June 02, 2022
The Reserve Bank had launched its first global hackathon – “HARBINGER 2021 – Innovation for Transformation” with the theme ‘Smarter Digital Payments’ which was communicated vide Press Release dated November 09, 2021.
The hackathon received encouraging response with 363 proposals submitted by teams from within India and from 22 other countries including the USA, UK, Sweden, Singapore, Philippines, and Israel. The Hackathon ran in three phases with shortlisting of proposals in the first phase, solution development in the second phase followed by the final evaluation in the third phase.
In the first phase of preliminary screening and initial evaluation, 25 proposals were shortlisted by a Jury consisting of external experts, across four problem statements from 58 shortlisted proposals.
In the second phase of solution development, which lasted for more than a month, shortlisted teams worked on developing their solution(s) under the guidance of external mentors.
The third phase of final evaluation was held on May 26-27, 2022 in Bengaluru wherein 24 finalist teams presented their solutions for the problem statements to the jury of external experts who evaluated and selected the winners and runners-up based on parameters like innovation, technology, demonstration, user experience, security, ease of implementation. The results of the Hackathon are as follows:
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Press Release : https://www.dropbox.com/s/ucqa23n7blijo0c/RBI%20announces%20results%20of%20its%20First%20Global%20Hackathon.PDF?dl=0