The Barclays Rise Hackathon is almost here, and Realex Payments is proud to be on board as a technology partner.

Rise hackathon is unique. It features 3 different scenarios where developers and entrepreneurs ideate and brainstorm about solutions. Not so unique, you might think. Think again.

There are 3 unusual scenarios for this hackathon. Each scenario is assigned a unique ‘world’ at Rise Hackathon. Each world has a distinct problem to solve. Your job is to choose your world and find a solution for its problems.

The 3 Barclays Rise Hackathon Worlds:


World 1

The Consumer Cosmos

The first scenario is a world that features banks having to release consumers’ financial data to regulated 3rd parties. From aggregators to payment solutions, there are plenty of opportunities for new ideas and solutions.

Go to World 1


World 2

The Rebellion of the Corporate Treasurer

The second world is one where corporates will have a single view of all bank accounts throughout multiple geographies, no matter how many banks they work with, or where those banks are. What does this mean for the corporate business and how do they capitalise on this?

Go to World 2


World 3

The Payments

The final world is one where consumers want to make frictionless digital payments – what new, innovative payment methods could you create that make paying painless?

Go to World 3

Once you make your choice, you have until 11th September 2016 to submit your idea to win a cash prize, along with the support you need to continue building your solution with Barclays, including a guaranteed interview for the Barclays Accelerator, powered by Techstars.

The hackathon has spread wide and far. From Manchester to Mumbai (yes, Rise is in both, but Manchester might be handiest for you), you need to choose your location, select your scenario and start creating. Simple.

As a technology partner, we’ve made our technology available for you to play with at the Hackathon.

To get you started, we’ve had a little brainstorm on how our technology could slot into each scenario – and also added a little more detail on each to help you make up your mind:

World 1: The Consumer Cosmos

Banking will change irrevocably in 2018. For the first time ever, new legislation will mean European banks will have to give 3rd parties access to their customer data. That means more transparency, innovation and possibly, increased competition.

For a start, those lucky folks with multiple bank accounts will have a single view of all their funds in one location through aggregate technology portals. Merchants will also be able to access consumer’s bank accounts directly, if the customer has given permission, of course.

Using Realex Payments’ Technology in World 1

Your solution will focus on the role an online payments provider plays in payments. You’ll need to think of all of the functions an online payments provider performs. How will all these validation checks and processes be affected when a merchant has the capability to access funds directly within their customers’ bank accounts?

Think of the web interface, security issues, regulatory implications, fraud risks, authentication methods and chargebacks. What role will Payment Initiation Services play and how will Account Information Services be integrated (for example Know Your Customer checks)?

Your task is to take this information and re-imagine how people will access and spend their funds digitally. What opportunities exist and what how will payment solutions change and evolve? Your call.

World 2: Rebellion of the Corporate Treasurer

In the second scenario, Corporate Treasury is also undergoing a transformation, away from historical and transactional bank data towards new innovation as a result of new European regulations around account aggregators and payments.

Imagine a large corporate, for example. It often has multiple bank accounts. Each has to be accessed through a different bank: some are online, some are in a fancy office in Italy; some are in Swedish Krona, others are in Euro – you get the picture. New EU regulation is changing this diversity and will allow corporates to view every account centrally.

How will this look exactly? Well, that’s up to you – how do you deliver a single view experience and a simplified payments process?

Using Realex Payments’ Technology in World 2

If you choose the second scenario, take some inspiration from our reporting and reconciliation tools. These essentially help merchants to understand and optimise their payments centrally, in real-time – and that’s a key focus here in our opinion. How can real-time forecasting and projections, along with instant adjustments help a corporate business?

This visibility translates to revenue somehow – but how? From saving time on administration to improving the accuracy of financial statements and share valuations – what technology opportunities exist to capitalise on this?

World 3: The Payments Parallax

For the final scenario in World 3, Zero UI is prevalent. This creates a world where our movements, voice, glances, and even thoughts can make a system respond to us through our environment. It’s also a world where one wouldn’t even think of removing a credit card from their wallet and manually type in the card number into their mobile device. You get where we’re going, right?

Smartphone users are taking over, and it’s your job to make payment automatic and frictionless, yet secure and authenticated.

Using Realex Payments’ Technology in World 3

Choosing World 3? Good choice. Realex Payments has mobile libraries to help merchants accept payments in-app, so you could develop ideas around card-less payment authorisation or biometric authentication – from fingerprint to iris recognition to a sensor of the veins in your very own palm.

These are just a few crazy ideas we’ve had to start your creative juices flowing, but these are child’s play compared to your inventive capability.

Barclay’s Rise Hackathon gives you an opportunity to build something amazing to revolutionise digital payments. We can’t wait to see your amazing creations.

Join the Hackathon

You can register now for Rise Hackathon – Episode II: The Bank Awakens and right until 11th September (although there is a £250 early-bird prize opportunity for entrants before the 4th September). The Hackathon itself takes place on 24th & 25th September.

So join Barclays Rise Hackathon, choose your world, choose your technology partner and shape a future of banking where finance and technology become one.