Cognizant of the many financial issues and insecurities individuals and businesses are facing amid the COVID-19 crisis, Razer Fintech launches its "first-ever digital hackathon in Singapore." Running from May 15th until May 17th, this challenge empowers Singapore tertiary students, young professionals, and start-ups to put forward solutions to problems that have been "exacerbated by COVID-19."
These problems include but are not limited to the difficulty companies are having with accessing grants and support "in a timely and efficient manner," solutions for businesses who are looking to seamlessly move into the digital space, additional funding options to small and medium-sized enterprises, as well as solutions for underinsured consumers who are not necessarily tech-literate, and more.
Winners with viable banking solutions will be welcomed to operationalize their ideas within Razer Fintech's financial services ecosystem.
Financial Relief-Focused Digital Hackathons
Razer Fintech Orchestrates a Three-Day Hackathon
Trend Themes
1. Financial Relief-focused Digital Hackathons - Opportunities to develop innovative solutions for financial issues and insecurities exacerbated by COVID-19.
2. Timely and Efficient Grant Access - Disruptive innovation opportunities to simplify the process for companies to access grants and support.
3. Seamless Expansion Into the Digital Space - Innovative solutions to help businesses seamlessly transition into the digital realm.
Industry Implications
1. Financial Technology (fintech) - Opportunities for fintech companies to provide innovative financial services and solutions.
2. Start-up Ecosystem - Potential for start-ups to offer disruptive solutions to financial challenges faced during the COVID-19 crisis.
3. Insurance - Innovation opportunities for insurance companies to develop solutions for underinsured consumers who are not tech-literate.