Fintech Hackathon 2022 Presented by NIC

Hackathons are a fantastic approach to get the community involved in solving the micro and macroeconomic issues facing the nation. The NIC has partnered with numerous organizations to focus on a few important economic sectors. To transform Pakistan’s fintech industry, we are teaming up once more with Allied Bank.

“Allied Bank has always been at the forefront of Innovation, and this FinTech Hackathon is another step in the same direction, bringing Pakistan’s brightest minds together to overcome the current challenges in the digital financial industry. Hence, collaborative efforts are required in providing solutions for financial inclusion and empowering the SME, Retail, and Consumer segments.”

Aizid Razzaq Gill, CEO Allied Bank

The National Incubation Center (NIC), the first and largest incubator center in Pakistan, is partnering with Allied Bank (ABL) to hold yet another amazing FinTech Hackathon. You have the opportunity to compete for PKR 1 million in prize money if you are an expert programmer, UI/UX designer, or problem-solver with a passion for fintech.

For the forthcoming hackathon, the following topic areas have been chosen to identify solutions in the Fin-Tech industry:

  1. Innovation in Fintech Banking
  2. Financial Inclusion and Literacy
  3. SME & Startup Banking

The top 3 winners will get cash prizes as well as the chance to network with prominent stakeholders they will need to engage with in order to realistically implement their ideas, such as investors, financial institutions, mentors, and subject experts.

Event’s Goal 

This event’s goal is to identify workable new concepts, prototypes, and solutions to problems in the Fin-Tech sector. The NIC and ABL want to identify innovative ideas that would revolutionize fintech not just in Pakistan but also globally through this hackathon.

Fintech Hackathon 2022

“It fills my heart with pride to see stakeholders in various capacities joining hands with the National Incubation Center in its humble attempt to encourage innovation and build disruptive solutions. Indeed, collaboration is the way forward and the success of events like this proves the power of partnerships in building the ecosystem.” 

Pervaz Abbasi, Director NIC

The significant investment made by banks and companies in technologically based solutions is one of the main drivers of the fintech market’s expansion. Additionally, innovations built on infrastructure and APIs are transforming the financial services sector’s future and fostering the expansion of the global fintech market. By 2025, Pakistan’s digital financial potential is estimated to be at $36 billion, which would increase GDP by 7%, add 4 million new employment, and attract $ 263 billion in new deposits. Young innovators will be required to contribute ideas that can change space and spur widespread use of digital financial services as a result of this.

So, what are you waiting for?

for additional information and to apply visit:
https://nicpakistan.pk/fintechhack22/