New Hackathon Event To Boost Banking Experience

by CXOtoday News Desk    Mar 20, 2017

Hackathon

Synechron will be conducting its first-ever hackathon - SyneHack 201.7 that aims to seek and promote new services, technologies, and ways of working with customers that are aligned with what customers expect from a modern bank.

SyneHack 201.7 will be hosted in association with HackerEarth and will provide participants a chance to contribute to the financial services industry that is undergoing a phase of digital transformation, the company said adding that the event is a 24-hour hackathon that calls for developers to create an application that can process structured and unstructured data to eventually predict if a customer is satisfied or dissatisfied with their banking experience.

Registrations for SyneHack 201.7 are now open and acceptance of submissions will conclude on Sunday, April 9, 2017.SyneHack 201.7 will conclude with an onsite event scheduled for April 22–23, 2017 in Bengaluru. Participants will be eligible to win prizes of up to INR 2,50,000/=. The winners of the hackathon will be announced on Sunday, April 23, 2017, it said in a press release.

Faisal Husain, Co-founder and CEO, Synechron, said “Synechron has always been driving innovation to the next level by unleashing the ‘Power of 3’ – Digital, Business Consulting and Technology. In line with our commitment to innovation, we are thrilled to be associated with HackerEarth and establish our very first Hackathon – SyneHack 201.7. 

The hackathon is ideally designed to demonstrate the prowess of proven technologies like Artificial Intelligence and similar cutting-edge technologies and how they bring in a plethora of opportunities to the financial services industry. I am sure such initiatives would lay the foundation of the evolution of the banking of the future.”

In any bank, customer satisfaction is a key measure of success. Unhappy customers don’t stick around and rarely voice their dissatisfaction before leaving. Synechron aims to address this very challenge through SyneHack 201.7. Synechron’s cutting-edge solutions for Artificial Intelligence and Blockchain utilize its Digital, Business Consulting and Technology expertise and ensure real–time benefits, center on strategic business challenges faced by financial institutions today.

“Technologies like Open APIs, Artificial Intelligence, AR and VR, Bots, Big Data, Blockchain, and IoT will form the basis of tomorrow’s economy. The banks of tomorrow must be able to help customers navigate this new economy in a safe and comfortable way, while giving them access to advantages of new technologies. This hackathon aims to seek and promote new services, technologies, and ways of working with customers that are aligned with what customers expect from a modern bank,” said Sachin Gupta, CEO and Co-founder, HackerEarth.