Stanbic Money App Challenge, moves into the final phase with the 10 finalists participating in a demonstration on how their various apps work and also in an interactive review session with the judges.
The competition aims to engage programmers and software teams to create innovative financial education tools.
The finalists are Easy Finance, Finance Now, FinTimes, Kasanoma, and Kudify.
Others are Money Matrix, Sikapong, Stanbic Saver, Y2K, and Zealous.
“What we are doing is to give people the chance to live fuller and worthwhile lives using technology. It is part of the larger digital banking offering, which is to enable people live better,” Mawuko Afadzinu, Head of Marketing and Communications at Stanbic Ghana said.
The App Challenge, a national mobile app development competition, forms part of the bank’s corporate social responsibility.
Twenty-five financial literacy app prototypes, built for Android and IOS platforms were submitted for the App Challenge.
These apps had various ingenious tools designed to help people to better understand how to manage their money and achieve their financial goals, mainly in the areas of personal finance management, expenditure tracking and income tracking.
Each submission was evaluated and the finalists were determined based on conformity with financial literacy, creativity and originality of solution, viability of the concept, and thoroughness of the submitted materials in compliance with contest requirements.
Mr. Afadzinu said the App Challenge has the capacity and potential to touch lives in this country beyond imagination.
He said the Challenge brought an array of imaginative creations ‘out of these we are looking for Apps that we can support to fully develop and apply them for use for the good people of Ghana, for businesses, for individuals’.
The winner of the competition takes home GH¢ 10,000.00, the second place takes homes GH¢ 5,000.00 with the third place getting GH¢ 3,000.00. The final prizes would be presented on September 9.
In addition to the cash prizes, all the 10 finalists would receive goodies from Stanbic.