Intro Bankathon

Bankathon

During the 2016 Bankathon, Aareal Bank Group's teams developed very promising digital prototypes in the context of the EU Payment Services Directive 2.


Agility at its best: the Bankathon

Pizza cartons, energy drinks and lots of bankers in hoodies: 85 participants in 24 teams competed in the Bankathon programming contest (9­-11 October 16), including three teams from Aareal Bank Group. ”I never would have thought that so many innovative ideas and prototypes can be developed in only 30 hours”, Daniel Höfelmann, team Innovation Management, says. ”That was agility at its best: no extensive planning, just doing. The ideas just came gushing out, non­stop.”

This year’s Bankathon topic was Payment Services Directive 2. In groups of four, the participants’ goal was to develop proto­types of a digital product within 30 hours of continuous work and then to present their product in a live demo. Aareal Bank Group’s employees developed three prototypes: an integrated administration, control and projection solution for rental con­tracts and cash flows of commercial properties with numerous rental units (”Block Mall”, based on blockchain technology and ”Mall 4.0”) as well as an application for the cash man­agement optimisation of different accounts (“OneTouchCash­ Management”).

The Aareal Bank Group team

30 Bankathon 01
30 Bankathon 02
30 Bankathon 03

”What fascinated me most about the Bankathon – in addition to the actual ‘speed prototyping’ – was trying out new appli­cation programming interfaces (API) and technologies as well as discussing them with other coders”, Höfelmann adds. ”A programming contest like this makes people bond; we have already discussed continuing our collaboration with other participating teams from fintechs and start­-up companies. But the best thing is that these prototypes we developed have potential. They can be refined, and can generate additional value for Aareal Bank Group. That motivates us to come back next year.” 

30 Bankathon Zitat
But the best thing is that these prototypes we developed have potential. They can be refined, and can generate additional value for Aareal Bank Group. Daniel Höfelmann Director Group Technology, Innovation Management

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