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🌕 Money 2020 speaker submission
The Money 20/20 Hackathon drew hundreds of developers to the Venetian hotel in Las Vegas in October. The stakes were high as developers competed for thousands of dollars in cash prizes by demonstrating their ability to create revolutionary payments and Fintech solutions using APIs and SDKs.
“At Symphony Commerce, an e-commerce platform provider, we all work together. The organization encourages developers to participate in hackathons and be innovative. The bulk of the team has been together for three years. We began naming ourselves the “Dream Team” after participating in a few hackathons in SF and winning prizes we only dreamed of at the time. We wanted to take it a step further and participate in our first hackathon outside of the capital, the Money20/20 hackathon.”
“The target audience is the busy professional who wants to save and prepare for the future but doesn’t know how or what choices are open to them,” says the author. Integrating this would make a lot of sense for banks because it would generate transactions and help consumers meet their financial goals.
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The Money 2020 Hackathon, the world’s first fintech hackathon, kicked off on October 24. There were over 500 hackers in attendance from 15 countries, and they had 24 hours to design and create an application using the various APIs provided by the sponsoring companies. We, First Data, were one of the hackathon’s ten sponsors. And our task was straightforward –
First, we built one of the most strong global payment systems in the world. Then we gave you a simple API to use to tap into this capacity. Now it’s your turn to show us what you’ve got. We challenge you to come up with the most innovative way to use First Data’s API.
FirstPick is an effort to address the issue of small-scale retailers and individuals who cannot afford their own delivery fleet being able to receive deliveries. It offers a crowdsourced “Delivery as a Service” model that can be used by small businesses or even individuals who need to deliver a package. This will provide a great deal of convenience by saving time, power, and other resources.
Can you afford to squander $2,000 a year? Each year, Americans waste approximately $165 billion worth of FOOD due to overpurchasing, food spoilage, and failure to maximize the food we buy. We assist in the matching of families that prepare an excessive amount of food with those who need it.
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“Assist Visa in enabling customers, communities, and small businesses to achieve their financial goals through creative solutions. Join us in addressing the issue of financial exclusion. Consider a use case for any of the following categories: cashless solutions, credit, financial education and business skills, and identity verification.”
Developers put the finishing touches on their applications or simply slept at their tables while colleagues worked on Sunday morning at The Venetian’s Marco Polo ballroom. Many wore the blue and gold Visa Developer Squad Hoodie and Visa Developer Blankets. Table tops were decorated with empty Coke cans and pizza boxes.
The overall grand prize was awarded for the second year in a row to one of the top Visa teams that advanced to the Money 2020 hackathon finals (out of 80 top teams). ViSync developed an app to help migrant workers transfer money back to their home country by simplifying and improving the remittance process, including the ability to set controls on how money is spent by the receiver and the ability to allow the receiver to become banked. The APIs Visa Direct and Visa Transaction Controls were used by the team.
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The SilverLogic team won both the top Visa award and the Money 20/20 grand prize at the annual confab for their OmniPark solution, Visa reported on Monday (Oct. 23). As a result of their wins, the team receives a reward package from both organisations, which includes a $40,000 cash portion divided among team members as well as a variety of Visa payment-enabled tech devices ranging from iPhones to Fitbit Ionic wearable devices. The SilverLogic team has also been invited to pitch live at the Money 20/20 Startup City, according to Visa.
The Visa Challenge allowed participants to “mash” Visa APIs with third-party APIs, creating solutions that targeted connected devices and mobile apps under the theme of the “smart city of tomorrow,” according to the organization.
According to Visa, 36 of the 95 teams in the competition used Visa APIs, and the winner, The SilverLogic (which focused on peer-to-peer and merchant sharing of parking spots), used a combination of Visa Direct and Visa Offers Platform APIs to build their software. According to Visa, the OmniPark demonstration used virtual reality.