Last week, Visa Canada sponsored the first North American Mobey Day event, which brings together some of the world’s top fintech leaders to tackle the future of banking and digital services. At the Four Seasons Hotel Toronto, where the event took place, Visa sponsored the “Bank of the Future” UI/UX competition presented by Carta Worldwide Inc. Teams of four to six students and developers were invited to design a banking app that integrated a suite of Visa Developer APIs and addressed the increasing consumer expectation for faster, more accessible and personalized services.
Keeping in mind that the future of banking means adapting to innovation and disruption, the teams’ designs had to show a high degree of ingenuity and integration of Visa Developer APIs while addressing how the user experience would change people’s behavior to co-opt the bank of the future. The top three finalists faced off and pitched their design to a panel of judges made up of industry professionals.
Team Hasta La Visa, a group of undergraduate students from various Canadian universities, submitted the winning idea: an app called Piggy Wealth. The app targets millennials, students and young professionals who are looking for budgeting tools, rewards, investment and tax knowledge. Piggy Wealth allows the user to aggregate multiple financial accounts into one place and create budget plans, as well as rewards consumers for achieving financial goals through loyalty points. To do this, Piggy Wealth successfully integrated a suite of Visa Developer APIs, including transaction alerts, risk managers, Visa Token Service, Visa Consumer Transaction Controls and Merchant Offers Resource Centre.
Mobey Day marked the first competition using Visa Developer APIs in Canada. Around the world, Visa has launched programs that offer students and startups the chance to leverage Visa’s APIs, tools and support to start building easier, faster and more secure ways to power commerce. To learn more about Visa’s APIs, visit Visa Developer Center.