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Six undertakes hackathon talent challenge for new fintech incubator

20 March 2015  |  9307 views  |  2 Innovation

Swiss financial infrastructure provider SIX Group is running a weekend hackathon with a view to acquiring new talent ahead of the launch of a fintech incubator in May.

The 48-hour hackathon in Zurich will challenge teams of developers to come up with inspirations around the use of Big Data in fintech and payments.

SIX has yet to announce prizes for winning applicants, but says it is on the look-out for new talent: "Depending on your background, successful Hackathon participants could be offered a permanent position or a traineeship at SIX."

The group is currently in the midst of a major IT overhaul programme, removing technology responsibility from individual business units to create a centralised IT organisation.

Group CEO Urs Rüegsegger, says: "We aim to boost the competitiveness of the Swiss financial centre not only through economies of scale, but increasingly through innovation, too. In addition, we intend to go on investing in staff development and trying to recruit more younger employees, increase the number of women in top management and achieve greater international diversity among our staff."

The launch of the incubator will be a key part of the revitalisation effort as the group complements its internal innovation programme by nurturing contacts and talent at promising third party startups.

KeywordsBIG DATA

Comments: (2)

A Finextra member
A Finextra member | 20 March, 2015, 12:47

My mother always wanted me to get a job in a bank and I love hackathons,

but much prefer a cash prize than a "job(or trainee) as a prize" with SIX.

What planet are these guys on exactly....a hacker/devloper/engineer that has the mind set to build the disruptive/innovative technology that they are hoping for will never take a job with a bank in a million years.

Their best option is to invest a seed round in a tiny 5-6 person FinTech startup(5-10 million should do it) with an option to buy out the founders at some stage down the road for an agreed price.

This is where disruptive technologies are born, not in a bank's IT department.

Its not as if they don't have the cash is it ;). 

http://www.bbc.com/news/business-30016007

 

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A Finextra member
A Finextra member | 20 March, 2015, 13:23

Will there be frienship bracelets ? 

http://fortune.com/2015/03/19/how-goldman-sachs-does-sxsw/

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