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Home News

RBL Bank Announces Hackathon Under Newly Launched RBL iLabs

by Chinmay Bidkar
April 18, 2017
in News
Reading Time: 2 mins read
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18 April 2017, India:

One of India’s fastest growing private sector banks, RBL Bank today announced the launch of RBL iLabs.

RBL iLabs is a unique initiative to promote innovation in Banking and Financial services. This also marks the announcement of RBL Hackathon, program solution aimed at fostering the creation of new solutions in Banking and Financial Services. The contest is aimed at engineering students, IT professionals, tech enthusiastic, start-ups, and app developers.

The RBL Bank Hackathon is supported by IBM, StartupBootcamp, PricewaterhouseCoopers Private Ltd, The Hive, 91 Springboard, Amazon Activate and NetMagic.

Sanjay Sharma, Head – Technology, Innovation and Customer Fulfillment, RBL Bank said, “Financial services industry in India is undergoing a digital transformation with innovation at its core. RBL is launching this hackathon to create innovative and viable solutionsthat surpass the currently available solutions in the market, thereby aiming to provide a superior and intuitive experience to the end user. The whole idea is to secure and raise customer experience to an all new level.”

Also read-What Is Ransomware And Who Does It Target?

“The open innovation theme of RBL Bank Hackathon will provide fintech and start-ups, IT professionals etc.with a unique opportunity to explore technologies like AI, machine learning, block chain, digital currency etc. To improvise and transform the banking industry. This platform is created to recognize and reward the best of them and give them an opportunity to change the Fintech industry,” he added further.

The Hackathon is fabricated to encourage the participants to envision new solutions that surpass the presently available solutions in the market by using the diverse set of Financial Services APIs available from various forums including RBL Bank. The solutions that give a superior intuitive experience to the end user will then be competing for the top prizes in the Grand Finale.

The semi-final stage presentations of the RBL Hackathon would take place in Bengaluru and Mumbai, followed by the award ceremony on 1st July 2017 in Mumbai. The top three winners will get a chance to win exciting cash prizes worth INR 1 million along with a potential engagement opportunity with RBL Bank for productizing their ideas and other benefits worth INR 34 million offered by our partners.

Participants can register here.

Also read- A Step By Step Guide For Mobile App Development
Tags: hackathonRBL BankRBL iLabs
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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