The China Post
Date: November 21, 2016
By: The China Post
By Joseph Yeh–Six groups of startup teams and college students won top prizes at the 2016 DBS
Taiwan Hackathon on Sunday, based on their innovative financial solutions, according to DBS Bank (Taiwan).
The top six teams stood out among a record 200 challengers who signed up for the three-day annual competition, which was first launched in 2015.
The top three winning teams received prize money amounting to NT$150,000, NT$100,000 and NT$60,000.
The fourth to sixth place winners each received NT$30,000 in prize money.
Hackathons are an increasingly popular method for finding new solutions to old problems in the tech industry.
During a hackathon, creative talent collaborate to solve a problem before a tight deadline.
Hackathons can test and cultivate rapport and problem-solving skills of team members under strict time constraints.
The teams must work together to devise innovative financial solutions within a very limited timeframe, according to DBS Bank (Taiwan).
Speaking during the awards ceremony, Jerry Chen (陳亮丞), general manager of DBS Bank (Taiwan), said digitization is sweeping like a tsunami through the global financial industry. [FULL STORY]