The First CBCG FinTech Hackathon Ended: The First Prize for “Budućnost”


The first CBCG FinTech Hackathon on the topic “The Future of digital banking and payment services in Montenegro", organised by the Central Bank of Montenegro (CBCG), ICT Cortex and the Association of Montenegrin Banks, ended tonight with the winner awards ceremony.

The team “Budućnost” (Future) of the Secondary School of Economics “Mirko Vešović” from Podgorica, whose members are the second-grade pupils Dragana Adžić, Luka Adžić, Nemanja Peković and professor Violeta Đukanović, won the first prize of 3,000 euros. They designed an application to motivate clients to use electronic banking through various mechanisms of users’ rewarding and payment services automatisation.

The team “Interact”, whose members are Benjamin Dobardžić, entrepreneur, Tamara Pavlović, data reporting analyst, Vladimir Borović, UI/UX designer, and Blerdijan Kolić, web developer, won the second prize of 2,000 euros. They designed a mobile application that aims to encourage users to save, help pay and exchange money. The mobile application is designed on the gamification principle.

The team “Loanit”, whose members are Čedomir Burić, web developer, Sara Jolić, UI designer, Anita Dapčević, student, and Dražen Skrobanović, front end developer, won the third prize of 1,000 euros. They designed a web application that will centralise information about interest rates for all loan types in Montenegrin banks and other financial institutions.

The jury decided to award a special prize of 400 euros to the team “Budućnost”, as the only high school team that qualified for the finals.

Moreover, all members of 18 teams of high school pupils who applied to the CBCG FinTech Hackathon received the 100 euros prize as support for their innovation, creativity and courage to respond to the given competition topic.

The six-member jury decided the awards. It consisted of the CBCG Vice-Governor Zorica Kalezić, Director of the CBCG Banking Supervision Department Dejan Vujačić, CEO of ICT Cortex Tarik Zaimović, co-founder and CEO of Logate Ivica Tatar, Head of Information Systems Audit in the Ministry of Public Administration, Digital Society and Media Mirjana Begović, and the fintech coordinator of the Croatian National Bank Linardo Martinčević. The jury evaluated the innovation, applicability, practicality and functionality of ideas in financial technologies, which the finalist teams developed with the help of mentors in IT, banking and public relations.

The CBCG provided all cash prizes.

Some 41 teams applied for the first CBCG FinTech Hackathon, of which 18 were teams of high school students, 11 were teams of students, and 12 were teams of professionals in banking and IT.

CBCG FinTech Hackathon is a forty-eight-hour team competition in creating the best fintech idea. The CBCG organizes it to promote and encourage innovation in digital banking and contribute to financial education in digital banking and payment services.