FANAP ICT Company, affiliated to Bank Pasargad Iran, will hold a “FinTech” (financial technology) competition to promote banking and payment innovations. Software developers will have the opportunity to find sponsors for commercializing their innovations, the company’s website reported. Applicability of ideas and their compatibility with customers’ needs are the main areas of competition. Winners will also receive cash prizes. Khatam University, affiliated to the BPI, will host the March 2-4 event.