Stanbic Bank Ghana has launched the Stanbic Money App Challenge; a national mobile app development competition aimed at engaging talented mobile app developers and teams all over Ghana, with the intention of creating innovative financial education tools that can help users better understand how to manage their money and achieve their financial goals.
The Stanbic Money App Challenge was launched at the Stanbic Height at Airport City with three Challenge Verticals namely; Financial Literacy, Financial Education and Personal Finance Management.
The submissions would be opened on March 28, 2016 for only apps related to the challenge verticals.
Each submissions shall be evaluated and winners would be determined by the following criteria; Conformity with Financial Literacy/Financial Education, Creativity and originality of solution, viability of the concept to be built and published as a usable mobile app, and thoroughness of the submitted materials in compliance with contest rules, guidelines and requirements.
Speaking on the objective of the Challenge, Mr Mawuko Afadzinu, Head of Marketing and Communications at Stanbic Bank Ghana said, “What we seek to do is to throw a challenge to all the very clever and brilliant people we have in Ghana. All the young men and women who are so talented, we are asking them to enter this challenge. It’s an opportunity and it could be the path to greatness for so many people.”
“Ultimately, our objective is to be able to generate a lot of applications that we will buy from the developers and put them out in the public for people to use all in the bid to encourage people to do the right thing so far as their finances are concerned.”
Mr. Alhassan Andani, MD – Stanbic Bank Ghana said, “This App is really to enable banks to become technology banks.”
Before launching the Challenge, Africa’s finest business speaker, Vusi Thembekwayo congratulated the Stanbic Ghana Bank, saying the “great, well down. The contest is exciting”.
The duration of the Challenge is four months, after which the judges will pick ten finalists to complete for the ultimate. The prizes for the winners include; 1st Prize – GH¢ 10,000, 2nd Prize – GH¢ 5,000, 3rd Prize – GH¢ 3,000 and 4th – 10th Prize – GH¢ 1,000. In addition to the cash prizes, all ten finalists will receive goodies from Stanbic.
Can you develop mobile app to simplify the finances of people? Then register for the Stanbic Money App Challenge via www.stanbicmoneyappchallenge.com or contact them firstname.lastname@example.org.