Bank of Ireland has joined forces with Tsys to host an open data hack, inviting coders to play with payment data sets for the chance to win cash prizes.
With PSD2 in mind, the bank and payments processor are asking hackers, coders and data fans to use anonymised payments data sets to design "innovative customer solutions". Based at Bank of Ireland's new innovation space in Dublin in early April, Outlay 2018 will see participants tackle two challenge categories: business-to-business and consumer.
The winner in each section will win EUR2500 and go on to compete for an additional EUR5000 and the chance to work with the bank and Tsys to turn their idea into a consumer facing proposition.
Stephen Moran, head, research and development, Bank of Ireland, says: "We have three key objectives that we are hoping to get from the initiative; development of innovative customer solutions that we can work with the developers to bring to market, working with non-banking tech experts to problem-solve for customer and create an open innovation ecosystem, looking to the market for the best developers and startsups that we could partner and work with going forward."
Interested individuals and teams can apply to take part in the event here.