Unleashing the Power of AI: Monument Bank's Hackathon Paves the Way for Innovative Solutions
Stuart Wheatley is an Agile Coach at Monument.
Once confined to tech forums and sci-fi movies, AI has become a ubiquitous presence in business conversations. Companies across many industries are embracing this transformative technology to gain a competitive edge and uncover untapped opportunities.
At Monument Bank, we are no exception. As a forward-thinking fintech committed to delivering an exceptional banking experience, we eagerly explore how AI can revolutionise our services.
The Mission: AI Hackathon
I recently had the pleasure of hosting a fast-paced, two-day hackathon — a creative haven where diverse teams from across all business functions could unleash their potential, leverage AI to solve defined challenges, and more importantly, have fun experimenting with AI technology.
With a focus on ChatGPT, the much talked about AI tool, we challenged five teams to harness its potential and deliver 10x impact.
Team Android Triumphed
The proof-of-concept ideas that emerged from the hackathon left our panel of judges astounded, making it an arduous task to determine a winner.
The Android mobile app team triumphed, propelling our Monument Lifestyle proposition to new heights, where we not only offer access to curated services, but our AI learns about each client, tailoring recommendations to their evolving needs, preferences, and lifestyle changes.
While I cannot divulge too many details about the ideas generated across the two days, I can tell you this is just the beginning. The future possibilities we have uncovered, are services that other banks can only dream of providing!
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“I was blown away by the incredible ideas and possibilities that emerged. It was an exhilarating experience to see how AI can truly revolutionise the banking experience for every Monument client.” – Wasim Khouri , Chief Commercial Officer
More hackathons are to come
The overwhelmingly positive feedback from our teams has inspired us to hold more hackathons throughout the year. This way, we will certainly uncover more opportunities to enhance our client’s experiences and cater to their needs.
“It was an incredible experience being part of this hackathon. The energy and enthusiasm among the teams were infectious, and we had an absolute blast working on innovative AI solutions.” – Sheela Manimaran , Business Analyst.
About Us
We’re a bank that offers savings accounts, property investment loans, and handpicked lifestyle services to help you prosper.