Indian Bank and IIT Madras Celebrate Innovision Hackathon 2025 Winners

Indian Bank, together with IIT Madras, recently celebrated the winners of the Innovision Hackathon 2025. This exciting event was part of a bigger initiative launched by the Department of Financial Services (DFS), under the Ministry of Finance, Government of India. The main goal of this program is to encourage public sector banks to organize hackathons with top institutions like the IITs and other universities across the country.

The aim of the Innovision Hackathon was to promote innovation, support entrepreneurship, and develop real-world solutions for the banking sector, especially in areas like FinTech (financial technology) and cybersecurity.

Strong Participation and Innovative Ideas

The hackathon saw strong participation, with 33 teams from IIT Madras joining the challenge. From these, 21 teams were shortlisted — 12 in the FinTech category and 9 in the cybersecurity category. These teams were selected based on how original, useful, and impactful their ideas were.

Expert Mentorship and Real-World Prototypes

To help bring their ideas to life, the shortlisted teams were paired with expert mentors from both Indian Bank and IIT Madras. These mentors helped guide the students in turning their creative concepts into working models or prototypes that address real problems in banking.

At the end of the competition, the top three winning teams were awarded prizes and special mementos to recognize their achievements.

Dignitaries at the Event

The award ceremony was attended by several prominent leaders, including:

• Binod Kumar, MD & CEO, Indian Bank
• Prof. Kamakoti V, Director, IIT Madras
• Kirti, Joint Director, DFS, Ministry of Finance, Government of India
• Suvendu Pati, CGM, RBI
• Mahesh Kumar Bajaj, ED, Indian Bank
• Srinivasa Rao, Senior Advisor, Indian Banks’ Association
• Anuj Kumar, MD, CAMS
• Benjamin Ambrose, Chief Information Security Officer, NPCI

Encouraging Innovation for India’s Banking Future

The Innovision Hackathon 2025 not only celebrated young talent but also highlighted the importance of innovation in shaping the future of India’s banking sector. With events like these, Indian Bank and IIT Madras are helping drive the country towards better, faster, and more secure banking services.