The budgeting tool created by a Code One hackathon team won the trio $7,500.
OMAHA—After 48 hours, one crafty team of developers went home last weekend with $7,500 for winning First National Bank of Omaha’s Code One hackathon.
The challenge: “Create innovative solutions to help our customers prosper financially by building tools to support financial planning, awareness and analysis.” Twelve teams, made up of more than three dozen people participated. Additionally, 604 ounces of Redbull and 768 ounces of Monster was consumed.
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Sung Joo, Minhui Joo and Wyatt Tuell took home first place and $7,500. Their Accu Budget app aims to cut down on generic budgeting tools. For instance, a single Target charge could have anything from clothing to automotive to electronics on one transaction. The app puts each item in correct categories.
“It gives the customer an accurate picture of their working budget with up to date sliders that are easy to read and adjust,” the creators wrote. “Customers can set limits for each category which is shown with a dynamic indicator. The savings account goal is shown with a dynamically filling First National piggy bank.”
David Dropinski, Jake Heidelk and Andrew Filippini took second and $5,000 home from the Code One hackathon.
“We wanted to emphasize financial awareness and be able to customize awareness,” the team wrote. “We wanted to help customers stick to financial goals by providing an attractive interface to define goals and alerts based on a customers transactions.
“The solution is differentiated by the ‘if-then’ action that allows for integration across many different technologies including the internet and push notification that allows for ‘If I spend too much at the grocery store, then change the thermostat in my house to be 2 degrees higher’ allowing the individual to save on electric bill.”
Tom Ortega, Rance Patterson, Chris Eggelston took third and $2,500. Their app gives users a single savings goal focus.
“The app helps customers become aware of how/where they spend money and helps them use that money to reach goals,” they wrote. “The app also allows for collaboration, support and encouragement from family and friends.
“It strives to make you remember the everyday items you don’t necessary need to help save for a larger item.”
