July 2018
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www.thesparkng.com<br />
The Spark | Ignite/Connect/Achieve<br />
With collaboration from Access Bank, the objective was to ensure that<br />
shareholders’ value and growth in tomorrow’s complex financial<br />
technology ecosystem can be delivered. Through the hackathon, Access<br />
Bank was ready to create the future now.<br />
As Ade stated, “The unique thing about our hackathon is that we’re not<br />
just solving problems for specific people. We’re solving problems for<br />
specific streams of businesses and industries.”<br />
The participating teams had the privilege of building hands-on solutions<br />
that leveraged application programming interfaces such as Microsoft’s<br />
Azure cloud computing infrastructure, IBM’s Bluemix artificial intelligence<br />
platform and Access Bank’s digital financial services platform.<br />
17 teams participated and created several applications and services<br />
creating a fusion between customers and banking services, with 3 teams<br />
emerging as winners.<br />
The winning team created an app called “Voice It” which activates banking<br />
transactions via voice. By simply tapping a button, customers can speak<br />
into the application and initiate transactions such as bank transfers,<br />
checking account balance, mobile recharge, etc.<br />
The second place team, called Paysense, developed a bot, nicknamed<br />
“Victor”, which provides payment solutions and easy access to financial<br />
advice and uses this information to create customer profiles based on<br />
spending habits. This provides the bank with information needed to make<br />
better financial decisions with respect to giving out loans, and more.<br />
The third place team created a financial assistance app called “Fissit” which<br />
helps users manage money and make payments from any messenger app<br />
– Facebook messenger, SMS or Slack.<br />
Every participant received one month Azure subscription while the winners<br />
received a full year’s worth of Azure, BizSpark and MSDN subscription<br />
worth over $10,000, with one selected team receiving admission into<br />
Africa Fintech Foundry’s 17-week accelerator program worth a $50,000<br />
early stage investment.<br />
//Re:Code Nigeria <strong>2018</strong> - The Biggest Hackathon in Nigeria, Ever.<br />
The second edition of //Re:Code Nigeria Hackathon themed “<strong>2018</strong> Data<br />
Hack” took place between <strong>July</strong> 20th and <strong>July</strong> 22nd, <strong>2018</strong>, and attracted<br />
a new set of innovators and developers with the objective of creating<br />
innovative solutions in response to challenges in some of Nigeria’s<br />
leading sectors such as Fast Moving Consumer Goods, Agriculture and the<br />
Financial Services ecosystem.<br />
Some of these problems include, but not limited to:<br />
• How financial technology can address supply chain challenges (from<br />
finished goods to retail) in the FMCG sector.<br />
• Leveraging big-data analytics, identity management and behavioural<br />
analysis to identify customers’ needs, providing investment advice &<br />
lending services.<br />
• Financial Inclusion for the agricultural and related sectors with a<br />
focus on improving credit scoring and financing opportunities for<br />
small and medium scale operators.<br />
With over 300 registrations, it was great to see young people trying to do<br />
the right thing and build their own businesses, without relying on<br />
government. For Ade, he desires that out of AFF, the next round of people<br />
like Bill Gates, Jeff Bezos, etc. emerge as this will benefit Nigeria specifically,<br />
and Africa as a whole. “Our vision is very big”, he stated.<br />
The <strong>2018</strong> edition was also supported by industry leaders such as Unilever,<br />
DELL, AFEX, Microsoft, IBM, SaS, Hitachi, Coca-Cola, amongst others to<br />
help leverage and create value for the ecosystem.<br />
‘Our partners were extremely pleased with the outcomes and the<br />
usefulness of the solutions that arose from the event and will be rolling<br />
them into their businesses.<br />
Africa Fintech Foundry has an accelerator program that opens its doors to<br />
start-ups with good ideas. They then fine-tune those ideas and help them<br />
grow from start-ups into enterprises that can actually stand on their own<br />
in the market.<br />
Also, through the AFF Disrupt conference, the foundry helps raise<br />
awareness about the importance of technology and building an ecosystem.<br />
It’s like a festival to celebrate, discover the best technical ideas, to inspire<br />
and give people confidence around driving their own innovations.<br />
Start-ups can take advantage of opportunities at Africa Fintech Foundry<br />
by reaching out and applying to be a part of the start-up accelerator<br />
program (www.africafintechfoundry.com). The hackathon is run at<br />
least twice a year and from that, 3 potential cohorts are chosen to go<br />
through an intensive accelerator program for 20 weeks, which helps them<br />
understand how to turn their innovation into successful enterprises by<br />
learning secrets in business and marketing. Mentors come in to teach<br />
about entrepreneurship, projections, finance, legal matters, etc.<br />
There’s still more to come from a bank that makes innovation the<br />
watchword for key business decisions. Tech start-ups can leverage the<br />
resources made available at AFF now and get started in achieving their<br />
dreams, and disrupting the market, one solution at a time.<br />
You can catch up on some of the action from the //Recode Nigeria <strong>2018</strong><br />
Hackathon on Twitter using the hashtag #RecodeNigeria<strong>2018</strong>.<br />
@thesparkng<br />
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