In its bid to make banking more user-friendly, Stanbic Bank Ghana Limited has launched an application competition to identify and groom startup developers to become the next big app inventors in the country.

The competition dubbed 'Stanbic Mobile Challenge App' is a national app development competition to create local applications for the bank to improve its customer service.

It is aimed at creating innovative financial education tools that can help users better understand how to manage their money and achieve their financial goals.

The challenge verticals for the competition will be based on Financial Literacy, Financial Education, and Personal Finance Management.

Speaking at the launch, Managing Director of Stanbic Bank Ghana, Alhassan Andani said the App Challenge is part of their corporate social responsibility to reaffirms the company’s commitment to ensure financial inclusion in Ghana.

He noted that the motive is unearthing local talents to develop a mobile application for Android and iOS platforms will be relevant to the banking sector to enable Stanbic Ghana to become technology based.

Stanbic Bank Ghana boss indicated that the developers will be tasked to come up with potential apps and the most impressive software will be adopted by Stanbic to serve its cherished customers better.

“We want to create our own Zuckerberg in Ghana so app developers must take advantage of its platform by Stanbic bank” he added.

Alhassan Andani hoped the app by the eventual winner will simplify finance on mobile phones for better personal financial management.

Meanwhile, the duration of the Challenge is four months, after which the judges will pick ten finalists to complete for the ultimate.

The prizes for the winners include; 1st Prize – GH¢10,000, 2nd Prize – GH¢ 5,000, 3rd Prize – GH¢ 3,000 and 4th – 10th Prize – GH¢ 1,000.

In addition to the cash prizes, all ten finalists will receive goodies from Stanbic.