V-Cred emerged as the runner-up in the RHB Get Your Hack On (ASEAN Edition) 2023, securing a prize of USD 2,500 (~RM 10,603). This team stood out for their innovative approach to digital banking solutions, which impressed the judges during the virtual Demo Day. The team’s ability to integrate advanced technologies such as data analytics and machine learning into their solution demonstrates the potential of these tools to revolutionize traditional banking practices. Personalized credit recommendations and risk assessments can significantly reduce the barriers to obtaining credit, making financial services more accessible to a broader audience.
The RHB Get Your Hack On 2023 event is a testament to the growing emphasis on innovation and digital solutions in the banking sector. By bringing together talented individuals from across Southeast Asia, the competition not only fosters creativity but also encourages collaboration among participants from diverse backgrounds. This is crucial for developing solutions that are not only innovative but also culturally and regionally relevant.
The success of the RHB Next team and other winners highlights the potential of young innovators in the region. Their ability to present compelling ideas and solutions in a competitive environment speaks volumes about the quality of talent in Southeast Asia. It also underscores the importance of providing platforms like this to nurture and showcase such talent.
Moreover, the involvement of partners like AWS, MDEC, and MyStartup adds significant value to the event. These collaborations bring in expertise, resources, and networks that are essential for the participants’ growth and the implementation of their ideas. As digital banking continues to evolve, such initiatives will play a critical role in shaping the future of the industry, driving it towards greater efficiency, inclusivity, and customer-centricity.
