Team ATRAM won the Race to the Future: The Open Finance PH Hackathon conducted by the Bangko Sentral ng Pilipinas (BSP) in partnership with the International Finance Corp. (IFC) from July 15 to Aug. 7, 2024.
Team ATRAM is composed of Bea Charmelyn T. Lambitco, Jan Franz A. Palngipang, Aaron Lemuel C. Reyes, and Alvin G. Usigan. The said team won an all-expense trip to the Singapore Fintech Festival in November 2024, where they have the chance to learn from global fintech experts.
Pensyon PH, developed by Team ATRAM, aims to help users achieve a financially secure retirement, enables end-users to project how far a future retiree is from his/her financial goals, provides tailor-fit advice and educational resources on how to best reach their retirement goals, and gives customers and employers a seamless platform for managing their Personal Equity and Retirement Accounts.
Pensyon PH leverages on Open Finance, which enables consent-driven data-sharing and collaborative partnerships among financial institutions that adhere to the same standards of data security and privacy.
The hackathon was able to generate industry awareness on open finance-enabled use cases through the creation of novel and innovative POCs that provide concrete examples of the new opportunities that Open Finance brings to both industry players and consumers alike.
“Open Finance is best implemented in tandem with the industry and this hackathon offers great examples of open, interoperable, and scalable applications that can address the evolving needs of Filipino consumers,” IFC country manager for the Philippines, Jean-Marc Arbogast said. “Congratulations again to this year’s winners and we hope to continue supporting more open finance initiatives for a fairer, more inclusive, and more resilient financial ecosystem.”
