Baroda Finathon Challenge

The Bank of Baroda introduces “Baroda Finathon Challenge”, a hackathon contest, inviting the techies, developers, students and start-ups to come up with exciting, innovative, novel and viable solutions under the listed themes.

For about two months, expert developers will showcase how their solutions can help Bank in developing better banking systems. We invite you to not only enjoy the outcome, but also the journey through a challenge that puts you to test via a coding battlefield.

THEMES

Innovation
The “Innovation” theme of the Finathon provides a unique opportunity to apply out of box thinking to create new age banking solutions using emerging technologies .You can use one of the below API options to develop solution/ application under “ Innovation” theme.

You may also use these API options to develop solutions for any other themes (Customer Acquisition, Customer Experience, Conversational ...
 
Customer Acquisition
Identify and reach prospective and profitable customers for retail loan and deposit products

 
Customer Experience
Leverage AI (Artificial Intelligence) & NLP (Natural Language Processing) technology to enhance customer experience

Conversational Banking
Build solutions leveraging technology for conversational banking use cases other than Contact Center Chat, Chabot, etc.

Challenge is to design products/services using Conversational Banking for better customer experience at the branch. This should not include Customer Contact Chat, Chatbot etc
 
Collections
Improve collections and recovery from borrowers by using internal and external data and technology.


Compliance
Build a digital KYC mechanism which is easy, secure, maintains history and can be shared consistently across entities within and outside the Bank
 
Operational Efficiency
Use of GPS, external data sources and analytics to build a solution for planning/ identification of right locations for opening new branches, digital kiosks, ATMs and for rationalization of existing network of branches, kiosks and ATMs.

Main Prizes

First Prize
INR 5,00,000
 
Second Prize
INR 3,00,000
 
Third Prize
INR 2,00,000

IDEA PHASE
 Online
OPENS AT:
Sep 02, 2017, 03:00 PM IST
CLOSES ON:
Oct 08, 2017, 11:59 PM IST
HACKATHON
 Online
OPENS AT:
Oct 15, 2017, 09:00 AM IST
CLOSES ON:
Nov 05, 2017, 11:59 PM IST

RULES

• This is a team participation Hackathon. Team Size can be maximum of 3 members.
• You can either invite your friends to form a team or you can request other teams to add you as a member.
• You cannot add/delete team members after the idea submission round ends.
• It's an online Hackathon, you can participate from anywhere.
• One team can submit a hack on only one theme
• Once the Hackathon starts, you will get an option to submit your hack. You can submit as many times as you want, the last hack will be considered as the final submission.
• You need to mention all the APIs you will be using while submitting your idea.
• You are expected to come up with new and innovative ideas, any idea that has been copied from somewhere will be disqualified.
• Your hack must be developed entirely during the Hackathon duration. You may use open source libraries and other freely available systems / services such as Google Maps, Facebook Connect, Twitter feeds etc.

Click here for further details