{"id":15405,"date":"2024-09-05T11:48:08","date_gmt":"2024-09-05T03:48:08","guid":{"rendered":"https:\/\/angelhack.com\/?post_type=case-study&p=15405"},"modified":"2026-01-02T08:12:45","modified_gmt":"2026-01-02T00:12:45","slug":"dbs-bank-sparked-innovation-at-angelhacks-hacksingapore-2024","status":"publish","type":"case-study","link":"https:\/\/angelhack.com\/case-study\/dbs-bank-sparked-innovation-at-angelhacks-hacksingapore-2024\/","title":{"rendered":"DBS Bank Sparked Innovation in Fintech at hacksingapore 2024"},"content":{"rendered":"

Summary<\/h2>\n

DBS Bank, a leading financial institution in Singapore, partnered with AngelHack to spark innovation in financial services and engage with developers. As the sponsor of hacksingapore, DBS Bank engaged with over 300 developers in a 24-hour hackathon. This collaboration resulted in innovative projects aimed at enhancing financial security for Singapore’s aging population, with teams presenting their solutions directly to DBS leadership, paving the way for future collaborations and innovations.<\/p>\n

Challenge<\/h2>\n

With a strong focus in digitalisation and innovation, DBS Bank wanted to explore solutions for underserved demographics in Singapore. This includes demographics such as the elderly, as they face barriers in utilising digital banking services effectively. Additionally, DBS sought to strengthen its engagement with Singapore’s vibrant community of developers and innovators to harness fresh perspectives and ideas that could drive forward its digitalisation efforts.<\/p>\n

Solution<\/h2>\n

Wanting to spark innovation and connect with local tech talent, DBS saw running a hackathon as the perfect solution, and partnering with AngelHack for hacksingapore 2024 turned out to be a game changer. Instead of pouring resources into pulling off their own event, sponsoring the hackathon gave DBS a direct line to AngelHack\u2019s vast network of developers. This meant they could dive right into the innovation without the heavy lifting involved in logistics, planning, and marketing.<\/p>\n

\"\"<\/p>\n

AngelHack has this huge community [of developers] and\u2026 we see developers as a key resource [for the] digital future so we want to tap on that. – Bidyut Dumra, Group Head of Innovation<\/p><\/blockquote>\n

The hackathon itself was a hit, hosted at DBS X, their very own innovation hub. It buzzed with energy as over 300 developers rolled up their sleeves to rethink and refine digital banking for the aging population. This wasn\u2019t just about finding new solutions\u2014it was about building bridges with the sharp minds and fresh eyes of Singapore’s tech scene, turning a weekend of coding into ongoing partnerships to push DBS\u2019s tech journey even further.<\/p>\n

\"hacksingapore<\/p>\n

“DBS Asia X (DAX) is a space where we collaborate with start-ups and the broader fintech community to reimagine, inspire and create the future of innovation<\/em>\u201d, says DBS Bank\u2019s Group Head of Innovation, Bidyut Dumra.<\/p>\n

Impact<\/h2>\n

hacksingapore garnered 300+ participants, leading to the creation of over 30 diverse projects in the financial inclusion track. After rigorous pitching to DBS Bank\u2019s leadership and industry professionals, three teams emerged as the top contenders:<\/p>\n