.
Participants will use Finastra’s US Banking APIs, accessible for free on the FusionFabric.cloud platform, and will have their apps judged by a panel comprised of representatives from North American financial institutions, Microsoft and others. This appathon follows Finastra’s 48 hour hackathon in London, which saw over 100 developers from Fintech and tech firms code around the clock to produce 25 new apps.
Teams must submit their apps by September 1, 2019. Ten teams will be shortlisted in the first round of judging, with three progressing to the final round where they will have the opportunity to present their app to a captive audience of hundreds of banks and credit unions at Finastra Universe – Community Markets. The winner will be decided by a panel of judges live at Finastra Universe – Community Markets in Chicago (#FinastraUniverseChicago).
“This is an exciting opportunity for developers, Fintechs, and anyone who believes they can solve a common pain point in this market,” said Vincent Pugliese, SVP and General Manager, US Retail & Lending Solutions at Finastra. “Finastra works with more than 4,000 community banks and credit unions in North America, all of which are eager to deliver new and innovative products and services to their customers. FusionFabric.cloud makes this possible by blasting open the doors for collaboration between financial institutions, Fintechs, developers, students and others. We are providing access to Finastra’s core technology via open APIs to enable the creation of new banking experiences.”
The North American community banks and credit unions have spoken, and these are the challenges they would like the appathon to address:
- Saving and spending control – such as AI-based savings, bill-splitting tools, gamification
- Personal financial management – such as account insights and analytics
- New engagement channels – such as conversational banking and chatbots
- Payment solutions – such as real-time payments, direct to merchant, P2P payments
- Notifications – such as fraud detection and spending alerts
For further information about the #Appathon visit: https://www.fusionfabric.cloud/appathon
For further information please contact:
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 90 of the world’s top 100 banks use Finastra technology.
Please visit finastra.com.
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