Innovating financial services with hackathons supported by the IBM Bluemix platform
Company Size
1,000+
Region
- Europe
Country
- Germany
Product
- IBM Bluemix
- IBM Bluemix Watson Services
Tech Stack
- IBM Bluemix
- IBM Watson
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Innovation Output
- Revenue Growth
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
About The 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.
The 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.
The 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.
Operational Impact
Quantitative Benefit
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