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Access Bank, Africa Fintech Foundry set to hold ‘Code Nigeria Hackathon 2018’

Relying on the success of the first edition of its Fintech conference, AFF Disrupt 2017, Access Bank and Africa Fintech Foundry (AFF) have reached advanced stage in planning the hosting of Code Nigeria Hackathon 2018 known as AFF Disrupt 2018.

Lead organizers of Africa Fintech Foundry and Access Bank in a statement, noted that the event coming with the theme; ‘2018 Data Hack’, is billed to hold at the AFF Building – 1216, Ibiyinka Olorunbe Close, Victoria Island, Lagos, Nigeria soon.

The final day of the Hackathon will see the developers demonstrate the prototypes they’ve created to a panel of judges who then select the winners and the runners up. The winners stand chances of walking home with gifts worth N5,000,000

A statement issued by the organizers said “The overarching objective of this edition is to create innovative solutions in response to the distinct challenges faced in some of Nigeria’s leading sectors –Fast Moving Consumer Goods, Agriculture and the Financial Services ecosystem as a whole”.

“Buoyed by the support of industry giants like such as Unilever, Dell, AFEX, Microsoft, IBM, SaS and the likes, the //Re:Code Hackathon take on some of the biggest challenges in the ecosystem which include; but not limited to: How financial technology can address supply chain challenges (from finished goods to retail) in the FMCG sector; Leveraging big-data analytics, identity management and behavioural analysis to identify customers’ needs, providing investment advice & lending services; and Financial Inclusion for the agricultural and related sectors with a focus on improving credit scoring and financing opportunities for small and medium scale operators.

Business Hilights also gathered that “Code Nigeria Hackathon 2018 aims to bring together multiple teams of talented developers, designers, problem-solvers, out-of-the-box thinkers, dreamers, doers, makers, and code magicians to solve these problems”.

Explaining more, AFF’s Business and Digital Solutions Architect, Adeleke Adekoya believes the 2018 edition will be far greater than its predecessor, saying “AFF remains fully committed to being at the forefront of the Fintech space in Nigeria and this edition of //Re:Code Nigeria Hackathon sets out  to solve three (3) of the biggest challenges the Ecosystem is facing today”. “We have received enormous support from our partners and with the technology available for participants to explore and leverage, we strongly believe the prototypes from the Hackathon will be of the highest standard”.

Continuing, he stressed that “the 2017 edition was great but I can assure you that the 2018 edition will take the Hackathon further in the global Fintech space”.

This comment was backed by Ade Bajomo, Executive Director, Access Bank Plc who also highlighted the importance of Fintech in the financial sector, agreeing that “The coming of the Digital Age and its consequent disruptive influences is driving traditional financial services providers to either adapt or become obsolete”.

“Only operators that understand the new demands of the market, leverage the emerging technologies, agile business practices, personalised customer preferences and work in partnership with Fintechs can continually adjust to market realities and deliver products that can satisfy the ever growing needs of customers”.

He added that “!Access Bank’s partnership with Africa Fintech Foundry solidifies our position as the  “Digitally-led” bank and the solutions the //Re:Code Hackathon 2018 will bring to light will help drive better industry insights for the sectors and financial services providers”.