K&H Innovathon May 18th
- registration period: April 2nd–May 2nd
- more than 4 500 000 HUF in prizes (15 000 €)
- challenges around PSD2 and Open Banking
For every challenge, you will need to demo a prototype of your idea, so please bear in mind that development capabilities are needed for this event. If you already have a product, we are still interested how that product can fit in above topics and aligned to the K&H image, meanwhile exploiting the potentials in our APIs.
In case you lack development capabilities, please indicate that in the registration form, you can still compete for the best UX idea that fits K&H image, however please note, a main selection criteria will be a potential demo of a prototype.
The challenges will compete with each other and 3 prizes will be handed out.
- 1 500 000 HUF (cca. 5 000 €) + fast track incubation at Start it @K&H
- 1 000 000 HUF (cca. 3 000 €)
- 500 000 HUF (cca. 1 500 €)
K&H and VISA will both have one special award which are:
- Special Award: The best UX product, that preferably fits the K&H image most: 500 000 HUF (cca. 1 500 €)
- VISA Special award: 1 000 000 HUF (cca. 3 000 €)
From the 2nd of April till the 2nd of May, we run a 1-month idea submission period, during which you can submit your ideas/products and we warmly recommend to send us also some business related extensions e.g.:
- why is it good for the customer
- why is it good for the bank
- business plan
- implementation requirements
We will select the 15 most promising teams to the finals, give access to our API environment and let the selected finalists work on their idea for 2 more weeks with access to the APIs. On 18th May, before noon finalists will meet with K&H business and IT experts and get feedback on their progress. During the afternoon we will let you work, code and do a last fine-tune -based on the feedbacks- your final application. The jury of C-level and Operative directors of K&H Group and our partners will decide the winners.
We are looking for developers, designers, business gurus and innovators. Although nothing can stop innovation, we want teams/companies to register. Cooperating with a big corporate can be sometimes tricky. Therefore during the 2 week period we encourage the finalists to not only work on the product, but also on an action-plan how an implementation of the solution in the daily life of K&H would look like, and what is the underlying business case.
1. cash is king in Hungary! Incentivize people with your solution to use electronic channels
2. “I’m mobile” – How can you get the most out of PSD2 & VISA APIs?
3. business banking: facilitate corporate banking with your solution
4. K&H as a banking platform
what is an innovathon? | Innovation + Marathon = Innovathon |
what is PSD2 and Open Banking?
PSD2 is a new EU directive, that will let so called certified Third Party Provider get access to customer’s account information and payment initiation. Open Banking is a step further on that road, where banks provide more data via a secure connection and build products on top of that.
how can I participate on the innovathon?
what if I have an excellent idea, but there are 15 even better idea or products?
do I have to know how to code to join?
where is this going to take place?
why should I join the innovathon?
Here are some benefits:
- More than 4 500 000 HUF (15 000 €) in cash prizes
- A chance to work with a market leader bank group and its partners like VISA
- The winner gets a fast track to Start it @K&H incubator with 20 000$ Google Cloud Credit
- A true challenge of your skills and ideas in the business world
- Turn your knowledge into a concrete and innovative product/service.
- You will have a chance to get your idea/product implemented in the daily life of an international bank group
will finalist teams receive help with their projects?
how does judging work?
is the VISA challenge separate?
will each challenge have a separate winner?
if I win, do I get the prizes in HUF of EUR?
do I need to sign up for a specific challenge?
what equipment will I need for the innovathon?
is this an overnight innovathon?
will meals be provided and are they free?
can I use third party APIs?
how can I access the VISA APIs?
am I allowed to use VISA APIs only for the VISA partnered challenge?
how can I access your APIs?
what APIs will be available?
what is Visa Developer Platform and how i can access the APIs via it?
The Visa Developer Platform is an open platform. Developers can go to developer.visa.com and sign-up for access – once they have an account they can explore APIs and test in sandbox with sample code right away:
CEO K&H Bank
Head of Operations, IT and Products K&H Bank
Head of Digital Channels K&H Bank
Strategy Director K&H Bank
Head of Accounts and Card Products K&H Bank
Senior Manager VISA