Success factors for hackathons: German banks collaborate to tame the economic crisis

Abstract

Purpose

This paper aims to focus on the banking industry and its hackathon formats, which have been created by various banking groups. Other industries can learn from these findings and adopt best practice solutions.

Design/methodology/approach

A multi-case study was conducted with three hackathon formats (Collabothon, GENOhackathon and Symbioticon) from the banking sector in which qualitative interviews with members of the organization team were held and used to summarize the differences and similarities of hackathon formats in the banking industry.

Findings

A model was developed to demonstrate how the different hackathon formats in banking overlap and what differences exist.

Originality/value

This study used a cross-case analysis to summarize differences and similarities of hackathon formats in the banking industry in Germany.

Citation

Feldmann, A. and Teuteberg, F. (2021), "Success factors for hackathons: German banks collaborate to tame the economic crisis", Journal of Business Strategy, Vol. 42 No. 6, pp. 428-438. https://doi.org/10.1108/JBS-06-2020-0114