The NIC (National Incubation Centre) has announced to hold a hackathon on Fintech titled “Hacktivate 4.0”, which will be conducted on the 10th and 11th of April 2021.
According to the details, the two-day event aims to discover practical solutions for the challenges faced by the financial sector in Pakistan and expand the implementation of technology in Finance by fostering innovation and collaboration.
The Hackathon will circle 7 thematic areas, including the following:
3. Asset Management
4. Cross-industry Propositions
5. Digital Infrastructure Financing
6. Alternate Funding Channels
7. Green Finance
Those wishing to participate in the Hackathon can apply here.
The Fintech industry in Pakistan has been rapidly expanding, with local and foreign venture capitalists increasingly investing in startups and payment solutions. Government agencies such as the National Incubation Center (NIC), Pakistan Software Export Board (PSEB), and National Information Technology Board (NITB), as well as public-private partnerships, have all made important contributions in this regard.
Despite the impressive growth of local payment solutions developed in partnership between banks, startups, and the government, the vacuum left by the absence of global payment gateways like PayPal and Stripe has yet to be filled.