“FinTech” is the latest buzzword in the financial ecosystem. It is the short form of “Financial Technology”. The FinTech industry consists of a breed of companies (startups and established), harnessing innovation and technology to optimise/disrupt the delivery of financial services.
The MIT Sloan FinTech club is set for its first FinTech hackathon on Feb. 24–26, 2017. It promises to be a “gathering of interdisciplinary team of students and young professionals” who would develop innovative products that would be implemented by the sponsors – TDBank, Citi Ventures and Prudential, Even Financial. A grand prize of $5,000 awaits the team that develops a winning solution within the 30-hour duration. Other prizes, including a drone will be up for grabs.
Photo credit: MIT FinTech