LAHORE: The Allied Bank Limited in collaboration with the National Incubation Centre held the Fintech Hackathon 2022 Finale in Lahore on Monday.

The NIC and ABL aimed to find practical innovative solutions, prototypes and disruptive ideas that can transform Fintech, not just in Pakistan, but across the globe through this hackathon.

The following thematic areas were identified to hack solutions in the Fintech space for the hackathon: Innovation in Fintech Banking, Financial Inclusion and Literacy and SME & Startup Banking.

A nation-wide call for application was made, which resulted in over 1100 applications from coders, UI/ UX experts and finance problem-solvers, that covered 53 cities and 26 universities across Pakistan. The final Twelve short listed teams went through a three-day training bootcamp which consisted of 8 hours of mentorship, 7 hours of training followed by 12 hacking hours to help the teams get better equip for their innovation Challenge. A total of six teams were selected for the ABLX NIC Fintech Hackathon Finale, based on their final pitches post the bootcamp.

The event started with the recitation of the holy Quran, followed by a welcome note by Parvez Abbasi, Project Director, NIC. He welcomed all the participants, guests, and judges. The judges include Fatima Mazhar, Advisory board member, COLABS- Mujahid Ali, Chief Information Technology Group, Allied Bank Limited and Sohail Aziz, Chief Digital Officer, Allied Bank Limited.

Copyright Business Recorder, 2022