With the increased demand of innovation, banks and Financial Institutions are obliged to use disruptive technologies to innovate faster and build stronger solutions more rapidly. At Virtusa xLabs we can providing our Open Innovation Platform to utilize crowd intelligence by running hackathons among your employees, partners and talented hackers to prototype and demonstrate newer capabilities or solutions for your organization. Within a span of 2 weeks we provide a white-labelled Open Innovation Platform with several key functionalities. The focus of the hackathon may vary with themes such as regulatory compliance, Open Banking, payments or customer data insights, and participants from white-listed domains can self-register onto the platform. An API store with pre-loaded third party APIs as per the chosen theme and SmartBank APIs provide quick plug and play functionality.
Dashboard analytics is available to identify API health and usage during the hackathon. A Wiki with all relevant information on different APIs along with the rules and regulations can be found on the platform for platform assistance. In addition, our 24-hour offshore support team is available for assistance through our collaborative Slack channels.
Just email firstname.lastname@example.org with your details to reserve the Open Innovation Platform for your hackathon.
“Virtusa’s Open Innovation Platform was successfully utilized during a month-long global innovation programme conducted amongst our developers in Hong Kong, India, the UK, Canada and the US to help showcase new ideas for HSBC. It was invaluable for us in testing new ideas and rapidly creating MVPs. It helped our developers learn about the open banking API standards and put them into practice. We have experimented with half a billion transactions of synthetic data and numerous FinTech APIs to convert new innovative ideas into MVPs in a productive way”.