TORONTO, ON - February 04, 2016 /CNW/ - This Friday, at Scotiabank's first hackathon, over 150 developers, designers and entrepreneurs will team up on creative solutions to help Canadians better manage debt.

Presented by the Scotiabank Digital Factory, Scotiabank Hack IT will take place over 48 hours. Teams will be competing for $25,000 in prizes. The winning teams and other selected participants will also be invited to interview for open positions at the Scotiabank Digital Factory.

Follow the event on:

• Twitter - @ScotiaHackIT - Hashtags: #ScotiabankHackIT and #debtchallenge.
• Periscope - via @ScotiabankNews on Twitter

Media are welcome to attend the event at the following times:

Friday, February 5

What: 
Scotiabank Hack IT event kicks off with remarks from organizers to over 100 participants.

Who: 
Over 100 developers, designers and entrepreneurs 
Kyle McNamara, EVP and Co-Head, IT and Business Systems at Scotiabank 
Ahmad Dajani, Vice President, Investments, GICs and Sales Tools at Scotiabank 

When: 
6:30 p.m. - 6:50 p.m. 

Where: 
Scotiabank Centre 
40 King Street West, Scotia Plaza (From the Adelaide entrance, take escalator to the 2^nd floor) 
Toronto, Ontario 

Sunday, February 7

What: 
Expo and Winner Announcement: Teams present their ideas in a science fair style during the first round of judging. The three top teams then present their debt management solutions to the special guest judges. Winners will then be announced, with prizes of $15,000 for first place team and $5,000 for second and third place.

Who: 
Scotiabank Hack IT teams
Special judges including Amber Mac, Dinaro Ly, Jeff Goldenberg, Mike Bowler, and Ron Tite
Jeff Marshall, Head of the Scotiabank Digital Factory

When: 
Expo with first round judging - 3:00 p.m. - 4:30 p.m.
Top three teams will present their ideas - 5:00 p.m. - 5:35 p.m.
Winners announced - 5:45 p.m. 

Where: 
Scotiabank Centre
40 King Street West, Scotia Plaza (take escalator to the 2^nd floor)
Toronto, Ontario

Media interested in attending are asked to contact Scotiabank Public, Corporate and Government Affairs.