IndiaHacks 2017: Fintech

5605 Registered Allowed team size: 1 - 2
5605 Registered Allowed team size: 1 - 2

This campaign is over.

idea phase
Online
starts on:
Mar 07, 2017, 06:30 PM UTC (UTC)
ends on:
Jul 03, 2017, 06:29 PM UTC (UTC)
hackathon
starts on:
Jul 29, 2017, 01:30 PM UTC (UTC)
ends on:
Sep 08, 2017, 03:20 PM UTC (UTC)

Overview

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Today, the financial industry is more focused on technological innovation than at any other time. is the application of technologies to disrupt services in the financial sector. It puts technology at the heart of the financial services and enhances the offerings in this domain.

This India Hacks we are coming with a hackathon. This hackathon aims to bring together developers and designers to discover new technologies and develop financial products. You can join the elite developers of the nation to make innovative apps in lending, financial inclusion, financial advisory, personal finance, Blockchain and financial security.

Form teams, explore possibilities, and submit your “big idea” to our panel of judges through our hackathon platform. The judges will screen the ideas based on factors like innovation, creativity, social impact, and feasibility. The shortlisted teams will be invited to be part of a 22-hr hackathon in Bangalore / Pune / New Delhi.

Here is your big opportunity to build something that the world has never seen before. enter image description here

Special Prize:

  • Instant acceptance to the Hasura Tech Accelerator Program.
  • Rs 50,000 + $1200 hosting credits for the best app after the finals.

Note: Special Prizes are only applicable for team acroos tracks who are building their apps using Hasura.

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You can use IBM Bluemix and Watson to build your application. Register here for your free trial of IBM Bluemix and you can read about Waston Developer Cloud here.


Sponsors and Partners


Presenting Sponsors


Technology Partner


Title Sponsor


Silver Sponsor

Platform Partner

Themes

Lending

Lending has primarily been based on a scoring mechanism, on scores like FICO. Addition of such systems probably makes lending unnecessarily more complex than it needs to be and thus works like an entry barrier. Solutions can be developed which make lending and credit more accessible to the laymen

Financial Inclusion

Innovative solutions are the need of the hour to deliver financial services at affordable costs. An estimated 2 billion working-age adults globally have no access to the types of formal financial services delivered by regulated financial institutions. So, this is clearly an area where a lot of innovation still needs to be done.

Financial Advisory

Trust has become a rare commodity among the millennials as they have gone through various world-changing events such as 9/11 and the global economic crisis. The market needs a banking product in which fosters ultimate financial trust.

Personal Finance

Personalization is the key to making better financial apps that make it easy for an individual to manage his money in a better way. Innovation is needed so that financial planning and execution is a seamless experience for the user.

Blockchain

Blockchain is here. This technology has massive potential and can radically optimize the global infrastructure to deal with global issues in this space much more efficiently than current systems. We need massive innovation and application of blockchain technology to make banking services more accessible for the “unbanked” living in emerging markets and to make existing banking services more effective for those living in developed markets.

Security

Making financial apps more secure has always been at the forefront of Fintech companies. But traditional security measures bring in some amount of friction within the transaction space. For example, very few users have enabled two factor authentication as this increases the number of steps for the user. Solutions can be created to make financial apps more safe and also reducing the friction.

Document Lifecycle Management

Managing client documents is one of the key pain areas in Client lifecycle process. In most of the occasions, a Relationship Manager has no track of what documents to collect from clients and do not have a comprehensive way to validate the content of the documents automatically. In the current process, the analysts manually key in information from the documents which is a cumbersome and prone to human error. We are looking for a simplified application and process where approved and validated documents being shared across different teams within the bank. The application should handle client documents to ensure that various teams do not spend time collecting the same documents from the client which would, in turn, simplify the overall onboarding process of a client and would also improve the client experience.

Prizes INR 700000 in prizes

Main Prizes
1st Prize
INR 300,000
2nd Prize
INR 150,000
3rd Prize
INR 100,000
more
Special Prizes
1st - 50th

HackerEarth Goodies

Special Prize
  • Instant acceptance to the Hasura Tech Accelerator Program.
  • Rs 50,000 + $1200 hosting credits for the best app after the finals.
    Note: Special Prizes are only applicable for team acroos tracks who are building their apps using Hasura.

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HackerEarth Support at support@hackerearth.com
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