Bank of Maldives has begun its Innovation Lab Hackathon on 14th October 2022 at Hotel Jen with over 30 participants.
The Hackathon is held under the theme of developing ‘Banking Solutions to Enhance Customer Experience’. Individuals and teams registered for the 48-hour hackathon will develop innovative fintech ideas and solutions to enhance customer experience and operational excellence.
Three winning teams will be selected to go into the Bank’s Innovation Lab to develop their winning ideas over a period of 6 months. The Bank and the winner will mutually agree for the cost of the solution and will provide:
- A furnished private working space to use as an office
- Monthly allowance of MVR 20,000 for each team
- Long-term maintenance contract of the developed solution
Winning teams will be announced on 16th October 2022.