RHB Banking Group’s recently concluded ‘Get Your Hack On’: ASEAN Edition 2023 Hackathon drew more than 400 technology-savvy innovators from five countries across the ASEAN region.
The third third instalment of this hackathon brought together tech talents from universities, corporates and startups to work on specific banking-related problem statements and generate innovative solutions.
The preliminary stage of the hackathon comprised of 89 teams, culminating in the Grand Finals that saw 15 finalists compete for cash prizes and a chance to have their solutions integrated into RHB’s digital offerings.
As part of its digital strategy, RHB targets to achieve more than 95% of transactions digitally by 2024.
“We believe in continuously challenging the status quo in how we seek and create value for our customers. This challenges us to constantly refine our products and services, and re-imagine the role of a universal bank in a highly digitalised banking era.
As we opened up the competition to participants from countries across the ASEAN region, we saw a larger diversity of ideas being generated, with impressive solution prototypes that we are excited to add to our innovation backlog at RHB, for further market testing and validation,”
said Ryan Teoh, Group Chief Strategy & Innovation Officer, RHB Banking Group.
Featured image: (From left to right) Inbaraj Suppiah, JomHack; Ganesh Mahendranathan, Head of Innovation, RHB Banking Group; Ruslena Ramli, Director of Digital Finance and Islamic Digital Economy, Malaysia Digital Economy Corporation (MDEC); Norman Vanhaecke, Acting Chief Executive Officer, Cradle Fund; and Dev Raaj Shanmugam, Chief Digital Officer, RHB Banking Group.
