BNP Paribas hosted its second International
Hackathon in June, a global event simultaneously held in eight countries, where
fintech firms competed to create solutions around the theme, “Streamlining the customer
journey through co-creation with startups”.
In San Francisco, London, Paris, Brussels, Rome,
Berlin, Warsaw and Istanbul, the Hackthon comprised 96 startups and businesses
from across the BNP Paribas Group, including Retail to Corporate &
Institutional Banking (CIB), which combined the agility of tech startups with
the insights and resources of an established and progressive banking group. CIB
proposed two client challenges: “I want BNP Paribas to help me get a
consolidated view on my portfolio, and simulate investment scenarios to make
optimal portfolio decisions”; and “I would like BNP Paribas to give me the
online tools to help me make the right financial decision for my business”. The
competitors worked throughout the weekend of 17-19 June to develop and pitch a
solution to a jury comprising BNP Paribas managers and fintech experts.
The event culminated in 18 startups being selected
to develop their projects during the next ‘Digital Bootcamp’ stage. After
the final pitch in December, the winner will retain the intellectual property
to the solution, which underlines the spirit of true collaboration between banks
and fintech.
This event underscores our ambition to remain at the
forefront of the industry and our ongoing digital transformation – and reinforces
our long-term commitment to work with startups to bring new solutions our
clients.
