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I have many ideas and am interested to set up internet companies.

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Joseph Somogyi

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OpenBankProjectHacked @ Hack/Make The Bank #6 in London (evis)


We had great fun in London this weekend thanks to the almost 100 participants who joined us during two days for #HackMakeTheBank hackathon at the amazing Level39. It turned out to be a great event, with some really exciting hacks that came from it!

Check out Underdraft, a mobile app that prevents you from going overdraft. Syndik8, a crowd-funded property investment market place. Athena Xchange, an invoice FX risk mitigation platform or Teller, a reverse-engineered banking API.

See the complete list of hacks here.

The hackers were using and mashing up different APIs provided by Open Bank Project IBM Watson, S&P; Capital IQ,TEMENOSMortgage27Currency Cloud and OpenCorporates. They also had the chance to pitch their ideas to a group of expert mentors and fintech judges.

Many thanks to our sponsors IBM and TEMENOS for making this happen – it was truly a great experience!

Our next hack/make the bank will be in Paris on Nov 15th-16th, organised jointly with our good friends at La Mutinerie. Feel free to register or share the link with your network.

3 weeks, 3 days ago, 0 Comments

OpenBankProjectHack/Make the Bank Berlin - Open Data Edition (evis)

This last Sunday will remain a memorable date in Germany. Besides our Hack/Make The Bank Open Data Edition, Germany won the World Cup in Brazil!

Somewhere in Kreuzberg, a group of people met for the fourth edition of our fintech hackathon. The theme of this edition: "Open Data meets Finance" 


We started the day with some nice breakfast prepared by Simon and after a brief introduction of the APIs and the participants we went on hacking for the whole day.


4 hacks have been developed.

1) Bank Button
Simple online payment solution by directly paying the merchant.

2) Know Who You Deal With
Enriching Open Bank Data with company data using OpenCorporates API

3) OpenPEP
Open database of Politically Exposed People. The hack consists of an upload button to add PEPs on this platform.


Online platform to collect Zakat for the muslim community. 


The day ended by watching the game and celebrating Germany's success.

Our next hack/make the bank adventure will be in London this fall. Stay tuned for more information.

Many thanks to Co.up for the space, Vegetarisch Berlin for the food and Mana Taheri for the visual facilitation and the Shuttelworth Foundation for sponsoring this event. 


4 months, 1 week ago, 0 Comments

OpenBankProjectAmazing Dutch FinTech Hackathon! (evis)

“I see lots of hackathons and pitches, but you have built some fantastic things this weekend” Nektarios Liolios, Managing Director of Startupbootcamp FinTech said right before announcing the winner of this first Dutch FinTech Hackathon.

And boy was he right! It was a great hackathon. Overall, an impressive quality of apps. We had 60+ participants, 15 hacks and 3 wining teams. The Jury award went to Paygel, a simple and faster way to make online payment via mobile.

The other participating hacks ranged from financial advice to the elderly, fraud detection, CSR advice module, real-time risk analysis, an iBeacon shopping app, crowd funding platform, and cargo container insurance.

Below are the three winners:

Grand Jury Award: PayGel

Paygel, developed a service that provides easier, faster and safer ecommerce checkout. You can shop online simply using a laptop or tablet and pay using Paygel on your mobile device. This makes purchasing products on a Smart TV, for instance, extremely simple (Here is how it works)

Jury special award: DonationBundle

DonationBundle let users decide how much they want to donate every month and to which causes. They also publish all the transactions on their website using the Open Bank Project API.

Audience Award: Fritz

Fritz developed an app that lets family members approve online purchases or payments on behalf of other members like parents approving expenses of their children.

The Other hacks are

  • Goal: An app that analyses your spending habits, to help you reach your goals in life.

  • The CrowdFundMatcher: CrowdFunding comparison site with bank Co-funding options.

  • App: Perfect Shopper: helps small shops send targeted personal offers to consumers, based upon their previous purchases, personal preferences, location and their latest social media posts.

  • Money Score:  simple, clear and easy to use app where you can manage your expenses related to other people and split bills

  • Risk Containment: Risk Insurance made accessible for both insurance and carrier

  • PayDutch: Debt overview amongst friends.

  • AlamPay: A micro-financing service that provides online payment and POS transactions, focusing on developing countries.

  • Rankr: Realtime audit and risk analysis

  • Mij 'n zorg (WMO): an app that helps citizens generate a clear report on the care and/or funding they can request at the municipality's office for the 'wet maatschappelijke ondersteuning (WMO), based on their personal situation.

  • SIXHACK:APP.PROVE: allows a helpful relative or friend to monitor online transactions. Only valid transactions will be approved, fraudulous, erroneous and all others transactions will be declined.

  • Denary: allows anyone to receive money through multiple payment methods in a matter of seconds.

