Launch of the first Financial Technology Hackathon

25 September 2018

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The first phase of the national financial Technology Program, which includes the first Hackathon for financial technology projects, was launched (Ahli Fintech Hackathon) For students of Jordanian universities, within the framework of the cooperation that brings together the Crown Prince Foundation and Al Ahli Financial Technology Company (Ahli Fintech), the arm of the Jordan National Bank for financial technology.

The events are held in eight Jordanian universities, Al Hussein Technical University (HTU), one of the Crown Prince Foundation Initiatives, Jordan, German Jordanian University (GJU), Jordanian University for Science and Technology (JUST), Princess Sumaya University for Technology (PSUT), and Al Ahliyya Amman Private University (APU), as well as the Middle East University (MEU) and Applied Science University (ASU).

The Hackathon is an expression used for any event that brings computer programmers together with a group of trainees for educational or social purposes. In its first phase, the Hackathon includes a comprehensive orientation session on the competition, its work process, goals and stages, as well as a series of theoretical and practical training workshops, which will conclude with five teams from each university to qualify for the second phase of the competition, through which five projects will be selected as a winner of the best and most influential innovative solutions in the field of financial technology.

The winning teams will have the opportunity to participate free of charge in the Al Ahli Business Accelerator, which serves as an incubator for pioneering projects to enhance and accelerate their growth, which is estimated to cost about $30,000. The winners will also have the opportunity to attract investments amounting up to $200,000 to fund the establishment of their startups, as well as the possibility of joining the family of the National Bank of Jordan through Al Ahli Business Accelerator.

The CEO of the Crown Prince Foundation, Dr. Tamam Mango, said that this work partnership falls within CPF’s focus areas of skills, innovation and leadership, , which aims to enhance the capabilities of Jordanian youth in the field of leadership and innovation, which strengthens the role of young people as performers and producers in their communities, and at the level of the country as a whole, as well as will open the way for them to dig into developments in the field of financial technology in line with the requirements of today's advanced technical era in which we live.