BoC Fintech Hackathon 5.0 showcases innovative ideas and solutions
The BoC Fintech Hackathon 5.0 was held successfully at the IDEA Innovation Centre over October 18-20, 2024.
The number of registrations exceeded all expectations, with over 200 people and more than 25 teams taking part. In the end, 18 teams presented their applications on Sunday afternoon.
This was the fifth marathon for the development of innovative applications in the field of financial transactions (#fintech) held on the island by Bank of Cyprus. During the three-day marathon, participating teams developed innovative applications related to the thematic areas of the Hackathon and great ideas and solutions emerged.
The BoC Fintech Hackathon 5.0 commenced on Friday, October 18th, with the Kick Off Meeting, whereby participants learned the process they were to follow, as well as all the resources and tools available to them. Together with 25 mentors, teams worked on the implementation of their ideas, using new IT technologies, Jinius APIs BoC APIs and BoC SDK, over the three-day period.
Winners:
First place and 5.000 euros go to Moctezuma: Real Time Utilised Real Estate Tokenisation and buy-sell process system
Second place and 3.000 euros each go to the following two teams: Electra and Vasilkoff
Electra: The app combines real-time energy monitoring, making data available for the customers via comprehensive dashboards and BoC payment API integration, automating energy payments.
Vasilkoff: AI-Powered Instant Loan Approval in one-minute chat or voice, with customisable white-labelling for banks and retailers to enhance their brand and customer experience.
Third place and 2.000 euros go to Pockit: an intelligent AI assistant designed to help you manage your savings effortlessly.
Best Use of Jinius APIs Award and 2.000 euros go to Memoirme: a SaaS that helps families and individuals celebrate the life of their loved ones through digital memoirs.
Awards from our Partners:
Cyta Business: Cyta Business powered the BOC hackathon with cutting-edge 50G-PON Hyperfast Broadband Internet infrastructure, delivering speeds of up to 30Gbps.
University of Nicosia: a scholarship was given to first-placed team Moctezuma.
Cyens: Two dedicated seats at the CYENS TechHub, a cutting-edge co-working space tailored for startups, located in the vibrant centre of Nicosia, were given to team Electra.
C4E: The Center 4 Entrepreneurship award was given to Electra.
Microsoft: All teams were awarded Azure Credits.
Kyndryl: Five hours of mentorship on Security went to Memoirme and Pick The Bank
Pick The Bank: a functionality enabling BoC to embed financial products offered by other financial institutions into BoC online banking.
BoC Fintech Hackathon 5.0 was a great fintech experience that we are looking forward to reliving. See you next year!
Special thanks to our partners:
The BoC Fintech Hackathon 5.0 took place with organisational and technical support offered by Crowdpolicy, as well as the consulting support of Greek Fintech Cluster.
Referral links:
- Site: www.bochackathon.com
- Facebook Page: https://www.facebook.com/bochackathon/