In line with the core vision of Cornell's newly developed campus in NYC, this event is directly applicable to the digital economy and aims to help students understand the changing landscape in financial services and the opportunities that exist. The event further challenges students to develop solutions in an intensive, limited time frame, while working with a team of students outside their own major. Throughout the event, mentors from industry and academia will coach you. At the conclusion of the hackathon on Sunday, teams will demo their proposed solutions to an audience comprised of students, faculty, staff, alumni, mentors, and judges, both physically present and through live streaming. While the event is a competition, it is also a 'coopetition' and encourages collaboration among all teams.
Technology has transformed the financial sector from generating revenues from fees and interest rates,
to creating profits from the sale of information. Information opportunities exist across financial services. Technology has also enabled the proliferation of online banking, mobile payments, and platforms that make monetary transactions effortless.
What is FinTech?
Financial Technology records every action and transaction whether you pay with debit or credit, wirelessly or electronically, or use customer loyalty cards. Powerful insights can be gleaned from the combined data available about your morning coffee, commute, spending habits, where you live, vacation, how you invest and what you consume.
Three Verticals to Compete In
Next 10M Fintech Mobile Users
Win up to $25,000 in cash, design, and development support*
$5,000 in legal services**
Investor meeting with NYC Investors
~$5,000 in cash & prizes to all others
*Winners will have the opportunity to pitch the CoVenture investment team. Terms of any investment to be based on mutual agreement.
**Wilson Sonsini Goodrich & Rosati will provide grand prize winner of the Fintech Hackathon with a "Start-Up Package that includes initial incorporation services (for a standard Delware incorporation) and covers a variety of legal services valued at $5,000.