• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Hi-Tech Wins FCMB’s 60-team Hackathon Challenge

by BUKOLA ARO-LAMBO
2 years ago
in Business
FCMB
Share on WhatsAppShare on FacebookShare on XTelegram

The inaugural FCMB Hackathon Challenge saw Team Hi-Tech, led by Afolabi Ayanfe and Sophia Ezeh, win the top prize of N3 million for the creation of the digital financial solution, Padi4Life. 

Advertisement

A partnership with Ingressive For Good (I4G), the hackathon launched a new cohort of techies and fostered innovation and creative problem-solving. 

With over 2,900 entries and 60 competing teams participating in a 72-hour hackathon, Team Hi-Tech’s Padi4Life made the final shortlist. It stood out for its peer-to-peer lending, asset tokenisation, and blockchain-based investment and engagement features. 

Rita Onwudiwe and Augustus Shaminga of Team KoloPadi secured the N1 million first runner-up prize for their KoloPadi solution. The second runner-up prize of N500,000 went to Victor Tochukwu of Team Xperia for its Money Minder solution.

 The total prize allocation was N4.5 million. Initially, each competing Team had five members, with some dropping off and reducing the Team. Yet, resilient members like Victor of Team Xperia were undeterred and made the final shortlist as a one-person team.

RELATED

SERAP

Compel NNPCL To Account For Missing N500bn, SERAP Tells Court

1 hour ago
NMDPA Executive’s Outburst Against Dangote Refinery Threat To Nigeria, Africa — Analyst

Dangote Refinery Sustains US Crude Purchase With 5m Barrels

20 hours ago

Afolabi Ayanfe, the Team Lead of Hi-Tech, expressed gratitude to FCMB, saying, “Padi4Life is designed to build a community of trusted financial partners, meeting the needs of Nigerians. The Team affirmed its commitment to building a robust platform that meets the needs of Nigerians. They thanked First City Monument Bank for providing them a platform to launch themselves.”

Divisional head of Transaction Banking at FCMB, Rolayo Akhigbe, stressed the bank’s commitment to innovation through Open Banking. She urged FinTechs, developers, and start-ups to utilise First City Monument Bank’s Application Programming Interface (API) to develop inclusive and sustainable solutions.

Group head of Corporate Affairs at FCMB, Diran Olojo, encouraged winners and participants to collaborate with the bank, saying, Open Banking is the future. To him, “the future is connected, and open banking is key to unlocking this potential. With our APIs and more in development, we are addressing challenges and creating a more inclusive and sustainable financial system for everyone. We are ready to work with innovators and call on new-generation techies to join us on this journey of building the connected future of finance.”

The hackathon judges, led by Rolayo Akhigbe, included Diran Olojo, Shamsideen Fashola, Divisional Head of Personal Banking, Bipul Deka, Chief Digital Officer, Rotimi Famuwagun, Chief Information Officer, all of FCMB and the Ingressive for Good CEO, Sean Burrowes.

The FCMB and I4G Hackathon showcased inventive concepts and technical skills. It fostered collaboration and networking among participants, creating an interactive ecosystem for knowledge exchange. First City Monument Bank, a member of the FCMB Group Plc, remains dedicated to fostering inclusive and sustainable growth within its communities. 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Breaking NEWS: Nigerians can now earn in US Dollars, acquire ultra premium domains for low and sell for super profit. Our client acquired a domain for $3715 and got it sold for $42,000. Click here to see how you too can profit from the business.


Tags: FCMB
SendShareTweetShare
Previous Post

MTNN To Review Tower Contracts, Awards 2.5k Network Sites To ATC

Next Post

Nigeria To Seal Refinery Deal With S/Arabia H1, 2024, Despite Skepticism

BUKOLA ARO-LAMBO

BUKOLA ARO-LAMBO

You May Like

SERAP
Business

Compel NNPCL To Account For Missing N500bn, SERAP Tells Court

2025/06/02
NMDPA Executive’s Outburst Against Dangote Refinery Threat To Nigeria, Africa — Analyst
Business

Dangote Refinery Sustains US Crude Purchase With 5m Barrels

2025/06/01
Bala Wunti Exits NNPC, Reflects On Decades Of Impactful Leadership
Business

Bala Wunti Exits NNPC, Reflects On Decades Of Impactful Leadership

2025/06/01
NADF Unveils Gender-inclusive, Climate-smart Agric Finance Model
Business

NADF Unveils Gender-inclusive, Climate-smart Agric Finance Model

2025/06/01
Arewa Forum Praises Matawalle’s Peace Efforts In Sokoto
Business

Piracy: Minister Commissions 3 War Ships, Helicopters For Navy

2025/06/01
Eid-el-Fitr: 105 PalmPay Users To Get Free Smartphones
Business

PalmPay Empowers 1,500 Women Traders In Kaduna

2025/06/01
Leadership Conference advertisement

LATEST

Niger Flood Disaster: Arewa Think Tank Condoles With Governor Bago

Nigeria: 730 Days Later

Plot To Smear Emir Sanusi II Using AI-Generated Video Uncovered

Oba Adebola Coronated As 6th Olugbagun Of Igbagun Kingdom

NGO Blames Non-implementation Of 2025 Budget For Mokwa Flood

AFNIS Begins July 14, To Promote Local Content

50 Killed, 15 Churches Shut In Markurdi – Catholic Church

Buhari, Akpabio, Abbas, Others Mourn Victims Of Kano Auto Crash

The National Assembly Nigerians Want

“There Is Hunger In The Land”

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.