  • Regulatory Detective: Tinder for suspicious transactions by team TESOBE


We had a lot of fun animating this event. It was great to see DonationBundle (which uses the Open Bank Project API) receiving an unexpected jury award.  Also, very interesting to be host, facilitator, API provider and participating hackers all at the same time. Many thanks to our team for making this happen!

Big shout out to the Rabobank Innovation group who put their trust into our team since day one and were open and very pleasant to work with. We are very glad with the results and looking forward to the next edition! :-) 

For those who can’t wait for a whole year, next Sunday, we are holding another fintech hackathon here in Berlin. This is time we will focus on fintech and open data.  

Feel free to join!

4 months, 2 weeks ago, 0 Comments

OpenBankProjectTESOBE and VANSO partner to bring the Open Bank Project to Nigeria. (press)

TESOBE and VANSO partner to bring the Open Bank Project to Nigeria.

Berlin, Germany - TESOBE and VANSO announces today that they are working to deploy the Open Bank Project API with some of its premier banking clients in Nigeria. This deployment is initially scheduled for Q4 2014 and will provide banks with the ability to rapidly roll out innovation on their web and mobile channels.

Earlier this month, TESOBE and VANSO signed a partnership agreement to bring the Open Bank Project to sub-Saharan banks starting with Nigeria. VANSO will use the Open Bank Project API to speed up development on its mobile and online banking applications. TESOBE will provide commercial licenses, integration, training and support to VANSO.

For VANSO the Open Bank Project API provides a secure banking API that is flexible and provides a consistent banking data model on which to connect its online and mobile banking solutions: “At VANSO, we are at the forefront of delivering innovative solutions and disruptive technologies to our clients in the financial services industry in Nigeria. We believe that this partnership with TESOBE will provide us with the capability to implement these solutions both quickly and securely!” said Denis O’Brien, CEO of VANSO.

Of this announcement, Simon Redfern, CEO of TESOBE and founder of the Open Bank Project said "We’re delighted that VANSO have committed to taking the Open Bank Project to West African banks starting with Nigeria. We are looking forward to working with them to bring the power of our open source and developer friendly APIs to their banking customers."

VANSO plans to rollout the Open Bank Project to a number of banks across the region in the next two years.

About The Open Bank Project

Led by Berlin-based TESOBE, The Open Bank Project provides a secure, open source and developer friendly Application Programming Interface (API) for banks so that developers and companies can build innovative applications

and services based on the account holders’ transaction data. The Open Bank Project was incubated by the FinTech Innovation Lab, London and the Open Data Institute, London. More info: <span class="http-markup"><a href="" rel="nofollow"></a></span>


Vanso is a FinTech market leader with over 10 years experience in delivering cutting edge technologies to the financial services industry in Nigeria. Specialising in Online and Mobile banking, Payment and Card Solutions, Vanso works with the leading Nigerian banks.

4 months, 3 weeks ago, 0 Comments

OpenBankProjectRecap - Hack Make The Bank #3, London (evis)

Love Insurance, Selfie bank, banking the unbanked and more. It was an incredible hackathon with a high quality hacks for such a short period of time (12 hacks in 6 hours)!

Here is the complete list of hacks:

  • Selfie Bank: Secure payment using your face! Without exchange bank information, just using a selfie!

  • Love Insurance: Insurance against heartbreak. Put money aside, get couple treat money whilst in love and a big chunk of pain money if you break up!

  • Kids View : A PFM for children. Providing kids with categorised money trail of transaction history,

  • Mortgage Masher: a dashboard showing you how to pay off your mortgage faster & smarter from our friends at Locatable

  • Love Capsule : Visual representation of the rise and decline of love. Uses sentiment analysis to determine how healthy your love is. Add on to Love Insurance.

  • Jamjars : Banking for the unbanked. A clever application to manages income allocation and budgeting for low income people.

  • DataArt banking data aggregator : Share aggregates of your transactions data with firms and friends. From our friends at DataArt

  • Ayuto: Online group savings platform helping utilise old saving method in a techy age

  • Sally Bank: Banking recommendations to save money from the folks at

  • Spendapenny: A digital way of dropping pennies to charity

  • AudioAggregator: Agregate terms on several audio sources and find relevant content.

  • TimeBalance: See your account balance next to your MacOs clock

This was all possible thanks to the incredible energy of our 80 participants. People came from the UK, Germany, The Netherlands and Russia. Our friend Paul Murphy and his Op3nVoice team even flew from the US to attend!

Special thanks to all our API partners. We couldn't make it without you: Op3nVoice, Paypal, PixelPin, Temenos, Microsoft, Import.IO, Twilio and of course our Open Bank Project API!

It seems like the space contributed to the good mood. Located up there at Level39, our participants could only think of sky high ideas. :-) Once again, thanks to Level39 for making this happen!

As per popular request, we will look into a 2-day event next time, stay tuned ;-)

See you at the next Hack  / Make The Bank edition!

Please get in touch if you have any ideas / suggestions for this


















7 months, 4 weeks ago, 0 Comments

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