FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Why is Bank of the West Hosting a Hackathon? To ‘Learn, Learn, Learn’

Philip RyanbyPhilip Ryan
May 13, 2016
in Banking
Reading Time: 2 mins read
0
Share on Facebook

© Can Stock Photo Inc. / kjekolFear of fintech disruption is still common in banking, but for Bank of the West, “fintech” means opportunity.

The San Francisco-based bank is working on deepening its links with Silicon Valley neighbors, and has a hackathon planned for June 17-19 in concert with parent BNP Paribas.

“Fintech is already a partner to the banking sector,” Andy Harmening, vice chairman of consumer banking, told Bank Innovation. But it is seen as attacking banks because fintech has gotten attention for a number of innovations in sectors challenging to banks, such as microfinance, Harmening said.

“Banking has proven to be a pretty resilient industry over time,” Harmening said. Instead of fretting about disruption, Bank of the West is focusing on partnership and building relationships with innovative companies.

Harmening recalled an informal internal discussion about the number of fintech partners the bank has already. The answer? “North of 20.” And that number will only go up in the future.

Fintech startups also show ingenuity around not just technology, but processes, Harmening said, and this should be educational for banks. But the overall threat of fintech companies replacing banks is not top of mind at Bank of the West, which benefits from its proximity to the world center of innovation in Silicon Valley.

Bank of the West is overseeing the San Francisco end of the June hackathon, which will simultaneously take place in London, Brussels, Paris, Rome, Berlin, Warsaw, and Istanbul. The hackathon, which is the first stage in a yearlong process,, will revolve around two themes: home-buying, and budgeting. For the bank, the process will be about studying the innovation process. “Learn, learn, learn,” Harmening said.

After the “ideation” stage in June, selected companies will participate in a bootcmap from July to November, a demo day on Dec. 2, and then a prototyping process in 2017. A video is below. (Friendly tip: you may want to lower your volume before playing it.)

 

Tags: Bank of the WestBNP ParibasfintechhackathonmortgagePlug and Playstartups
Previous Post

Lending Club Shares Remain Under Pressure

Next Post

Searching for the Priceline of Fintech after Lending Market Meltdown Week

Related Posts

agentic
Banking

Glia launches 25 AI agents for customer service

August 12, 2026
Courtesy/Canva
Banking

Northrim Bank taps Narmi for AI-powered digital banking

August 12, 2026
Banking

Kiro Money develops AI financial guidance tool with credit union

August 11, 2026
Next Post

Searching for the Priceline of Fintech after Lending Market Meltdown Week

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account