Allied Bank, in collaboration with LUMS, hosted the 4th edition of Fintech Hackathon. The event aimed to empower fintech start-ups, innovators, and students to develop creative financial technology solutions that contribute to Pakistan’s growing digital landscape.
Participants of the 4th Allied Bank Fintech Hackathon had access to expert mentorship, networking opportunities, and exposure to industry professionals. The participant categories were divided into two parts: the growth stage and the early stage. The event focused on thematic areas such as Digital Onboarding and KYC Simplification, Sustainable and Green Banking, Conversational Banking with AI Chatbots, Super App Transformation, Stablecoin Integration for Digital Payments, and RAAST Person-to-Merchant (P2M). Participants worked individually and in teams to present their solutions to the esteemed panel of judges.
Mr. Aizid Razzaq Gill, Chief Executive Officer, Allied Bank said, “Our commitment to fintech extends well beyond technology as it is about nurturing and empowering the next generation of innovators and thinkers. Over the past three editions of the Hackathon, we have consistently discovered solutions that exemplify our dedication to fostering a culture of continuous innovation. This year’s Hackathon served as a unique platform for bright minds from across the country to collaborate and present forward looking, practical solutions to the evolving challenges of the banking sector.” “We believe fintech stands as one of the most transformative forces shaping today’s economy, driving financial inclusion, enhancing lives, and redefining how individuals and institutions engage with finance. Our partnership with Allied Bank reflects our shared commitment to bridging academia and industry to empower the next generation of innovators and entrepreneurs.” said Mr. Shahid Hussain, Rector, LUMS.
Leading the project from LUMS, Dr. Suleman Shahid added, “At LUMS, innovation is at the heart of everything we do. This Hackathon provided a unique opportunity for bright minds across the country to connect and bring forth innovative solutions to real challenges faced in the banking sector.”
Reflecting on the collaboration, Dr. Tariq Jadoon, Provost, LUMS, said, “We believe that fintech is reshaping the economy – driving inclusion, improving lives, and redefining relationship with money. We partnered with Allied Bank to bring together academia and industry to support the next generation of thinkers, builders, and entrepreneurs.”