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HomeTechHACKADESIGN Islamabad will be co-hosted by Karandaaz, PFN, PFA, and IDEATE Innovation

HACKADESIGN Islamabad will be co-hosted by Karandaaz, PFN, PFA, and IDEATE Innovation

HACKADESIGN, a first-of-its-kind design hackathon, will be co-hosted by Fintech Network (PFN), Pakistan Fintech Association (PFA), and IDEATE Innovation. Problem solvers, ideators, UX designers, design thinkers, and financial institutions are being invited to register for the two-day HACKADESIGN, which will take place in Karachi in January 2022. After a thorough review by a team of judges comprised of specialists from the financial and technology industries, the winning concepts will be given prizes and prize money.

Also read: Pakistani fintech Savyour raises US$3.3m seed to scale the country’s first savings and rewards platform

The customer onboarding framework by the State Bank of Pakistan has opened up a plethora of possibilities to redefine and redesign an inclusive and user-friendly remote digital account opening and onboarding experience that requires minimum documentation and facilitates the previously underserved segments, but the lack of attention to human-centric design still poses a challenge for the uptake of banks’ digital account opening channels and results in low uptake and stickiness amongst the users. The HACKADESIGN will be a great platform for problem solvers and design enthusiasts to ideate together, build scrappy prototypes, and co-create a winning experience. To apply for participation in the HACKADESIGN, visit karandaaz.com.pk/hackathon/ The last date to apply is December 20, 2021.

Also read: Adal Fintech and Bank Alfalah have teamed up to provide Digital Supply Chain Financing

Speaking about the HACKADESIGN, Rehan Akhtar, Chief Digital Officer Karandaaz said, ‘While the digital account opening and onboarding framework by the State Bank of Pakistan presents a great opportunity for the financial inclusion of the previously underserved segments, the uptake and adoption of financial services greatly depends on delivering an inclusive experience for the end-users that includes less digital savvy and non-English speakers. Karandaaz is happy to encourage young innovators and creative thinkers through this HACKADESIGN to create human-centered designs that can lower the complexity and help users make informed decisions leading to trust and wider uptake of digital channels for account opening.’

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