Synd iNNOVATE

Synd iNNOVATE 2019 was the National Leven Hackathon conducted by Syndicate Bank in September 2019 to encourage Innovation in Banking Industry.[1][2] It attracted more than 3,500 ideas[3] from applicants from all over India out of which final 40 teams were called for Onsite Hackathon.[4][5][6]

Themes

Synd iNNOVATE 2019 had thirteen themes[7] to participate, which are as follows:

  1. Open Innovation
  2. Customer Social Profiling
  3. Voice Based Customer Grievance redressal System
  4. An App for Agents(Referral Marketing & Affiliate Marketing)
  5. Branch wise customer ranking for the use of Digital Banking Channels & Rewards Mechanism for the same
  6. A centralized system for checking Branch Ambience & Cleanliness
  7. Whatsapp Business integration for amazing customer experience.
  8. Automated Queue Management System for Branch.
  9. 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.
  10. Mobile number verification of customers through QR scan, Missed Call or any other easy procedure
  11. Design of UX/UI for LAPS
  12. Early Fraud Detection Mechanism
  13. Customer Acquisition

Synd iNNOVATE received more than 3500 Ideas in all the themes combined.[3] Then 400 teams were shortlisted to participate in 2nd round for submission of online prototype, out of these 400 prototypes, 40 were selected for final onsite Hackathon in Bengaluru.[8]

Hackathon Schedule & Management

Synd iNNOVATE was managed by Bhanu Srivastav[8][9] from Syndicate Bank.[10][11] who was working in Business Process Re-Engineering & Innovation Department in Syndicate Bank Corporate Office. The event was managed by Hackerearth.[12]

The Hackathon was scheduled in 3 phases:

Phase 1 Idea Submission (Online)

Phase 2 Prototype submission (Online)

Phase 3 Onsite Hackathon (Offline)

The prize money[13] for the winners was:

1st Prize - Rs 3,00,000/-

2nd Prize - Rs 2,00,000/-

3rd Prize - Rs 1,00,000/-

10 Consolation Prizes - 10,000/-

Reception

The final event was organized successfully in Bengaluru.[14][15]

References
  1. "Bengaluru: Syndicate Bank holds 'Synd Innovate Hackathon' to encourage innovation". Deccan Chronicle. 2019-09-30. Retrieved 2020-06-01.
  2. "Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon". www.businesstoday.in. Retrieved 2020-06-02.
  3. "Syndicate Bank gathers 3,500 fresh ideas to bring in ease of use in digital banking". The Hindu. Special Correspondent. 2019-10-02. ISSN 0971-751X. Retrieved 2020-06-01.CS1 maint: others (link)
  4. SYND iNNOVATE FULL DOCUMENTARY, retrieved 2020-06-01
  5. "Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon". https://www.outlookindia.com/. Retrieved 2020-06-02. External link in |website= (help)
  6. "Dare2Compete - Competitions, Quizzes, Hackathons, Scholarships and Internships for Students and Corporates". dare2compete.com. Retrieved 2020-06-02.
  7. "SYND iNNOVATE on HackerEarth". HackerEarth. Retrieved 2020-06-03.
  8. "SYND iNNOVATE on HackerEarth". HackerEarth. Retrieved 2020-06-01.
  9. MarketScreener. "Syndicate Bank : Bhanu Srivastav's novel 'Hacker 404 Happiness Not Found' debuts as best-seller, Selling 21,000+ copies in 30 days | MarketScreener". www.marketscreener.com. Retrieved 2020-06-02.
  10. "Syndicate Bank Notification".
  11. You, Technology For. "Synd Innovate Hackathon concludes high on innovation | Technology For You". Retrieved 2020-06-02.
  12. "SYND iNNOVATE on HackerEarth". HackerEarth. Retrieved 2020-06-01.
  13. "SYND iNNOVATE on HackerEarth". HackerEarth. Retrieved 2020-06-01.
  14. "Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon". https://www.outlookindia.com/. Retrieved 2020-06-01. External link in |website= (help)
  15. SYND Innovate 2019: Hackathon Highlights (Video 2019) - IMDb, retrieved 2020-06-02
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