European collections specialist, Intrum is organizing a hackathon in partnership with Tieto which will seek to examine how innovation can help to improve individual consumer’s financial well-being.

Over the course of the two-day hackathon event in Helsinki, Finland on April 11-12 this year, participants from education institutions, startups, SMEs and other organisations will create new concepts for managing personal finance.

Mikael Ericson, President & CEO of Intrum said” Today we launch a call for teams to hack the future of financial wellbeing with us. Consumption patterns are changing with digitalization, allowing for a wide variety of payment options. The 2017 European Consumer Payment Report indicates that as an increasing share of Europeans are willing to buy goods and services on credit, they also put themselves at higher financial risks.  Having surveyed more than 24,000 European consumers, we see that these trends have a substantial impact on today’s society.”

Teams participating in the hackathon will get access to the required material for the first time and will be equipped with the latest technology and tools, customer insight and mentorship to bring their ideas to life.