FinLeap and Deutsche Bank launch their first fintech hackathon for women only: "Texx Factor"
Berlin, April 10, 2018. FinLeap and Deutsche Bank are organizing a first joint hackathon for women only. It takes place under the name "Texx Factor" on April 11th and 12th, 2018 at Fintech Hub H: 32 (Hardenbergstraße 32, Berlin-Charlottenburg). The goal of the hackathon is to bring together women with diverse technology, product or entrepreneurial skills and open career paths into the tech and financial industries. The best three ideas are awarded with different prizes.
The challenge for Texx Factor is to develop a solution for women, by women: It should help women to understand and plan for various financial situations, from starting their careers or a family, to getting back to work or entering retirement. Why is this needed? Especially topics such as financial planning, investment opportunities and pensions are traditionally often neglected by women, and at the same time, appropriate solutions and products are usually developed by men.
During the two-day hackathon, the participants will have the opportunity to network with one another, as well as with experts from banks, fintech companies and entrepreneurs. Interested participants can register either individually or as a team, viewers are also welcome when registering via eventbrite. Places will be allocated upon receipt of the registrations.
About the procedure:
The first day starts with a joint introduction and the formation of the groups. After a lunch, programming commences and continues until midnight. The second day begins with another piece of programming, then in the afternoon the teams will present their ideas to a top-class jury of tech and financial decision-makers and the audience. The jury will choose and award the three best ideas. In the evening, all participants come together again in a relaxed atmosphere to socialise, network and reflect on the experience.
About the prizes:
First place will receive prize money of € 3,000, a day at the Deutsche Bank Innovation Lab and financial coaching by experts from Deutsche Vermögensberatung AG (DVAG). In second place, participants will win a day ticket to the code_n festival, DVAG financial coaching and a half-day prototype development seminar at Creative Construction Heroes in Berlin. Third place prize includes the half-day prototyping seminar at Creative Construction Heroes and DVAG Financial Coaching.
About the technology support:
Deutsche Bank provides participants with their own "Application Programming Interface" (API). Through this interface, the data of Deutsche Bank customers can be used, with their consent, to help develop the app product.
The software company innosabi supports the participants of the hackathon as a technology partner with the "supercharger" - a software that allows participants to directly obtain feedback from outsiders and ideas via the innosabi crowd platform in the shortest possible time.
The Berlin-based FinLeap GmbH is a company builder for fintech companies. Founded in 2014 by HitFox Group and Ramin Niroumand, FinLeap has already developed 14 ventures with its technical infrastructure and has made the market entry possible. These include B2B companies such as solarisBank, the first banking platform with a full banking license, FinReach an account switching service provider, and B2C companies such as Clark, a digital insurance broker. FinLeap provides access to 0.5 to 5 million euros of seed capital, a network of investors and experienced entrepreneurs, as well as clients and top talent. FinLeap and its ventures employ a total of around 600 employees from over 40 nations.
About Deutsche Bank:
Deutsche Bank offers a wide range of financial services - from payment transactions and lending to investment advice and asset management to all forms of capital market business. Its clients include residential, medium-sized, corporate, public and institutional investors. Deutsche Bank is Germany's leading bank. It has a strong market position in Europe and is significantly represented in America and the Asia-Pacific region.
Press contact FinLeap:
Head of Communications