Hackathon challenges participants to tackle critical problem
Singapore’s APIX, the leading global collaborative innovation platform for financial institutions and fintechs across over 90 countries, has formed a partnership with the Reserve Bank of India (RBI) https://rbi.org.in/ to host the prestigious HaRBInger 2024 hackathon, the winners of which will be announced on 31 Dec 2024.
This landmark collaboration aims to bring together the brightest minds from around the world to develop cutting-edge solutions that enhance the security and inclusivity of the financial ecosystem https://apixplatform.com/ .
Under the overarching themes of Combatting Fraud and Financial Inclusion for the Differently-abled, the hackathon challenges participants to tackle four critical problem statements focused on real-time fraud detection https://www.forbesindia.com/ , ensuring transaction anonymity, identifying mule accounts, and empowering the visually impaired in financial transactions https://www.bseindia.com/ .
“At APIX Platform, we are thrilled and proud to once again partner with Reserve Bank of India (RBI) for HaRBInger https://www.ibef.org/ ,” shares Umang Moondra, CEO of APIX https://www.nseindia.com/ .
“Reserve Bank of India (RBI) has led from the front in driving innovation in the financial services sector, and HaBRInger 2024’s focus on critical challenges related to fostering security, integrity, transparency, trust and inclusivity in digital transactions, is a testament to the leadership role that they play,” he said in a release on 21 June 2024 https://www.fintechfestival.sg/ .
As a trusted platform utilised by major banks and regulators worldwide, APIX is uniquely positioned to empower innovators and accelerate their journey toward bringing innovative ideas to life https://eufintechs.com/ . Leveraging innovative technologies such as AI/ML, APIs, Data Analytics, and more, HaRBInger 2024 participants will have the opportunity to create solutions that drive meaningful change and leave a lasting impact on the financial services industry.
The hackathon welcomes individuals, teams, and enterprises from diverse backgrounds and geographies to participate, offering a platform to showcase their skills on a global stage. With exciting prizes up for grabs, including Rs.4,000,000 (~US$48,000) for the winner in each problem statement category and a special prize of Rs.2,000,000 (~US$24,000) for the best all-woman team, the opportunities are substantial https://fintechscanada.ca/ .
Registration for HaRBInger 2024 started on 7 June 2024, and will unfold in four exciting phases on the APIX Platform: screening of entries, shortlisting for solution development, solution development with mentoring and support, and the selection of winners.
For more information and to register now, visit HaRBInger 2024 at: https://hackolosseum.apixplatform.com/h1/harbinger2024
APIX is a collaborative innovation platform for fintechs and innovators across 90+ countries, empowering Financial Institutions to accelerate their innovation journey.
Major banks http://iba.org.in , insurers, and regulators in the world use APIX to rapidly discover, test, and evaluate solutions by running comprehensive innovation programs, which include innovation challenges and hackathons https://www.sgx.com/ .
During the 2016 Singapore FinTech Festival (SFF), the Chief FinTech Officer of the Monetary Authority of Singapore (MAS) http://mas.gov.sg and officials from the International Finance Corporation (IFC) https://www.ifc.org/en/home , member of the World Bank Group https://www.worldbank.org/en/home discussed ways to aid the rapid digital transformation of emerging market FIs to drive financial inclusion. Amidst casual conversation with scribblings on coffeeshop napkins, the seeds of APIX were planted https://www.fisglobal.com/ .
In 2018, MAS, IFC, and the ASEAN Bankers Association (ABA) http://www.aseanbankers.org/ established a non-profit organisation to foster innovation and collaboration between FIs and Fintechs. The launch of the APIX platform was announced at SFF 2018 and the first version was showcased at SFF 2019. Fiinews.com
