TALENTED youngsters have been working on an app that can fight computer hacking and create new technology for banks.
More than 100 students from the University of Alicante (UA), mostly with IT or telecommunications qualifications, came together at a conference entitled Instant Banking Hack Day. Organised by the UA and Banco Sabadell, the event aimed to stimulate the creativity of the students to develop projects that could eventually lead to the launch of new services to facilitate communication between banking and its customers.
The participants were divided into 22 teams to compete with each other for the most innovative idea to make banking systems more technologically advanced, yet secure, for users.
Director of Technology and Operations at Banco Sabadell Group, Carles Abarca, said banking is “one of the industries most threatened by the digital revolution,” adding that younger generations “are already digital natives,” meaning banks must be more technologically creative.