The Royal Bank of Scotland (RBS) in partnership with Google Cloud Platform and Intel are set to host a 48-hour Fintech Hackathon in Israel from November 15th to the 17th. The event will be taking place at the fintech accelerator dedicated to connecting Israeli startups with global financial markets – The Floor – located inside the Tel Aviv Stock Exchange building.
During the RBS Fintackathon, the bank’s team will set out various challenges and give entrepreneurs from Israel the opportunity to shape, design and build solutions for one of the UK’s largest financial institutions.
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The RBS notes that people with ideas from all over fintech world are encouraged to participate. Challenges will be clustered in several technology themes including: mobile and digital, payments, lending and funding, cyber security, data and analytics, and more.
This event will run during Global Entrepreneurship Week 2016, when an estimated 10 million entrepreneurs across the world will participate in a wide range of events being held in 160 countries.
The Floor, which was founded in early 2016, has enlisted the support of institutions such as Banco Santander, HSBC, Intesa and Sanpaolo, to offer fintech entrepreneurs and start-ups a platform to collaborate with financial institutions, technology companies and venture capitalists. Back in June we reported that Accenture became the latest institution to join the project. As a member of the hub, Accenture evaluates potential innovations for its clients and its own strategic investments as well as offering its executives to serve as mentors for start-ups.