Southland to contribute new technology to Kiwi Fintech Accelerator programme

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Southland entrepreneurs are invited to a SBS Bank bootcamp to create innovative technology for the finance sector.

At end of the two-day bootcamp on May 11-12, SBS hopes to have one or two teams chosen to build the technology as part of the Kiwi Fintech Accelerator programme.

SBS and other organisations will work with the teams to have the technology finished in three months before demonstrating it at the programme’s national seminar in Wellington in October.

The new technology can target any area of the finance sector, such as investments, lending, insurance, security, payments and financial literacy, SBS Bank digital channel manager Andrew Rushton said.
He said people attending the bootcamp were likely to have different strengths but he believed great things could happen when individual skills combined for common goals.
“Someone could be a software developer who doesn’t know much about finance but knows about coding.

“It’s a chance for [Southland] people to showcase their talent.”

People with any technology ideas for the finance sector were welcome, Rushton said.

SBS representatives will be assisted by staff from Venture Southland, Invest South and Digital Stock in speaking and mentoring roles at the bootcamp.

Digital Stock chief executive Nash Varghese​ said the programme offered those keen to develop a fintech (financial technology) solution a rare chance to develop something special.

“SBS is passionate about the community and we want the community to go to a new level in the financial industry,” Rushton said.

Rushton said the bootcamp can accommodate 20 or 30 entrepreneurs but there would be room for a few more.

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