In the first global hackathon devoted to the banking industry of South Korea, the JB Financial Group, 2e & TESOBE/Open Bank Project are proud to announce the BiSang hackathon (‘Quantum Leap’ in Korean) aimed at global start-ups, developers and individuals.
The intention of the hackathon is to find new partners to collaborate with JBFG in providing innovative services and technologies to the financial and banking worlds. In a previous hackathon in 2015, JBFG built a new business model for collaboration with winners PeopleFund. JBFG opened their core banking systems to the winners and the resulting interface and subsequent developments received approval from the Korean Financial Services Commission Institution and led to a patented business model.
Aiming for equally spectacular results this time around, JBFG offer significant prizes and opportunities, with the intention of creating an ongoing business relationship with the winners. Winners will gain the opportunity to expand their business presence in Asia, including South Korea, Cambodia, Vietnam and Myanmar, by signing a MOU with JB Financial Group. JBFG has partnered with 2e & the Open Bank Project to deliver this global initiative. Startups will use the JBFG Open Bank Project API sandbox to demonstrate their Apps.
The hackathon has two parts:
• Online hackathon: the first part is online, opening on October 1st and closing on October 20th 2016.
• Hackathon Final: from the online entries, selected finalists will be invited in person to present their innovative ideas to senior bank management in Yeoksamdong, South Korea, between November 28 30th 2016.