Team Cashflow, 2 Others Emerge Winners at First Bank Fintech Summit 2.0

Team Cash Flow led a handful of big winners at the just-concluded First Bank Fintech Summit. The summit which saw a convergence of over 700 Fintech players, stakeholders and tech lovers held on Wednesday at the Oriental Hotels, Lekki Lagos.

Francis Shobo, Deputy Managing Director, First Bank giving the opening speech at the Firstbank FinTech Summit 2.0. Join the conversation at #FirstBankIn2ovate #Hackathon #Youfirst pic.twitter.com/8lOxZos6T5

— FirstBank Nigeria (@FirstBankngr) October 17, 2018

The Fintech Summit 2.0 culminated a three-day event themed: The Future of Banking – The Role of AI and Big Data. The event was generally designed as an avenue to showcase innovations developed by indigenous Nigerian companies. It also as provides a platform for networking and partnership opportunities between the Bank and the Fintech community.

Moments from the @FirstBankngr Fintech summit happening live.. They say your Network determines your Networth!! #FirstBankIn2ovate #Hackathon #youfirst #stormtheyard pic.twitter.com/tc81Zm2xUz

— The Hair Plug (@Msmenalicious) October 17, 2018

Part of the event included a two-day fintech hackathon with a focus on Artificial Intelligence and Big Data. 10 finalists were selected from the hackathon to showcase their technological and artificial intelligence solutions during the summit.

The ideas at the #FirstBankIn2ovate #Hackathon ranged from solutions using A.I and Big Data for Voice Banking, Mobile Cheque Validation and other methods of financial fraud prevention which could be implemented by @FirstBankngr.

So many brilliant minds 👏🏾👏🏾

WATCH BELOW: pic.twitter.com/wpgGkwQPID

— Fisayo Fosudo (@Fosudo) October 12, 2018

After their respective presentations, three teams with the most innovative solutions to challenges in the financial industry through the use of AI and Big Data, were selected as winners. They were: Team Cash flow (1st Position), Team Ace (2nd Postition), and Team CyberSmart (3rd Position), winning N3 million, N2.5 million and N750,000 respectively.

And the winners for the @FirstBankngr #FirstBankIn2ovate #hackathon are:

1. Team CyberSmart – 3rd position wins N750,000
2. Team Ace- 2nd position wins N1.5 Million
3. Team Cash flow 1st position wins N3 Million#FintechSummit2 pic.twitter.com/E9p1xPYmBT

— Nairametrics (@Nairametrics) October 17, 2018

First Bank Fintech Summit 2.0 featured key stakeholders in the Fintech sector which includes: Khadija Abu, Product Partnerships Lead, Paystack; Olayinka David-West, Academic Director, Lagos Business School, Pan African University; Adia Sowho, Managing Director, Mines Nigeria; Akin Banuso, Country General Manager, Microsoft. They served as panelists for the event speaking on the the event’s theme – The Future of Banking – The Role of AI and Big Data.

AI uses the data which has been collected, upgraded and refreshed constantly to generate solutions to problems- Adia Sohwo, MD, Mines Nigeria. Join the conversation at #FirstBankIn2ovate #Hackathon #Youfirst pic.twitter.com/FRWpredHge

— FirstBank Nigeria (@FirstBankngr) October 17, 2018

Dr. Olayinka David-West, Senior Fellow, Lagos Business School; Lola Ekugo, Head, Digital Innovation Lab, FirstBank; Ope Adeoye; Managing Partner 2i Labs. Our panelist at the #FirstBankIn2ovate #Hackathon #Youfirst

— FirstBank Nigeria (@FirstBankngr) October 17, 2018

There were also discussions held by a second panel talking about Fintech and the regulatory challenges in Banks.

Second panel talking about Fintech and the regulatory challenges in Banks.@FirstBankngr #FirstBankIn2ovate #hackathon #FintechSummit2 pic.twitter.com/6d23vk0qW1

— Nairametrics (@Nairametrics) October 17, 2018

The panellists – Khadija Abu of @paystack, @splashbm of @VentureGardenNG, @musaitopa of @cenbank, @NumericPoet, Hakeem Lawal, Tunde Ogungbade of @GlobalAccelerex…#FirstBankIn2ovate #YouFirst pic.twitter.com/QXRUlZ51IP

— Techpoint Africa (@Techpointdotng) October 17, 2018