Zeta Hacks

New innovations in FinTech are allowing financial institutions to serve customers in novel and unexpected ways. This industry has already experienced many changes and disruptions caused by FinTechs. Technologies such as mobile banking, mobile payment, and biometrics have changed how many consumers interact with their banks and financial institutions every day. These digital fintech enhancements are creating more positive consumer experiences. Even the established banks are seeking to partner with FinTech startups to reinvent their business models to experiment with automation, predictive analytics, new delivery platforms, digital-only banking, blockchain and more to provide higher quality services at lower price points.

If you can build new and innovative financial solutions, while building a cyber fort knox, then Fintech needs you. Let’s utilise the cutting-edge technologies to make positive and meaningful impacts on the relationship between consumers and financial institutions. You need to design and build unique solutions and products for the hackathon for the Fintech Industry.

Examples

• Family budget calculator: To provide a mechanism for a family to share the account amongst all members and set up transaction limits.
• Employee and payroll management: Set up a corporation and provide a salary disbursement mechanism for all of their employees.
• Split the bill: allowing friends to pool the funds and spend.
• Secured payment: How can you design payment flows to improve payments UX to reduce fraud and make customers more aware and secure?
• JIT Funding: build a real-time loan disbursement app to fund the loan applicants real-time basis their solvency
• Account Payables/Account receivables: build a khatabook for SMEs to track their account payables and account receivables and also allow the SMEs to settle funds
• Loyalty/Rewards - build a pluggable earn-and-burn loyalty engine that would accrue rewards basis the user spends. The user could use these rewards to avail offers from partners (think Swiggy, Diners Black rewards portal, etc.)
• Fusion Marketplace: Build a marketplace for Fusion where third-party developers can contribute their APIs along with their use cases. These APIs once approved could directly be drafted into Fusion along with an associated royalty
• Bulk Disbursements/Collection: A number of corporates have a use case for bulk disbursements/collections for example schools that want to collect student fees. Use Fusion to solve for such use cases
• Financial literacy for children: Build an app that would allow parents to teach their children to sound financial practices.
• 10 Goal-based savings/investment: Round up user spends to the nearest ₹10 and save the money in either some goal-based pockets or invest them further in MFs, Vests, etc.
• Money lending, trading, money/risk management, wearable opportunities in Fintech, gamifying the payment app, building banking applications for children, or any other idea that excites you!