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The Reserve Bank of India (RBI) has announced the launch of its third global hackathon, HaRBInger 2024 – Innovation for Transformation, aimed at encouraging innovative solutions in the financial technology sector.
The hackathon will focus on two major themes: “Zero Financial Frauds”, which seeks solutions for real-time fraud detection, prevention, and secure token-based transactions, and “Being Divyang Friendly”, aimed at helping visually impaired individuals accurately identify banknotes.
Winners stand to receive prizes of up to ₹40 lakh per problem statement, with a special ₹20 lakh prize for the best all-woman team. Teams shortlisted for prototype development will also receive a stipend of ₹5 lakh.
Registration for HaRBInger 2024 opens on June 7, 2024, providing participants the opportunity to be mentored by industry experts and present their solutions to an eminent jury.
For more information, interested participants can access the official RBI hackathon portal.
[RBI]