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

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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

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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

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The final event was organized successfully in Bengaluru.[15][16]

References

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  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. ^ a b "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. ^ a b "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. ^ a b "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