RBS to Host Fintech Hackathon at the Tel Aviv Stock Exchange

The Royal Bank of Scotland (RBS) in partnership with Google Cloud Platform and Intel are set to host a 48-hour Fintech Hackathon in Israel from November 15^th to the 17^th. The event will be taking place at the fintech accelerator dedicated to connecting Israeli startups with global financial markets - The Floor – located inside the Tel Aviv Stock Exchange building.

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

During the RBS Fintackathon, the bank’s team will set out various challenges and give entrepreneurs from Israel the opportunity to shape, design and build solutions for one of the UK's largest financial institutions.

The RBS notes that people with ideas from all over fintech world are encouraged to participate. Challenges will be clustered in several technology themes including: mobile and digital, Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, lending and funding, cyber security, data and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term, and more.

This event will run during Global Entrepreneurship Week 2016, when an estimated 10 million entrepreneurs across the world will participate in a wide range of events being held in 160 countries.

The Floor, which was founded in early 2016, has enlisted the support of institutions such as Banco Santander, HSBC, Intesa and Sanpaolo, to offer fintech entrepreneurs and start-ups a platform to collaborate with financial institutions, technology companies and venture capitalists. Back in June we reported that Accenture became the latest institution to join the project. As a member of the hub, Accenture evaluates potential innovations for its clients and its own strategic investments as well as offering its executives to serve as mentors for start-ups.