Synd iNNOVATE

Synd iNNOVATE 2019 was the National Level 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] [7]}

Themes

Synd iNNOVATE 2019 had thirteen themes ^[8] 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. ^[9]

Hackathon Schedule & Management

Synd iNNOVATE was managed by Bhanu Srivastav ^{[9] [10] [11]} from Syndicate Bank. ^{[12] [13]} who was working in Business Process Re-Engineering & Innovation Department in Syndicate Bank Corporate Office. The event was managed by Hackerearth. ^[14]

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 ^[14] 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. ^{[15] [16]}

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. 28 September 2019. Retrieved 2020-06-02.
3. "Syndicate Bank gathers 3,500 fresh ideas to bring in ease of use in digital banking". The Hindu. 2019-10-02. ISSN   0971-751X . Retrieved 2020-06-01.
4. SYND iNNOVATE FULL DOCUMENTARY , retrieved 2020-06-01
5. "Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon". www.outlookindia.com/. Retrieved 2020-06-02.
6. "SYND iNNOVATE Syndicate Bank". unstop.com. 10 September 2020. Retrieved 2020-06-02.
7. "Dare2Compete rebrands to Unstop". Unstop.com (formerly Dare2Compete). Archived from the original on June 25, 2022. Retrieved 2021-05-12.
8. "SYND iNNOVATE on HackerEarth". HackerEarth. Retrieved 2020-06-03.
9. "SYND iNNOVATE on HackerEarth". HackerEarth. Retrieved 2020-06-01.
10. MarketScreener (19 March 2020). "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.
11. "Bhanu Srivastav | Indian Writer, Author and Columnist". Bhanu Srivastav. Retrieved 2020-08-25.
12. "Syndicate Bank Notification".
13. You, Technology For (October 2019). "Synd Innovate Hackathon concludes high on innovation | Technology For You" . Retrieved 2020-06-02.
14. "SYND iNNOVATE on HackerEarth". HackerEarth. Retrieved 2020-06-01.
15. "Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon". www.outlookindia.com/. Retrieved 2020-06-01.
16. SYND Innovate 2019: Hackathon Highlights (Video 2019) - IMDb , retrieved 2020-06-02