Vienna, 8 June 2017 – As part of the “PSD2 and beyond” bankathon, BAWAG P.S.K. took another step forward in the expansion of its digital offerings with the Retail Innovation Challenge and awarded Handcheque with the BAWAG P.S.K. Retail Innovation Award.
The bankathon was held in Vienna for the first time from 29 to 31 May 2017 under the motto of “PSD2 and beyond” and featured a programming competition focused on the topic of “the banking of the future”. BAWAG P.S.K. was a diamond sponsor of the three-day event in which a total of 89 programmers participated. BAWAG P.S.K. announced a retail innovation challenge in which the 24 teams developed innovative solutions for current and future challenges in digital banking. BAWAG P.S.K. supplied an application programming interface (API) so the teams could create realistic prototypes.
The Austrian start-up Handcheque, which turned innovative idea about a real-time suggestion system for customers into a prototype, was honoured by the jury with the BAWAG P.S.K. Retail Innovation Award. “Many teams showed creative ideas, but Handcheque impressed with its innovative technology after a 30-hour programming marathon,“ concluded Markus Gremmel, Head of Marketing & Products at BAWAG P.S.K., who was also pleased to see that practically all of the prototypes focused on the needs of the customer. “For the bank, the event that was organized by Figo and Intrabase was a great opportunity to further expand its FinTech cooperation activities and to meet dedicated, creative programmers,” said Astrid Zöchling, Head of Digital Strategy & Big Data, enthusiastically after the final presentations.
BAWAG Group Communications
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