SYND iNNOVATE

3558 Registered Allowed team size: 1 - 4

This campaign is over.

idea phase
Online
starts on:
Jul 15, 2019, 11:30 PM
ends on:
Aug 18, 2019, 01:25 PM
hackathon
Online
starts on:
Aug 26, 2019, 07:30 AM
ends on:
Sep 08, 2019, 01:25 PM

Overview

Announcement:

Phase 2 prototype shortlists will be tentatively announced on Friday, 20th September.


Syndicate Bank is one of the oldest and major commercial banks of India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the Government of India. The Bank has headquarter in the university town of Manipal, India.

The business started with a capital of 8000 rupees. T M A Pai, Upendra Pai and Vaman Kudva strove together to set up the bank. The first branch of the bank started its operations in 1925 at Udupi in Dakshin Kannada district in Karnataka state. By 1937, it had secured its membership as a clearing house at Mumbai. The primary objective of the business was to extend the financial assistance to local weavers. Initially, the bank collected as low as two annas from the door steps of the depositors daily through its agents. This type of system wherein the agents of the bank come doorsteps to collect deposit is still prevailing in India and is referred to as the Pigmy Deposit Scheme.

Syndicate Bank with INR 4770 Billion Global business mix and a network of 4062 branches, State of the Art Digital Lounges and 4535 ATMs. The Bank’s Technology initiatives are focused on customers and its Business Transformation Program encompassing technology is meant to provide its customers continuously improved convenience banking on 24X7 basis.

The Bank introduces
SYND iNNOVATE : Inspire | Invent | Influence

A hackathon contest, inviting the techies, developers, students, creative coders and start-ups to come up with exciting, innovative, novel and viable solutions under the listed themes. For about two months, expert developers will showcase how their solutions can help Bank in developing better banking systems. We invite you to not only enjoy the outcome, but also the journey through a challenge that puts you to test via a coding battlefield.

Syndicate Bank has always been forward in technology adoption and using tech in the creation of customer-centric products & services. This Hackathon is an initiative by Syndicate Bank to promote innovation in the country and help Startups/Developers and Student Entrepreneurs to think out of the box and come up with great solutions for the bank. Purpose of this hackathon is to identify the talent and engage with them for co-learning and co-creating tech & business applications in a collaborative and fun way with awesome Cash Prizes.

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In this online ideation round, we want to learn about your approach towards building a solution for the chosen themes.

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In this online prototype submission round, You need to submit the project and other collaterals related to the same which could include your approach towards building a solution, videos, snapshots etc for the chosen themes.

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At the hackathon location, you will be evaluated on the product as a whole.

The Syndicate bank team will mentor you and help chisel your solution during the course of the hackathon. The finalists will get the opportunity to showcase and discuss their solution before the esteemed judges and stand a chance to win amazing prizes

Note:

All the participants traveling from locations other than Bangalore Rural/Urban are eligible for reimbursement upon submission of valid bills and tickets. The HackerEarth team will verify your bills and reimburse the relevant amount after the hackathon is concluded. The maximum reimbursement is capped at a certain amount per person including the expenses incurred on travel and accommodation. Amounts less than the cap mentioned will be reimbursed based on actuals.

Themes

Important Note-

Participants (Individuals or Teams) can choose any one of the 10 themes provided below for Hackathon, they can also choose more than one theme for participation in different Theme category.

Open Innovation

Syndicate Bank is a pioneer to bring innovative technical solutions in the banking industry. The entire Banking industry is becoming both more strategically focused and technologically advanced to delight their customers and solve their problems efficiently.

The importance of innovation and developing new solutions that take advantage of data, advanced analytics, digital technologies, and new deli...

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Customer Social Profiling

Check & Verify customer’s social life, connections, transactions, purchase patterns, travels, place of work, company where he is employed, current address and other details through social media/other platforms(LinkedIn, etc) through facial recognition and other information.

Voice Based Customer Grievance redressal System

The Application/Mechanism should have voice-based Customer Grievance Redressal where Customer should be able to register & track grievance through voice message which gets directed to respective department with proper back-end system for redressing for management having centralized monitoring.

An App for Agents(Referral Marketing & Affiliate Marketing)

A person(our present customer, student, retired employee, part-time worker, freelancer, unemployed person, etc) can register freely and whenever he/she bring a new customer/deal for the bank he/she will get a commission/reward points which can be encashed.

This idea is the automation of how insurance Companies works for generating leads through Agents, we can set different percentage of commission...

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Branch wise customer ranking for the use of Digital Banking Channels & Rewards Mechanism for the same

Developing a system which can Analyze Branch’s Customer Data as per their Digital Channel Usage, Display the same in their Digital Signage System and suggest them to improve their Digital User base by migrating the customers to digital channels instead of conventional brick and mortar banking. The system should also recognize and reward most active digital banking users and display his/her name as...

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A centralized system for checking Branch Ambience & Cleanliness

Branch Cleanliness & Ambience is the first thing which customer(or prospective customer) notices when he/she enters a branch. Govt. Banks do not always make the best first impressions when we look at cleanliness and ambiance. If the first impression to the customer is amazing, he will feel like “Wow this bank’s atmosphere is better than other banks and similar to PVT banks, then why should I go fo...

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Whatsapp Business integration for amazing customer experience.

Develop a system to integrate Whatsapp business for amazing experience to customers like immediate receipts of transactions, smart notifications, online transactions details, chatbots, livechat etc. The system also to be used to send alerts like Interest rate changes , Bank offers on various products, on going campaign etc.

Automated Queue Management System for Branch.

Developing Automated Queue Management System for Walk-In-Customer in the Branch with the help of latest technology like QR Codes, IoT etc. The customer should be able to scan QR code to get the ticket, which will guide the customer further by informing the counter number to serve him at the earliest. The system shall automatically re-schedule the counter to maintain FIFO order depending on custom...

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Developing automated system for Identification & Triggering alert when a High Net Worth customer visits the Branch and/or using our Digital Platform like Internet/Mobile Banking etc.

Develop system which can identify HNI & Top 100 customers, send an alert to Branch Head so that the customer can be given special attention & privileged services when he/she enters Branch Premises. The customer shall be able to inform the Branch in advance that what kind of services he/she will avail on the day of his/her visit so that the staffs can extend him immediate service without or wit...

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Mobile number verification of customers through QR scan, Missed Call or any other easy procedure

Developing system for providing facility to Customer to verify his/her registered mobile by scanning QR code in branch, Sending Missed Call or any other easy procedure to provide him hassle-free verification process more than one procedure can also be used to provide him options as per his/her convenience & alerts to be provided for the same.

Design of UX/UI for LAPS

Improving User Experience & User Interface for LAPS in Bank

https://lapsonline.syndicatebank.in:447/?PAGE_TYPE=R

Early Fraud Detection Mechanism

Creating an Early Fraud Detection System by using AI, ML, NLP, BI or any other technology.

Customer Acquisition

Analysis for faster customer Acquisition for Banking Products such as Credit Cards, Loans, Current Accounts, Fixed Deposits etc.

Prizes INR 7,00,000 in prizes

Every participant of 2nd Phase(Prototype Submission stage) & 3rd Phase(Offline Hackathon) will be provided Certificate of Participation.

Main Prizes
1st Prize
INR 3,00,000
2nd Prize
INR 2,00,000
3rd prize
INR 1,00,000
Special Prizes
Consolation Prize (10)
INR 10,000

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