IBM Case Studies Innovating financial services with hackathons supported by the IBM Bluemix platform

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	Innovating financial services with hackathons supported by the IBM Bluemix platform IBM

Innovating financial services with hackathons supported by the IBM Bluemix platform

IBM

Technology Category	Analytics & Modeling - Machine Learning Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services
Challenge	Fiducia & GAD IT AG, a leading IT services provider for banks, insurance companies, and other financial institutions, was facing disruption from FinTechs. These emerging companies represented both potential partners and competitors for established banks. To demonstrate their industry innovation and stay competitive, Fiducia & GAD IT AG decided to conduct two collaborative hackathons. Read More
About Customer	Fiducia & GAD IT AG is a leading IT services and solutions provider based in Münster, Germany. The company caters to the country’s cooperative banks, private banks, insurance companies, and other organizations in the financial industry. With nearly 5,600 employees, Fiducia & GAD IT AG manages approximately 100 million customer accounts. The company is committed to demonstrating leadership as an industry innovator and cutting-edge IT services provider. Read More
Solution	Fiducia & GAD IT AG chose the IBM Bluemix platform to host an initial internal hackathon to evaluate this new concept and technology. The hackathon was a success, leading to a second event in collaboration with DZ BANK Gruppe and ADG. In this second hackathon, they incorporated IBM Watson services into new innovative systems of engagement. The event saw 75 participants collaborating with start-up style innovation and creativity on the Bluemix platform in cross-organizational integrated teams. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Machine Learning

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

Challenge

Fiducia & GAD IT AG, a leading IT services provider for banks, insurance companies, and other financial institutions, was facing disruption from FinTechs. These emerging companies represented both potential partners and competitors for established banks. To demonstrate their industry innovation and stay competitive, Fiducia & GAD IT AG decided to conduct two collaborative hackathons.

About Customer

Fiducia & GAD IT AG is a leading IT services and solutions provider based in Münster, Germany. The company caters to the country’s cooperative banks, private banks, insurance companies, and other organizations in the financial industry. With nearly 5,600 employees, Fiducia & GAD IT AG manages approximately 100 million customer accounts. The company is committed to demonstrating leadership as an industry innovator and cutting-edge IT services provider.

Solution

Fiducia & GAD IT AG chose the IBM Bluemix platform to host an initial internal hackathon to evaluate this new concept and technology. The hackathon was a success, leading to a second event in collaboration with DZ BANK Gruppe and ADG. In this second hackathon, they incorporated IBM Watson services into new innovative systems of engagement. The event saw 75 participants collaborating with start-up style innovation and creativity on the Bluemix platform in cross-organizational integrated teams.

Impact #1	Demonstrated leadership as an industry innovator and cutting-edge IT services provider.
Impact #2	Sharpened competitive edge by launching new capabilities for banking, insurance, and investment use cases.

Impact #1

Demonstrated leadership as an industry innovator and cutting-edge IT services provider.

Impact #2

Sharpened competitive edge by launching new capabilities for banking, insurance, and investment use cases.

Benefit #1	The second hackathon produced 12 executable prototypes from new ideas in just three days.

Benefit #1

The second hackathon produced 12 executable prototypes from new ideas in just three days.

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Overview

Innovating financial services with hackathons supported by the IBM Bluemix platform

Operational Impact

Quantitative Benefit