Cognizant of the many financial issues and insecurities individuals and businesses are facing amid the COVID-19 crisis, Razer Fintech launches its "first-ever digital hackathon in Singapore." Running from May 15th until May 17th, this challenge empowers Singapore tertiary students, young professionals, and start-ups to put forward solutions to problems that have been "exacerbated by COVID-19."
These problems include but are not limited to the difficulty companies are having with accessing grants and support "in a timely and efficient manner," solutions for businesses who are looking to seamlessly move into the digital space, additional funding options to small and medium-sized enterprises, as well as solutions for underinsured consumers who are not necessarily tech-literate, and more.
Winners with viable banking solutions will be welcomed to operationalize their ideas within Razer Fintech's financial services ecosystem.
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Why This Trend Is Growing
- Financial Relief-focused Digital Hackathons
- Opportunities to develop innovative solutions for financial issues and insecurities exacerbated by COVID-19.
- Timely and Efficient Grant Access
- Disruptive innovation opportunities to simplify the process for companies to access grants and support.
- Seamless Expansion Into the Digital Space
- Innovative solutions to help businesses seamlessly transition into the digital realm.
Industries Being Reshaped
- Financial Technology (fintech)
- Opportunities for fintech companies to provide innovative financial services and solutions.
- Start-up Ecosystem
- Potential for start-ups to offer disruptive solutions to financial challenges faced during the COVID-19 crisis.
- Insurance
- Innovation opportunities for insurance companies to develop solutions for underinsured consumers who are not tech-literate.
