The new area of fintech was discovered at Garage48 Baltic Open Banking Hackathon
Garage48 Baltic Open Banking hackathon kicked off on Friday, February 16th at the SEB Innovation Center with a total of 157 participants from Estonia, Latvia and Lithuania, all eager to challenge fintech as we know it! What a great way to celebrate the 100th birthday of Lithuania!
33 ideas were presented and by the end of the evening 16 teams started the hard work of developing their ideas.
Check out the 16 ideas which attracted a team of at least 4 people and got accepted by the merciless host Priit Salumaa :
1. North Trend
We are providing a smart way for investing in cryptoassets. We are creating an index fund and an investment management service which could be used through an user's bank account.
We help managers handle invoices, payments, budgets, and cash flows in one place and in real-time.
Teach children the value of money, managing and saving it.4.Billord
Hassle-free bill payment! We automatically extract invoices from your e-mail into our mobile app and allow you to pay the bills in one swipe.
Rewired provides simple and cheap bank link payments. Two clicks. No hassle.
AI powered supply network management system on machine learning, smart contracts and open bank API's.
Product will actually give the opportunity for small and medium companies to take advantage of real-time economy amazing benefits in one place.
Paytailor is enabling payments between merchant and user with bank accounts, which they already have and devices which they already have. During the hackaton, we are adding option to pay straight from SEB bank account.9. Cashflow Doctor
Invoice financing tool analyzing bank statements and do future projections.
10. Smart Lender
Be smart, do not overpay for your home loan. Change your current lender to one which offers better terms, conditions and price.
Platform helping to make ideas and projects attractive for banks without any efforts.
12. Pay Master
Paymaster is proposing an automated accounting solution seamlessly integrated with Open Banking APIs to automate tasks that are performed by accountants daily.
Smart cashflow analysis for the Baltics.14. Data Me
Data Sharing Platform, that helps people to get access to the financial data.
15. Angry Bills
Our team is eager to revolutionise the process of work-related expense reimbursement.
Never go broke again and achieve financial freedom.