RBI Hackathon Registration Open, Winner will get Rs.40 lakh [Apply Online]

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Reserve Bank is organising its third global hackathon – ‘HaRBInger 2024 – Innovation for Transformation’. The Hackathon invites participants to develop solutions using technology and innovative approaches to solve various issues in fintech sector.

Important Dates:

  • Start Date: June 07, 2024
  • End Date: July 19, 2024

Prizes

  • Winners in each category of problem statements will get prize money of INR 40 lakh.
  • Special prize:  INR 20 lakh to the best ‘all woman team’ (a team comprising of only woman members), across all the four problem statements.
  • Stipend: INR 5 lakh to teams shortlisted for Solution Development (Phase III) for meeting the cost of development of prototype

Themes for Hackathon

Candidates need to solves issues in following fields.

Theme 1: Zero Financial Frauds
i. Real time prediction, detection and prevention of frauds in financial transactions using alternate sources of data including publicly available information.
ii. Ensuring transaction anonymity in token-based (CBDC) transactions while maintaining financial system integrity.
iii. Identifying mule bank accounts/ payment wallets.

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Theme 2: Being Divyang Friendly
iv. Accurately identifying banknotes by visually impaired.

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