Last week Corezoid, a cloud process engine that allows companies to create their own digital core, won the second prize and $5,000 at the Money20/20 hackathon in Las Vegas, for their application Share.CreditCard.
Corezoid is a California-based company which is owned by PrivatBank, a major Ukrainian bank, according to the bank’s press service.
“We win the VISA Challenge [which was held as part of the hackathon] and get $25,000 from Visa, plus $20,000 in prizes from Visa, plus four cool Microsoft Hololens,” Sergii Danylenko, COO at Corezoid, posted on his Facebook page.
Developed in just 24 hours during the hackathon, Share.CreditCard lets you share access to your cards for free instead of “moving money”. The recipient can then pay via NFC-enabled POS or withdraw money from NFC ATM in any country, according to the company. The money can be also shared with your own smart wearables and smart devices.
106 teams were battling for $125,000 in cash prizes and international notoriety. They were challenged to showcase their skills and vision using the APIs, SDKs and other tools from today’s leading payments and financial services innovators, according to the hackathon organizers.
The company was founded by Alexander Vityaz, Vice Chairman and Head of E-business Center at PrivatBank, in 2013.