Submissions are invited for Bank of Baroda Hackathon 2024. The last date of submission of idea is June 30.
About the Hackathon
Bank of Baroda is one of the largest banks in India with over a hundred years of tradition of banking excellence. We have our customers in every corner of India and key markets globally and we have been constantly striving to deliver the best Banking services to them. The Bank is committed to staying at the forefront of innovation.
With the banking industry evolving rapidly, the advent of Generative Artificial Intelligence marks a new frontier. Artificial Intelligence, particularly Generative AI, holds immense potential to transform the way we approach banking, offering new ways to enhance customer experiences, streamline operations, and drive efficiencies.
With the Bank of Baroda Hackathon 2024, we are seeking the brightest technical minds in India to develop innovative, technology-driven ideas that can transform how we deliver banking services. The top prototypes, showcasing cutting-edge innovations, will not only win handsome rewards but also have the opportunity to see their ideas implemented across India and globally.
Eligibility
Anyone interested, including techies, developers, students, and start-ups from across India, can participate. There are no age or experience restrictions. However, employees of Bank of Baroda, Microsoft and ID8NXT are not eligible.
Challenges
- Customer Service
- Risk Management
- Audit & Compliance
- Operational Efficiency
- Financial Advisory
- Personalized Content Generation
Important dates
- Registration & Idea submission: 10th June 2024 – 30th June 2024
- Evaluation of ideas: 1st July 2024 – 3rd July 2024
- Prototype development & submission: 4th July 2024 – 28th July 2024
- Declaration of finalist: 31st July 2024
- Final event (Onsite at Mumbai): First week of August 2024
How to Submit?
Interested candidates can submit ideas via this page.
Awards
- 1st Prize: ₹5,00,000* For the Winner
- 2nd Prize: ₹3,00,000* For the 1st Runner-Up
- 3rd Prize: ₹2,00,000* For the 2nd Runner-Up
- The top ideas will have the opportunity to work with Bank to implement comprehensive solutions.
- Special Co-branded Swagbags for top ideas.
- Certificate of Participation for all Finalists.
Evaluation Criteria
- Business Potential and Relevance
- Uniqueness of Approach and Solution
- User Experience
- Scalability
- Ease of Development and Maintenance
- Security Considerations
FAQs
Where will the Finale take place?
The Finale will be held onsite in Mumbai.
Is there a registration fee?
No, registration is completely free.
Can individuals participate?
Yes, individual developers can participate.
