08/08/2018

Citizens Challenge Hackathon Highlights Positive Impacts of Technology Collaboration

 

BOSTON - Citizens Bank today announced the winners of the first-ever Citizens Challenge Hackathon, which brought together 60 developers to generate data-driven solutions to overcome banks’ daily operational challenges. A $10,000 grand prize was awarded for best overall app, and additional prizes were awarded for best commercial app, and best consumer app.

The winning projects, selected by technology leaders from Citizens Bank, PwC and Infosys, are:

  • Best Overall App: Project Crystal. Rohit Krishnan and Yolpanhchana Lim created a “robo-assistant” that uses Artificial Intelligence to provide customer service across multiple channels, enabling intuitive, 24/7 customer service.
  • Best Consumer App: I Want That. Anshul Mittal Anshul & Pa Agarwal created a mobile application that integrates a customer’s account & data with various external APIs (i.e Google, Carguru) so that consumers can make better informed purchase decisions.
  • Best Commercial App: Foresight. Diana Kolusheva & David Wang created a solution that leverages Artificial Intelligence to analyze customer transaction data and provide actionable insights on liquidity and working capital.

“Leveraging the wealth of financial technology available outside the bank is essential in a world where technology is changing so quickly and customers’ expectations around technology and experience are increasing,“ said Mary Ellen Baker, Executive Vice President and Head of Business Services at Citizens Bank. “This event demonstrated the power of the fintech community as nearly 200 people came together to celebrate innovation and learn from each other. We are very thankful to all the participants and to Open Bank Project for their partnership in bringing the Hackathon to life.”

For additional information on the Citizens Challenge Hackathon, please visit https://citizenschallenge.com/.

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $155.4 billion in assets as of June 30, 2018. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,150 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

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