A 24-hour FinTech Hackathon, sponsored by multiple financial technology firms, will give financial technology developers and designers from New York City’s growing startup culture a chance to design innovative industry-related solutions.

April 6-7, both financial technology developers and technology partners will gather at Alley NYC to solve problems related to risk management, big data, regulatory compliance, enterprise social, trading, retail banking and mobile payments.

Attendees will focus on innovating both for retail clients and institutional customers.

Technology partners will provide the APIs and development tools upon which the FinTech hackers can build their solutions. After coding, validating their ideas and networking, the teams will then present their solutions to a panel of FinTech vice presidents, executives and entrepreneurs.

“There are thousands of developers working in the financial industry. Our goal is to create a community where they can connect, collaborate on promising ideas and innovate with new technologies,” stated Nick Gavronsky.

Gavronsky is a Hackathon co-organizer and head of Product at OpenFin.

Firms supporting the event in addition to OpenFin include 10gen, Bloomberg (News - Alert), Dwolla, the FinTech Innovation Lab, OANDA, StockTwits, Betterment, Caplin, Estimize and OpenGamma.

Gavronsky ran a similar event with the FinTech Startup Weekend, last December in New York City. Individual entrepreneurs pitched ideas and linked up with other entrepreneurs to develop a product or a business platform during the Startup Weekend. This event was designed mostly for first-time entrepreneurs, while the Hackathon should appeal to more experienced developers.

“The talent at this event was incredible and the teams built real FinTech products that were beautifully designed and executed,” Gavronsky wrote on his blog.

Depending on the success of the New York event, Hackathons may occur in Toronto, San Francisco and London. 

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