Private University Teams Showcase Innovative Solutions to Finance Challenges in the current landscape at the ACCA FinHack Competition

In a thrilling showcase of talent and innovation, the ACCA FinHack concluded with teams from six leading private universities competing to devise intelligent solutions for real-world challenges faced by the finance industry. This annual digital platform-based competition serves as a breeding ground for budding finance professionals, emphasising knowledge sharing, soft skills development, and a passion for tackling contemporary financial hurdles.

The competition featured teams from NSBM, NIBM, Horizon, SAB Campus, SLIIT, and KIU, each armed with a desire to make their mark in the finance sector. The case studies presented to these university teams were carefully crafted to reflect the current challenges prevalent in the finance industry, pushing participants to think critically and come up with innovative solutions.

The primary objective of ACCA FinHack extends aims to foster a culture of continuous learning and collaboration among university students. The platform provides an invaluable opportunity for participants to apply theoretical knowledge gained in classrooms to real-world scenarios, honing their problem-solving skills and expanding their understanding of the complexities within the finance domain. During the competition , participants engage in team-based collaboration, effective communication, and the ability to think on their feet .

This year’s competition saw a close and spirited battle among the teams, with SAB emerging as the champions. Their innovative approach and strategic thinking set them apart, showcasing their ability to navigate the intricate challenges posed by the finance industry. The runners-up, SLIIT, also demonstrated commendable skills and resilience, making it a neckand-neck competition until the very end. Overall , the competition serves as a stepping stone for these aspiring finance professionals, instilling in them a sense of purpose and the confidence to face real-world challenges head-on.

Ms. Nilusha Ranasinghe, Head of South Asia at ACCA, expressing her appreciation and congratulations on the success of the ACCA FinHack winners, commended not only the victorious teams but also extended applause to all the participating universities. She emphasised the significance of their commitment to cultivating the future cadre of finance professionals, acknowledging the pivotal role these educational institutions play in shaping the skills and capabilities of the next generation. Her words underscored the importance of collaborative efforts in providing a platform for students to excel and prepare for the dynamic challenges that lie ahead in the finance industry.