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Societe Generale to hold fintech hackathon in HK

French multinational bank Societe Generale is teaming up with WHub to host a 36-hour fintech hackathon in Hong Kong, with one of the stated goals of promoting innovation and the development of Hong Kong’s fintech ecosystem.

Organizers say the FinHACK will take place from July 7-9 2017 at Campfire Creative, a co-working space in Wong Chuk Hang.

Participants including university students, entrepreneurs, coders and developers will work together over a 36-hour window to come up with and develop new ideas around four main themes: Blockchain; artificial intelligence (AI) and chat bots; big data; and regtech, insuretech and wealthtech.

While the bank has executed over 10 hackathons globally, including Catalyst in India, since 2014, this is its first such activity in Hong Kong.

The winning team will receive cash prize, the opportunity to bring their ideas to life, and some of them may also receive opportunities to join Societe Generale.

“Digital transformation has reshaped how the financial industry operates while also enriching the client experience,” Societe Generale APAC CIO Charles Gillet said.

FinHACK is testimony to new technologies and innovation, as well as a strong team spirit, which is at the heart of everything we do. Hong Kong is a vibrant city full of creative minds, we look forward to collaborating with the participants and co-creating innovative ideas at the hackathon.”

Founded by Karen Farzam as a digital support system for startup people to connect to share ideas and find employment, WHub claims to provide privileged access to the ecosystem for any interested stakeholder.

In addition to shared passion for promoting innovation and the development of the Fintech ecosystem, SocGen says WHub’s online community of more than 1,400 startups and experience in running tech-related events are value propositions that drew the bank to work with the organization.

Online registration closes on July 3, 2017.

For 2017, the bank confirmed it has planned two fintech-related events jointly with WHub in Hong Kong.

First published in Fintech Innovation