Benjamin Young for first digital innovation conference
Benjamin Young, CEO and co-founder of Nexercise, a mobile application that allows users to customise and play personalised video workouts, will be the keynote speaker at the National Commercial Bank Jamaica Limited (NCB) inaugural Digital Innovation Competition finals, starting today at the Marriott Hotel in New Kingston.
Young who is 35, recently received an investment of US$1.5M from multimillionaire Mark Cuban during an appearance on the popular programme, Shark Tank.
Participants from across the Caribbean region were invited by NCB to submit technology solutions that could solve common customer banking irritants or create a new revenue model for financial institutions that would also benefit customers.
"NCB seeks to be a front runner in digital revolution in Jamaica in order to meet the evolving needs and wants of our customers and to maintain relevance and viability in the global dynamic context. The future is anything but business as usual," said Nadeen Matthews, chief digital and marketing officer at NCB.
"There were more than 130 applications with 45 per cent of the completed applications coming from outside of Jamaica," said Matthews. She indicated that submissions from contestants were shortlisted and a select group will be competing this during weekend, for the final grand prize of their share of J$1 million.
"The contest is aligned with the financial institution's current drive to utilise digital technology to make it easier, more convenient and affordable for customers to access its services. During the first quarter of 2016, NCB has been rolling out a full suite of digital services which are vastly differentiating its product offerings from market standards. To facilitate this transformation, NCB needs a healthy pipeline of innovative solutions for its customers of that innovation will be internal, however we also want to access and introduce innovative ideas from across Jamaica, the Caribbean region and the globe," Matthews said.