ASNB, Jewel Digital Ventures launch virtual hackathon

ASNB, Jewel Digital Ventures launch virtual hackathon

  • Co-organised with 1337 Ventures
  • To motivate innovation, fintech software program development

Amanah Saham Lokal Berhad (ASNB), the wholly-owned unit trust management company associated with Permodalan Nasional Berhad (PNB), and Treasure Digital Ventures Sdn. Bhd. (JDV), the particular wholly-owned subsidiary of PNB to spearhead its digital company strategy, launched the joint digital hackathon, Hack-A-Tech 2022.  

Within a joint statement, the companies said this hackathon which is co-organised with 1337 Ventures Sdn Bhd will be kept from Oct 14 to Oct 16, and is aimed at motivating innovation and software program development in financial technologies (fintech).  

The final demonstration day on April 29 will focus specifically on fintech ideation and development, they added.

The Hack-A-Tech 2022 event brings fintech leaders plus technology partners to collaborate with skills from various professions. The challenge is split into two groups namely:

  • Open up Track: Open to developers, item designers, first-time hackathon participants, students, and university or advancement labs to improve or introduce new digital functionalities, features, plus product offerings; and
  • Advanced Track: Open to start-ups interested in integrating plus co-creating new products plus services.

According to chief executive officer and executive director of ASNB Muzzaffar Othman, the Hack-A-Tech event will be an exciting platform for the corporation to encourage and invite strategic relationships or collaboration using the fintech industry.  

“ASNB is proud to play a key role inside the lives of Malaysians seeking to protect and also grow their variety for themselves and foreseeable future generations having been in the profession for more than 40 years.

“We continue to be customer-focused, continuously optimising customer experience with the help of technology that personalises product offerings or perhaps services, ” explained Muzzaffar.

Chief technology official of JDV Azrul Rahim said JDV prioritises innovation at the core of everything it does since it believes in staying ahead of the curve by finding your way through the future.  

“The ecosystem players can be an remarkable trove of knowledge and also the precise product information in how we can produce products or services even better even as promote the development of advanced technologies, ” the person said.

Azrul said investigating concepts, tools as well as approaches to solve complications of all participants and deliver products besides learning from the Hack-A-Tech event is most expected.

Throughout the event, participants have to disrupt the fintech landscape, and the hitting teams stand a chance to win up to US$85, 800 (RM391, 000).  

The top three teams in the Open Track will receive US$2, 196 (RM10, 000), US$1, 098 (RM5, 000), and even US$658 (RM3, 000) respectively.  

Meanwhile, the very best three teams inside the Advanced Track are getting US$10, 900 (RM50, 000), US$2, 196 (RM10, 000), as well as US$1, 098 (RM5, 000) respectively.

Top startups from the Advanced Watch will also be awarded brings of up to US$21, nine hundred (RM100, 000) every to help them further develop their solutions.

Both parties says participants may take part in the Hack-A-Tech 2022 event individually or as part of an organization of two or three musicians.  

They added that will throughout the event, most of participants will learn concerning the state of the fintech landscape through a few topical workshops, ideate using design reasoning, and hack to make a prototype that address a fintech predicament statement.  

Key field leade ASNB, Jewel Digital Ventures launch virtual hackathon rs from the public and sectors will invite office hours as well as mentoring sessions, they said.

Beginning partner of 1337 Ventures, Bikesh Lakhmichand (pic) , said the hackathon is intended to passage the gap involving start-ups and corporate entities in Malaysia.  

“We hope to attract innovative problem solvers which will shake up the economical sector, while moreover encouraging corporates to help tap into disruptive enterprisinggo-getting, gumptious, pioneering, up-and-coming innovation from start-ups or aspiring creators, ” he additional

This Hack-A-Tech 2022 is supported by the Fintech Association of Malaysia (FAOM), Malaysia Online Economy Corporation (MDEC), Microsoft and UNIRAZAK, who will bring major values in assisting startups with synodic, technical and output tools support.  

Involvement in the virtual hackathon is free as well as the closing date suitable for registration is a single October 2022.

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