This is the first prize in this year’s Appathon of the group – the online competition for financial services developers

Developers from all over Europe can apply with a project until July 13th; the top 10 developers will present their ideas in Milan on July 20th.

The best idea in this year’s Appathon – the competition of UniCredit for development of innovations in mobile banking – will receive the first prize, which amounts to EUR 50,000, and support in the realization of the project.

Participants from all over Europe can apply until July 13th at www.unicredit-appathon.com. Appathon is suitable for individual financial technology developers, but startups can apply, too.

The second prize in Appathon is 2 tickets for the global conference on financial technologies and innovations Finovate, which will take place in London in February 2017.

The third prize is a Virtual Reality headset.

UniCredit launched the Appathon three years ago. This is the first edition for which the application procedure is entirely online, so that participants from all over Europe, including Bulgaria, can have access to it.

This year the competitors for the first prize have three subjects to address: (1) applications for new services in relation to the Payment Services Directive (PSD2), (2) suggestions for new functionalities of the digital wallet “Monhey”, which UniCredit offers to its clients in Italy, (3) fast financial solutions for everyday life (moment-based insights).

10 teams will be chosen to present their applications in Milan on July 20th.

The participants in the programming competition will compete in the creation of the best applications which would be successfully integrated in current technology trends, including biometric data, mobile wallets and payments, artificial intelligence and banking via the social media.

In order to take part in the programming competition the participants have to present an application based on The Open Bank Project API (programming interface), developed by the Berlin-based software company TESOBE Ltd / Open Bank.

The competition took place in a controlled environment, using a test database simulating real-life situations.

”The Open Bank Project enables innovation to happen in faster and unexpected ways. Innovative entrepreneurs and developers can contribute to the development of new solutions which would lead to secure and fast services. We are thrilled to be working with UniCredit, a banking group that is clearly serious about partnering with outside start-ups and innovators across the globe”, said Simon Redfern, CEO of TESOBE and founder of the Open Bank Project.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Mara Bareva, Phone: +359 2 9264 963 , nbsb/cbsfwbAvojdsfejuhspvq/ch

Beatris Nikolova, Phone: +359 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch